An annual benefit assessment will be levied on all properties
within the sewer district for the payment of capital costs for the
POTW representing principal and interest. Each tax parcel will be
assessed separately. The benefit assessment will be billed to the
owner.
An annual sewer rent for the payment of operation and maintenance
costs will be assessed on all properties that are connected to the
sewerage system. In the case of residential properties, each dwelling
unit in a multifamily dwelling will constitute a separate sewer account.
In the case of commercial property, each occupant of a multitenant
building will constitute a separate sewer account. All accounts will
be billed to the owner.
The billing period shall be annual.
The POTW shall be operated on the basis of a fiscal year commencing
on the first day of January and ending on the 31st day of December.
The Town of Inlet shall maintain and keep proper books of records
and accounts for the POTW, separate from all other records and accounts,
in which shall be made full and correct entries of all transactions
relating to the POTW. The Town of Inlet will cause an annual audit
of such books of record and account for the preceding fiscal year
to be made by a recognized independent certified public accountant,
and will supply such audit report to authorized officials, and the
public, on request. In conjunction with the audit, there shall be
an annual review of the sewer charge system to determine if it is
adequate to meet expenditures for all programs for the coming year.
Classification of old and new industrial users should also be reviewed
annually.
The Town of Inlet shall maintain and carry insurance on all
physical properties of the sewer district. All moneys received for
losses under any such insurance policies shall be applied solely to
the replacement and restoration of the property damaged or destroyed.