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0 CHAPTER 25 <br />STORM DRAINAGI: MANAGEMENT FUND <br />25.01 DEFINITIONS. <br />The following words and terms wherever they occur in this <br />Chapter shall be defined as follows: <br />(1) Area. Tile total area of the subject parcel of land <br />measured in square feet and to the centerline of any <br />abutting public streets or rights -of -way. <br />(2) Fund. The Storm Drainage Management Fund. <br />(3) owner. Any individual, firm, association, corporation, <br />syndicate, co -partnership, trust or any equitable Interest <br />est legal <br />r <br />entity having sufficient legal or <br />in the subject parcel of land to commence and maintain <br />proceeding for a building permit under Chapter 59 <br />of the Municipal Code. <br />(4) SDM Charge. The Storm Drainage Management Charge. <br />®"5.02 ESTABLISHMENT. <br />There is hereby established and created a fund, designated <br />as the "Storm Drainage Management Fund," and a charge, <br />designated as the "Storm Drainage Management Charge. A. <br />25.03 PURPOSE. <br />The purpose of the Fund is to provide for the development <br />of storm drainage facilities within the City of Mounds View. <br />There shall be deposited in the Fund all payments received <br />pursuant to the provisions of this Chapter and such other <br />monies as shall be specified from time to time by the City <br />Council. <br />25.04 APPLICABILITY. <br />Any owner or his agent, who applies for a building permit <br />under Chapter 59 of the Municipal Code, shall pay a Storm <br />Drainage Management Charge in an amount, as determined <br />hereinafter, to the Fund. <br />