[R.O. 2003 §700.300; Ord. No. 612, 1-6-2000]
The term "water utility," as used in this Chapter, shall mean the City's department that is authorized to furnish water service within the City.
[R.O. 2003 §700.310; Ord. No. 612, 1-6-2000; Ord. No. 733, 7-7-2005]
Each year, the City may transfer an amount from the City's Proprietary Fund (combined water and sewer revenue) to the General Fund representing the amount necessary to offset the City's administrative costs, expenses and other fees. The transfer shall not exceed seven and five-tenths percent (7.5%) of the combined water and sewer system billings. If more than seven and five-tenths percent (7.5%) is required to be transferred, then the combined water and sewer rates shall be adjusted to reflect the increase if such rate adjustment is allowed by any outstanding bonds or other indebtedness.
[R.O. 2003 §700.320; Ord. No. 612, 1-6-2000]
After establishing the amount of the transfer, the City shall calculate the percentage of impact the transfer will have on each customer's water bill. The percentage amount shall be disclosed on each monthly bill to inform customers of the percentage of transfer.
[R.O. 2003 §700.330; Ord. No. 612, 1-6-2000]
The payment in lieu of a franchise fee established in this Article shall be in lieu of any other franchise fees or taxes, applicable to the retail sale of water by the City, other than specific fees (i.e., hookup fees, late charges, etc.). No new fees or taxes shall be established so long as this Article is in force.