13.36.050 Determination of Fee Amount.
This section is included in your selections.
(A) Methodology. The Fee shall be determined by (1) calculating the cost of the potable water system, including principal and interest needed to reimburse the City in full for its water and sewer revenue bond payments; (2) determining the land area in acres, within the Area excluding right-of-way; and (3) dividing the total principal and interest costs by the acreage, excluding right-of-way, within the Area.
(B) Calculation.
(x) = Principal and interest cost of Potable Water System.
(y) = acres within Area, excluding right-of-way.
(F) = Fee per acre.
(A) = Acres to be served by property owner by petition.
(T) – Total Fee per property.
(x) / (y)= (F)
(F) x (A) = (T) (Ord. 09-66 § 1, 2009.)