The above and foregoing described rates and charges are non-discriminatory, reasonable and just within the meaning of I.C. 8-1.5-3-8 and include each of the elements of reasonable and just rates and charges for services under I.C. 8-1.5-3-8 that the city deems appropriate, including a reasonable return on the City of Washington’s Utility Plant and revenue sufficient to compensate the City of Washington for taxes that would be due the city on its water utility property were it privately owned.
(Prior Code, § 53.21) (Ord. 9-2001, passed 5-29-2001; Am. Ord. 2-2006, passed 4-10-2006)