(a) All storm water utility fees collected shall be paid into an enterprise fund hereby created, to be known as the Storm Water Utility Fund. Such funds shall be used for paying the costs of operation, construction, reconstruction, repair and maintenance of the storm water facilities of the city and to carry out all other purposes of this utility. To the extent that the storm water utility fees collected are insufficient to construct the needed storm water drainage facilities, the costs of same may be paid from such city funds as may be determined by the governing body, but the city may order reimbursement of such Fund if additional fees are thereafter collected. When the Fund has surplus dollars on hand in excess of current needs, the surplus dollars shall be invested to return the highest yield consistent with proper safeguards. Any interest earned on invested surplus dollars shall be placed in the Storm Water Utility Fund.
(b) The fees and charges paid and other income received shall not be used for general or other governmental or proprietary purposes of the city.
(c) Nothing in this Article shall be so construed as to limit or restrict the planning, engineering, construction, reconstruction, repair, operation or maintenance of storm water facilities through other means, including, but not limited to, other city fees and taxes, grants, special improvement districts, contributions from other agencies, interlocal cooperation agreements or private contributions.
(Charter Ord. 16, passed 5-15-2004)