A. Purpose: The public utilities department is operated as an enterprise fund, and the city receives no revenue from the department's use of city streets. The city's objective in enacting the ordinance codified herein is to fairly and equally charge for the department's use of the city's streets the same cumulative charges the city has imposed against utility companies for their use of city streets under other city ordinances.
B. Amount: In addition to the other charges provided for in this chapter, the department shall pay, to the city, a franchise fee equal to six percent (6%) of the gross revenues received by the department from the operation of the public utility. The department is authorized to add to each billing for water, sewer, and stormwater sewer services rendered within city limits, a fee equal to the fee imposed by this subsection. Funds collected under this section shall be distributed to the city's general fund within forty five (45) days after the close of each month in any calendar year, together with a report of such revenue showing the general service and the actual amounts collected. (Ord. 49-10, 2010)