A.
An equivalent dwelling unit is defined as a unit of measurement determined by the type of real property classification used within the formula to compute the annual payment of capital costs. Capital costs shall be determined based upon a dollar amount calculated from the annual budgeted capital expenses for the Consolidated Water District multiplied by the number of equivalent dwelling units assigned to a parcel type. The Town Board shall amend, if necessary, the dollar amount and the schedule of equivalent dwelling units annually during the budget process.
B.
Operation and maintenance expenses shall be determined based upon consumption from metered water use. Out-of-Town users will be billed 1.5 times the rate of in-Town users.
[Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. I)]
C.
The Town Board shall adopt a resolution whenever necessary establishing or amending the water rates for the Town. Such resolution shall remain in full force and effect until such time as it is repealed or superseded by a subsequent resolution of the Town Board adopted pursuant to this chapter. No such resolution establishing water rates or amending the water rates duly established shall be adopted until a public hearing has been held on such resolution on at least seven days public notice. Such notice shall be accomplished by publication in a newspaper of general circulation in the Town and shall include a brief description of the rates to be established.
D.
In any such resolution establishing or amending water rates the Town Board may establish an equitable classification of users and establish different rates for the different classifications. Such classification may include separate charges for users who are located outside of the corporate limits of the Town.
E.
Connection fees are contained on a fee schedule to be approved by the Town Board.