There is hereby established a surtax prorated
upon the users of the water supplied by the Media Water Company.
The surtax so established shall be prorated
according to use in such a manner as to provide the revenue to meet
and pay annually a special tax imposed by the Public Utility Realty
Tax Act, including all amounts found to be due pursuant to Section
3 of said Act.
The rate of the distribution of the special
tax upon the present assessment under the Act shall be 2.5% of the charges imposed upon the users of the Media Water Company from the date of enactment until June 30, 1971; each year thereafter, the rate shall be adjusted to produce revenues in a sufficient amount, when added to any surplus funds held by the Treasurer of the Borough of Media pursuant to §
267-15 of this article, to pay the amount of tax due under said Public Utility Realty Tax Act.
The surtax shall be collected by the Treasurer
of the Borough of Media and held as a separate fund for payment to
the State Treasurer of Pennsylvania; to the extent that the funds
collected exceed the yearly tax imposed by the Public Utility Realty
Tax Act, the funds shall be used only for the payment of said tax as provided in §
267-14 of this article.
The rates and charges established herein shall
be collected in the same manner as the rates and charges for use of
said utilities. Delinquencies shall be collected in the same manner
as provided by law and by the ordinances of the Borough of Media for
the collection of water charges, including the imposition of liens
on real estate.
The surtax previously imposed under Ordinance
No. 580 upon the use and service of the Media Sewage Treatment Plant
shall be applied as a credit toward other public utility service surtaxes.