(A) The city hereby establishes a sewer service charge system whereby all revenue collected from users of the sanitary sewerage facilities will be used to affect all expenditures incurred for annual operation, maintenance and replacement and for debt service on capital expenditure incurred in constructing the wastewater treatment works.
(B) Each user shall pay its proportionate share of operation maintenance and replacement costs of the treatment works, based on the users proportionate contribution to the total wastewater loading from all users.
(C) Each user shall pay debt service charges to retire local capital costs as determined by the City Council.
(D) Sewer service rates and charges to users of the sanitary sewerage facility shall be determined and fixed in a sewer service charge system developed according to the provisions of this subchapter. Subsequent changes in sewer service rates and charges shall be adopted by the City Council.
(E) Revenues collected for sewer service shall be deposited in a separate fund known as the Sanitary Sewer Fund. Income from revenues collected will be expended to offset the cost of operation, maintenance and equipment replacement for the facility and to retire the debt for capital expenditure.
(F) Sewer service charges and the Sewer Service Fund will be administered in accordance with the provisions of § 53.50.
(`86 Code, § 3.58)