(A) There is hereby established as a payment in lieu of taxes (PILOT) an annual administrative charges of 5.50% of the gross revenues collected by the village’s sanitary sewer, and storm sewer departments/operations/services, which charges are determined by the Council to be a fair allocation of the costs of the village of providing legislative, legal, general administrative, and public safety services to each of said departments. These charges shall be made against the Sewage Disposal Fund and Sewage Update Fund and shall be credited to the General Fund.
(B) Effective from and after January 1, 2018, all of the administrative charges described and authorized to be made in this chapter shall be denominated as charges for services in the General Fund rather than as payments in lieu of taxes. The Fiscal Officer is authorized and directed to account for such charges as charges for services in the General Fund and/or to make such other and further denominations or descriptions as may be necessary to comply with requirements of the State Auditor.
(Ord. 17-33, passed 12-19-2017)