§ 15-109. Stormwater utility special revenue funds.

(a)

A stormwater management utility special revenue fund (the "fund") account into which all revenues from stormwater management utility fees, connection charges, grants, or other funding sources shall be deposited and from which all expenditures related to the stormwater management utility shall be paid, is hereby established.

(b)

Accounting and reporting procedures shall be consistent with the General Law of Florida. Expenditures from the fund for activities that are not related to the village stormwater management utility shall not be permitted, except for a prorated charge for general government services as is in effect for other village utility operations.

(c)

The monies within the fund shall be used for the exclusive use of the village's stormwater management utility, including but not limited to the following:

(1)

Stormwater management services, such as studies, design, permit review, planned preparation, and development review;

(2)

Operation, maintenance, repair, and replacement of the stormwater collection, storage, treatment, and conveyance infrastructure;

(3)

Project cost related to constructing major or minor structural improvements to the stormwater-related infrastructure as provided in any village stormwater management plan;

(4)

Administrative costs associated with the management of the stormwater management utility fee;

(5)

Debt service financing of stormwater-related capital improvements defined in any village stormwater management plan including village's pro rata share of the Miami-Dade County Stormwater Utility Revenue Bond Series 1999 and Series 2004; and

(6)

Funding of any studies, including water quantity and quality monitoring aerial photography and geotechnical work associated with the planning of stormwater-related infrastructure.

(Ord. No. 06-07, § 2(.9), 5-1-2006)