There is hereby established a City-wide streetlighting system
for the City of Breckenridge. The City-wide streetlighting system
shall be operated as a utility under the Breckenridge Public Utility
Commission pursuant to the City Charter and applicable statutes. The
revenues shall be subject to provisions of this chapter and M.S.A.
§ 429.101.
The City Council has determined that, to promote the general
health, safety, and welfare of the citizens and residents of the City,
it is in the best interests of said citizens and residents that the
City operate and maintain a City-wide streetlighting system and further
has determined that the operation and maintenance of such a system
benefits each and every property within the City. The City Council
has therefore determined that it is fair, appropriate and reasonable
that the costs of such operation and maintenance be paid on a fair
and reasonable basis by all of the property in the City so benefited
and that cost thereof should be charged to and collected from all
such benefitted property.