[Ord. No. 1132 § 1, 8-19-2013]
A.
There shall be transferred monthly from the sewer utility account
to the General Revenue Fund of the Town, an amount equal to five percent
(5%) of the monthly gross receipts of sewer service which shall become
a part of the general funds of the Town to be used for any and all
general purposes.
B.
The purpose of this monthly transfer is to take the place of the
franchise tax and general property tax that would be paid to the Town
if such utility was operated by a private company.
C.
This transfer amount shall be paid on receipts from all customers,
except that the Town Council, by resolution duly adopted, may exclude
receipts from designated industrial customers for an agreed time period
as a part of an industrial development incentive package for such
customer to relocate to or expand operations in the Town.
[Ord. No. 1132 § 2, 8-19-2013]
The Town Sewer Department shall be entitled to no credits against
such transfer, and, in addition to such transfer, the Town Sewer Department
shall provide reasonable utility services without charge to all departments
of the Town.
[Ord. No. 1132 § 3, 8-19-2013]
Such transfer amount in lieu of tax payment shall be applied
to the monthly bills for the sewer service beginning on or after August
2013.
[Ord. No. 1132 § 4, 8-19-2013]
The transfer payment to the Town General Fund shall be paid
by the 20th day of each month commencing August 2013.
[Ord. No. 1133 Art. II, 8-19-2013]
A.
The Board of Public Works will budget and transfer monthly from the
public utility accounts to the General Revenue Fund of the Town an
amount equal to five percent (5%) of the monthly gross receipts of
water service and electric service sales which funds shall become
a part of the general funds of the Town to be used for any and all
general purposes.
B.
The purpose of this monthly transfer is to take the place of the
franchise tax and general property tax that would be paid to the Town
if such utilities were operated by private companies.
C.
This transfer amount shall be paid on receipts from all customers,
except that the Town Council, by resolution duly adopted, may exclude
receipts from designated industrial customers for an agreed time period
as a part of an industrial development incentive package for such
customer to relocate to or expand operations in the Town.
[Ord. No. 1133 Art. II, 8-19-2013]
The Board of Public Works shall be entitled to no credits against
such transfer, and, in addition to such transfer, the Board of Public
Works shall provide reasonable utility services without charge to
all departments of the Town.
[Ord. No. 1133 Art. II, 8-19-2013]
Such transfer amount in lieu of tax payment shall be applied
to the water, electric, and sewer monthly bills for the service on
or after August 2013.
[Ord. No. 1133 Art. II, 8-19-2013]
The transfer payment to the Town General Fund shall be paid
by the 20th day of each month commencing August 2013.
