ORDINANCES & RESOLUTIONS 1982 - Laserfiche WebLink

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I /, ORDINANCE NO, ~ , 1982 AN ORDINANCE ESTABLISHING AN AlffiNDED SCHEDULE OF RATES AND CLASSIFICATIONS OF RATES AND CHARGES TO BE COLLECTED BY THE TOWN OF MOORESVILI.E, INDJ ANA, FROH THE OWNERS OF PROPERTIES SERVED BY THE SEWAGE TREATMENT WORKS OF THE TOWN OF MOORESVILLE, INDIANA, AND OTHER HATTERS CONNECTED THEREWITH WHEREAS, the TOHn of Mooresville, Indiana, has heretofore constructed and has in operation, a sewage treatment works system for the purpose of collecUng sewage and conveying the same aW8Y from the premises where produced; and WHEREAS, the revenues presently received from the existing schedule of rates and charges, collected by the Town of Hooresvi lIe have been found to be insufficient by a det8iled rate study and analysis made by H, .1. Umbaußh & Associates, certified public account8nts in order for the said utility to pay principal and interest on the revenue bonds now outst8nding and to meet the current levels of costs, operation and maintenance of said sewage treatment works, the Board of Trustees of the Town of Hooresville, Indiana, no",' find that the rates and charßes t:o be collected for the use of and service rendered by such sewage treatment works be fixed by an amended ordinance, finally adopted after due notice and plilili¿ hearing, and authorizes the collection of rates, charges, so as to produce sufficient revenue to pay all the legal and other necessary expense incident to the operation of the sewage treatment: works system, including maintenance costs, operating charges, upkeep, repairs, interest charges on bonds or other obligations; to provide a sinking fund for liquidation of present bonds, and bonds to he issued for the expansion of the sewage treatment works, or other evidences of indebtedness; and reserves against the default in the payment of interest and principal bonds; to provide adequate funds to be used as working capital, as well as funds for making improvements, additions, extensions and replacements, it being the intent and purpciJse thereof that such rates and cha,rges shall produce sufficient and equitable income sufficient to maintain the sewage treatment works in a sound physical and financial condition, to render adequate and efficient service, now, therefore, "