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 Woodstock
 Code of Ordinances
 Chapter 98. UTILITIES
 Article IV. STORMWATER UTILITY

  § 98-153. Establishment of a stormwater utility and enterprise fund.  

Latest version.

  • (a)

    There is hereby established a stormwater utility within the city which shall be responsible for providing stormwater management services throughout the city limits.

    (b)

    There is hereby established a stormwater utility enterprise fund in the city budgeting and accounting systems for the purpose of dedicating and protecting all funding applicable to the purposes and responsibilities of the Woodstock Stormwater Utility, including, but not limited to, rentals, rates, charges, fees and licenses, as may be established by the city council from time to time, and other funds that may be transferred or allocated to the Woodstock Stormwater Utility. All revenues and receipts of the stormwater utility shall be placed in the stormwater utility enterprise fund, and all expenses and capital investments of the stormwater utility shall be paid from the stormwater utility enterprise fund; provided, however, that other revenues, receipts and resources not accounted for in the stormwater utility enterprise fund (i.e. from state and federal grants, bonds, revenue bonds, etc) may be applied to stormwater management services as deemed appropriate by the city council.

    (c)

    The city may pledge all or any portion of all income and revenue of any nature derived from the operation of the stormwater management systems and facilities owned by the city or owned by another political subdivision of the State of Georgia and leased to the city, including periodic stormwater service charges and other charges for stormwater service, to the payment of principal of premium, if any, and interest on any revenue bonds or other obligations lawfully issued or otherwise contracted for by the city for stormwater management services, systems, and facilities as may be provided in any resolution authorizing such bonds or obligations or in any trust instrument relating to such bonds or obligations.

    (d)

    An annual audit of the stormwater enterprise fund will be conducted to ensure that funds are properly accounted for and spent on all stormwater, operational, administrative, and capital expenses as specified in subsections 98-153(a), (b) and (c) and section 98-154.

(Ord. of 5-9-2006(2))