Waste Revenue Sewer Offset Ordinance Proposed Enactment

Shall the Village of Honor adopt a Waste Revenue Sewer Offset Ordinance (“Ordinance”) including the terms summarized below: Section 1. Title and Purpose The purpose of this Ordinance is to reduce sewer utility charges on residential/Business customers by allocating net revenues derived from municipal solid waste collection services to offset sewer system costs. Section 2. Definitions This Section defines terms in the Ordinance. Section 3. Establishment Sewer Offset Fund A Sewer Offset Fund is established consisting of Net Waste Revenue which shall be used to offset sewer utility charges. Section 4. Allocation of Net Waste Revenue On at least a quarterly basis, the Village shall transfer Net Waste Revenue into the Sewer Offset Fund and annually the Village Council shall determine, as part of the budget process, the portion of Net Waste Revenue to be applied toward sewer rate offsets. Sewer Rate Offset Revenue from the Sewer Offset Fund shall offset sewer utility charges. Section 6. Limitations Nothing in this Ordinance shall be construed to violate Michigan law or impair any contractual obligations, including bond covenants, or prevent the Village from adjusting sewer rates as necessary to maintain the financial integrity of the Sewer Utility. Section 7. Administration The Village President or/Designated Official shall administer this Ordinance and may promulgate applicable administrative rules. Section 8. Severability If any provision of this Ordinance is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect. Section 9. Effective Date This Ordinance shall take effect on the date following adoption and publication as required by law.