§ 10.08.01. Debt service surcharge.

A.

All sewer customers of the system (including sewer customers who receive water from sources other than the system and occupants of mobile homes and apartments which have no separate water meter) shall be charged a monthly fee (the "debt service surcharge") to be used solely for the retirement of an issue of sewer revenue bonds in the principal amount of four million five hundred thousand dollars ($4,500,000.00) (the "series 1998 bonds"). The debt service surcharge will be paid by all sewer customers regardless of the amount of water used or wastewater discharges. All revenues derived from the debt service surcharge shall be used solely for payment of debt service (principal, interest, and trustee fees and expenses) of the 1998 bonds.

B.

The debt service surcharge for each mobile home, with or without a separate water meter, shall be $8.95.

C.

The debt service surcharge for each apartment or residential dwelling unit, with or without a separate water meter, shall be $8.95.

D.

A monthly debt service surcharge for each new residential dwelling unit of any type, with or without a separate water meter, shall be $8.95.

E.

The monthly debt service surcharge for health care facilities shall be based on meter size.

F.

The monthly debt service surcharge for state funded facilities shall be based on meter size.

G.

The debt service surcharge for commercial establishments shall be based on meter size. Any additional unit without a separate water meter shall be $8.95.

H.

The debt service surcharge for all other sewer customers will be based on meter size, as follows:

Meter Size	Debt Service Surcharge
5/8 " × ¾"	$8.95
¾"	8.95
1"	30.00
1½"	60.00
2"	95.00
3"	190.00
4"	300.00
6"	600.00

 

( Ord. No. 2006-2, § 1 )