[Adopted 12-20-2000 by L.L. No. 9-2000 (Ch. 204, Art. VIIA,
of the 1987 Code)]
This article shall be known as and may be cited as "Water District
No. 7 Capital Charge Ordinance"; its purpose is to establish and regulate
the collection of charges for the capital cost of the facilities of
Water District No. 7.
As used in this article, the following terms shall have the
meanings indicated:
Includes all cost and charges expended by Water District
No. 7 in the construction of the facilities, including interest on
its bonded indebtedness.
Includes the distribution system, fire hydrants and other
water main appurtenances.
Includes individuals, firms, partnerships, companies, corporations,
associations or any legal entity.
Includes all properties physically situate within the territorial
limits of North Castle Water District No. 7.
Effective upon the adoption of this article, the basis of the
assessments for the capital costs of Water District No. 7 shall be
determined by the following formula. The annual cost to the properties
in the Water District shall be calculated by taking the mean of the
figure computed in each of the two factors (A and B) as hereinafter
set forth:
|
Factor A - Population Serviced
| ||||
|---|---|---|---|---|
|
Single-family residence
|
3.6 persons/home
| |||
|
Schools
|
Total of students and faculty
| |||
|
Office
|
1 person per 300 square feet
| |||
|
Retail
|
1 person per 150 square feet
| |||
|
Factor B - Assessed Value
| ||||
|---|---|---|---|---|
|
Computed on the basis of the assessed valuation of each property,
i.e., on an ad valorem basis.
| ||||
|
Computation:
| ||||
|
Individual Property
|
x
|
Annual Debt Reduction
2
|
=
|
$______________
|
|
Population
| ||||
|
Total District Population
| ||||
|
Individual Property Assessment
|
x
|
Annual Debt Reduction
2
|
=
|
$______________
|
|
Total Water District Assessment
| ||||
|
Total
|
$______________
| |||
