There is hereby established a uniform system of stormwater service charges
that shall apply to each and every lot or parcel within the Village. It shall
be the policy to establish stormwater service charges in such amount in order
to pay for all or a part of the following costs relating to the Utility: operation
and maintenance (O&M); administrative; contributions to a replacement
and capital improvement fund; and debt service, including debt retirement,
debt service reserves and coverage requirements. The Board may establish and
modify stormwater service charges as necessary so as to assure that the charges
generate adequate revenues to pay the costs of the stormwater management program
and that costs are allocated fairly and proportionately to all parcels in
the Village.
Stormwater service charges may include the following components:
A. User charge. A user charge may be imposed on all property
that has impervious surface area. The charge to each parcel shall be based
upon the number of ERUs assigned to the parcel. The user charge for each parcel
shall be equal to the product of the user charge rate in terms of dollars
per ERU and the number of ERU's assigned to the parcel.
B. Special charge. A special charge may be imposed on property
that is in an area specially benefited by a particular stormwater management
facility. This charge will be developed to reflect the benefits in a particular
area that may not be appropriate to allocate to property throughout the Village.
C. All stormwater service charge rates shall be established
from time to time by resolution of the Village Board and set forth in a Stormwater
Utility Rate Table attached thereto.
The amount of the charge to be imposed for each classification shall
be made by resolution of the Village Board. The current rates will be set
forth in a Stormwater Utility Rate Table and kept on file in the office of
the Village Clerk. The rates shall be reviewed by the Village Board on an
annual basis and adjusted as necessary.