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(t) Disposition of Moneys. All charges collected pursuant to the provisions of <br />this section shall be paid over as received to the Director of Finance for deposit in the <br />Sewer Revenue Fund. Subject to the provisions of any ordinance or indenture of <br />mortgage authorizing the issuance of and securing mortgage revenue bonds for the <br />sanitary sewer system, moneys in such Fund shall be used for the payment of the cost and <br />expense of operation, maintenance, repair and management of the system and for the <br />payment of debt and other charges on bonds, notes and other obligations issued or <br />incurred for the construction of or improvements to the system, and any surplus in the <br />Fund, over and above the requirements hereinbefore mentioned, may be used for <br />enlargements of and replacements to the System and parts thereof." <br />BE AND THE SAME IS HEREBY AMENDED, AND AS AMENDED SHALL <br />READ AS FOLLOWS: <br />"911.09 SEWERS CONNECTIONS: TAP-IN PERMIT, FEE AND PENALT'Y. <br />(a) Tap-In Charge Required. From and after January l, 1972, no person, <br />corporation, public agency, partnership or association whatsoever shall connect, or cause <br />to be connected, any building or other structure in the City either directly or indirectly <br />with the municipal sanitary sewerage system for the purpose of discharging sanitary <br />sewerage or industrial waste therefrom without first securing from the Service Director a <br />pernut for such purpose in a form prescribed by the Director and without first paying a <br />tap-in charge deternuned in accordance with the provision of subsection (b) hereof. <br />(b) Schedule of Tap-In Charges Based on Benefited Units. The Service Director <br />shall not issue a permit for the purpose described in subsection (a) hereof until the <br />applicant therefor has paid a tap-in charge to be determined in accordance with the <br />following: <br />If Permit Obtained From: <br />From September 1, 1994 to June 30, 1995 <br />From July l, 1995 to June 30, 1998 <br />Benefited Unit of One <br />Property in City <br />of North Olmsted <br />or City of Fairview Property in <br />Park Olmsted Township <br />$,1000.00 $1,675.00 <br />Tap-in charge to increase ten percent <br />(10%) rounded to nearest dollar, on July <br />1 of each year to July l, 1998. <br />From July, 1998 and thereafter <br />Maintain tap-in charge of July l, 1998 <br />Such incremental charges are designed to offset in part the interest costs incurred by the <br />City in issuing notes and bonds and the loan from the Ohio Water Development Authority