The basis for computations of the charge for stormwater services
to lots and parcels of land within the City is established under this
section. The amount of charge to be imposed, the establishment of
formulas for the calculation of charges, the creation of customer
classifications for the imposition of charges, and changes in such
charges, formulas and customer classifications shall be consistent
with this section. Each year the Common Council shall determine the
value of one ERU based upon the applicable year's adopted City Budget
and this section, and shall certify such value to the City Clerk/Treasurer
and Common Council. All charges established pursuant to this section
shall be fair and reasonable. A schedule of current charges shall
be maintained and on file in the Department of Public Works.