(A) Pursuant to I.C. 8-1.5-5, a Department of Stormwater Management shall be and is hereby created for the purpose of providing for the collection, disposal and drainage of stormwater in the town.
(B) Pursuant to I.C. 8-1.5-5, the Department of Stormwater Management shall be controlled by a Board of Directors which shall consist of three members appointed by the Town Council, two of which shall be Town Council members.
(C) The initial terms of the first members appointed pursuant to this section shall be staggered so that one member shall have a one-year term; one member shall have a two-year term; and one member shall have a three-year term; and thereafter the terms of all members shall be for a period of three years, and all initial terms shall begin on the first day of the month following adoption of this section.
(D) The Board of Directors shall prepare a budget for the operation of the Department on an annual basis which budget shall be subject to approval by the Town Council, and any issuance of bonds or other methods for making capital improvements shall be approved by the Town Council as provided by law.
(Ord. 2012-1, passed 4-12-2012)