(A) There shall be established a stormwater utility account for the deposit of all fees and charges collected by the stormwater utility.
(B) These funds shall be for the exclusive use of the town’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 or treatment infrastructure;
(3) Project costs related to constructing major or minor structural improvements to the town’s stormwater related infrastructure;
(4) Administrative costs associated with the management of the stormwater utility user fee;
(5) Debt service financing of the town’s stormwater related capital improvements; 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. 2016-2, passed 9-8-2016)