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STOR.YI WATER NIANAGEN E\T FLIND M, TNUE COWN ENTARY <br />A Storm Water Management Fund was established. pursuant to Chapter 25 of the City <br />Code, to provide for the preservation and improvement of storm water drainage facilities <br />within the City of Mounds Yew. Am, person who applies for a building permit and <br />whose land the City Engineer determines contributes storm water to the City storm <br />water drainage system shall pay a storm water management charge as determined by <br />applicable provisions of the City Code. Storm Water Manamment Charges shall be used <br />only for expenses incurred in the design. construction, preservation, or improvement of <br />City storm water management systems. Those expenses shall include, but shall not be <br />Limited to, acquisition of land, wetlands and easements, construction of water quality <br />control improvements, preservation of wetlands and retirement of debt issued in <br />connection with storm water management system improvements. <br />During 1993 it is estimated that the Fund will receive S4,500 in connection charges and <br />earn 53.500 in interest income. Approximately 539,031 of fund balance will be used for <br />1993 expenditures. <br />