(a) Persons installing stormwater storage facilities shall be required to pay a specified amount to the Municipal Stormwater Maintenance Fund to help defray costs of periodic inspections and maintenance expenses. The amount of the deposit shall be determined as follows:
(1) If the storage facility is to be privately owned and maintained, the deposit shall cover the cost of periodic inspections performed by Municipality for a period of ten (10) years, as estimated by the Municipal Engineer. After that period of time, inspections expenses will be assessed by Municipality on an as needed basis thereafter.
(2) If the storage facility is to be owned and maintained by Municipality, the deposit shall cover the estimated costs for maintenance and inspections for ten (10) years. The Municipal Engineer will establish the estimated costs utilizing information submitted by the applicant.
(3) The amount of the deposit to the fund shall be converted to present worth of the annual series values. The Municipal Engineer shall determine the present worth equivalents which shall be subject to the approval of the governing body.
(4) The general formula for calculating the annual inspection fee shall be as follows:
A. ITi x IR x Ni = Ici
B. ICi + ICii + … = IC
C. .25 (IC) = AC
D. IC + AC = Annual Inspection Cost
E. Where:
1. ITi = Inspection Time Per SWM BMP (Varies per BMP)
2. IR = Inspection Rate (Varies per Year)
3. Ni = Quantity of Particular SWM BMP
4. ICi = Inspection Cost for Particular SWM BMP
5. IC = Total Inspection Cost of all SWM BMPs
6. AC = Administrative Cost
(Ord. 32-2011. Passed 10-4-11.)