Effective April 1, 2004, a water debt assessment shall be applicable to all customers of the City of Sidney Combined Utilities Fund on a monthly billing basis of fifteen dollars ($15.00). Said assessment will go directly to the debt service payment of the 2004 Water Project and be in effect until the debt is retired on June 30, 2022, whichever shall come first. Effective upon the final payment of the 2004 Water Project debt service payment, a water debt assessment shall be applicable to all customers of the City of Sidney Combined Utilities Fund on a monthly billing basis of five dollars ($5.00). Said assessment will go directly to the debt service payment of the 2015 Water Project and the be in effect until the debt is retired on June 15, 2048 or when the last payment is made whichever comes first.
(Ord. 1534. Passed 3-9-04; Ord. 1771. Passed 11-24-15; Ord. 1832. Passed 4-26-22.)