(A) A separate fund is hereby established to be known as the Non-Reverting Stormwater Utility Fund.
(B) The source of funds deposited in the Non- Reverting Stormwater Utility Fund will be revenues received by the implementation of this subchapter, and/or monies collected or received by the city for stormwater management.
(C) The fund shall be a non-reverting fund and shall be for the exclusive use of the city’s stormwater utility including, but not limited to, the following:
(1) Stormwater management services, such as studies, design, permit review, plan preparation and development review;
(2) Operation, maintenance, repair and replacement of the stormwater collection, storage, conveyance and/or treatment infrastructure;
(3) Project costs related to constructing major or minor structural improvements to the city’s stormwater-related infrastructure;
(4) Administrative costs associated with the management of the stormwater utility user fee;
(5) Debt service financing of the city’s stormwater-related infrastructure; and
(6) Funding of studies such as water quantity and quality monitoring, aerial photography and geotechnical work associated with the planning of the stormwater-related infrastructure.
(Ord. 03-2461, passed 6-16-03)
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