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' ' - .. '. • ?? ,,,.y <br />. <br />(d) Existing Debt Service Cost Rate (EDR) <br />A proportionate rate for repayment of financing debts for <br />wastewater treatment plant improvements assumed prior to <br />January l, 1976, shall be charged to Fairview Park and <br />Olmsted Township users rec eiving wastewater service s. <br />North Olmsted users receiving wastewater services will not be <br />charged this rate as their proportionate share of the debt <br />service cost will be paid through on existing 3.0 mill pro- <br />perty tax levy to meet annual City debt service require- <br />ments. The following formula will be utilized to charge <br />Fairview park and Olmsted Township users. <br />EDR = D <br />SWC <br />Where: D= Total existing annual debt service cost for <br />payment of past improvements made to the <br />sy stem. <br />SWC = Total annual system water consymption in <br />thousand feet (MCF) <br />915.045 USER CHARGES: ANNUAL REVIEW <br />Pursuant to the provisions of 40 CFR 35.2140, the user charges <br />shall be reviewed annually to accomplish the following purposes: <br />(a) To maintain the proportionate distribution of aperation and <br />maintenance costs among users and user classes; <br />(b) To generate sufficient revenue to pay the total operation and <br />maintenance (including replacement) of the Treatment Works; <br />and <br />(c) To apply excess revenues collected from a class of users to <br />the costs of operation and maintenance attributable to that <br />class for the next year and adjust the rates accordingly. <br />Such review shall be done by the Service Director and Finance <br />Director using generally accepted accounting principles. Following <br />said annual review, a written report shall be prepared and submitted <br />to Council. The annual date for review shall be June lst of each <br />year. If rates are to be adjusted, they shall be eff ective after each <br />review on the first day of January in the year immediately proceed- <br />ing. As part of the review process, the written report shall be sub- <br />mitted to Council containing the basis upon which the Service Director <br />and Finance Director recommend adjustment of the rates established by <br />this Chapter and shall further contain the recommendation of the <br />Finance Director and Service Director concerning increase or decrease <br />in the rates. <br />-4-