§ 94-163. Water and wastewater payment in lieu of franchise fee.
Latest version.
The city hereby adopts a water and wastewater payment in lieu of franchise fee applicable
to all sales of water and wastewater service by the city in an amount equal to no
less than seven and one-half percent and no greater than ten percent of the bi-monthly
rates, fees, and charges (including base facility and consumption rates) from the
sale of water and wastewater service to customers of the city's water and wastewater
system. The rate for the sale of water and the rate for wastewater service shall be
established each fiscal year and adopted concurrently with the adoption of the annual
budget for the utility. If there is no change in either rate from the current fiscal
year to the next fiscal year, the city shall reaffirm the rates by resolution. If
there is an upward or downward adjustment to either rate from the current fiscal year
to the next, the city shall adopt the change by separate ordinance. The city shall
provide public notice of the proposed action pursuant to F.S. § 166.041(3)(a). The
city's water and wastewater utility will budget and transfer to the general fund this
payment in lieu of franchise fee on a monthly basis.
