§ 51.11  CAPITAL RECOVERY FEES.
   (A)   Prior to the issuance of a building permit, or at the time of installation of the meter, if a building permit is not issued by the City of Pompano Beach because the property is located outside of the corporate boundaries, each new applicant requesting new water or wastewater service from the city will be required to pay an initial capital recovery fee pursuant to this section.
   (B)   A base capital recovery fee of $545 per equivalent  Residential  Customer  Unit  (ERC)  for  each wastewater tap purchased shall be charged on the basis of the meter size (or equivalent service requirement for wastewater) requested as follows:
 
Meter Size (Inches)
ERC Ratio*
Wastewater Capital Recovery Fee
3/4
1.0
$545
1
1.7
$928
1-1/2
3.3
$1,801
2
5.3
$2,893
3
10.0
$5,458
4
16.7
$9,116
6
33.3
$18,177
8
53.3
$29,095
10
76.7
$41,869
 
*   The ERC Ratio for meter sizes was adopted as per the American Water Works Association Manual of Water Supply Practices - Water Rates (AWWA No. M1).
   (C)   If additional metering is installed subsequent to the payment of the capital recovery fee, an additional capital recovery fee attributable to the additional meter shall be collected at the time of installation of the additional meter.
   (D)   The monies collected pursuant to this section shall be used only for capital recovery and shall be deposited into a special purpose account of which 75% of the fees collected will be transferred to the Bond Sinking Fund Account and 25% will be transferred to the RR and I Fund for capital improvements in accordance with the capital improvement plan.
   (E)   In the event a capital recovery fee has been paid but the project for which it was paid is terminated prior to utilizing water or wastewater service, the fee shall be refunded.
(Ord. 88-21, passed 12-29-87; Am. Ord. 89-03, passed 10-4-88; Am. Ord. 89-47, passed 3-7-89; Am. Ord. 90-13, passed 11-21-89; Am. Ord. 92-15, passed 12-17-91; Am. Ord. 2009-12, passed 11-25-08)