A. The function of the Stormwater Managemetn and Drainage systems Utility [hereinafter referred to a "stormwater utility" is to provide for the safe and efficient capture of stormwater runoff, mitigate the damaging effects of stormwater runoff, correction of stormwater problems, to fund activities of stormwater management, and include design, planning, regulations, education, coordination, construction, operations, maintenance, inspection, and enforcement activities.
B. There is hereby established a stormwater utility within the City of West Liberty, Iowa which shall be responsible for creating revenue for stormwater management throughout the City's corporate limits, and shall provide for the management, protection, control, regulation, use, and enhancement of stormwater systems and facilities. The corporate limits of the City, as increased from time to time, shall constitue the boundaries of the stormwater utility district.
C. The City shall establish a Stormwater Utility Fund in the City budget and accounting system, separate and apart from tis General Fund, for the purpose of dedicating and protecting all funding applicable to the purposes and responsibilities of the utility.