Fayette Rate Schedule ordinance (§ 705.300)

A. Rate schedules for water and water service are fixed by the owner. The rate schedule is subject to change by action of the owner, with the approval of the State Director of the USDA, Rural Development, so long as the owner has unpaid obligations which are held or insured by the United States of America. If a provision of the rules and regulations conflicts with the provision of the rate schedule, the provision of the rate schedule shall prevail. If the total amount of revenue and income derived from the collection of the water rates is insufficient to meet the payment of the costs of operation, maintenance, depreciation, necessary extensions and enlargements and payment of the principal and interest on any general and special obligation bonds, then outstanding with their attendant obligations pursuant to the obligation bonds, then outstanding with their attendant obligations pursuant to the terms of the bonds and the authorizing resolutions, the owner shall increase the water rates for the first month thereafter in an amount sufficient to meet these costs and obligations.

B. The owner may require, at its discretion, for meters to be ready by the water users and readings reported to the owner.

C. The minimum rate for each dwelling unit shall be:

1. Beginning January 1, 2024, a minimum rate of $25.00 for each dwelling unit plus $11.23 for each one thousand (1,000) gallons per month used or any fraction thereof.

2. Beginning January 1, 2024, for property outside the City limits, a minimum rate of $32.00 for each dwelling unit plus $12.31 for each one thousand (1,000) gallons per month used or any fraction thereof.

3. Beginning January 1, 2025, and each subsequent January 1 thereafter, the minimum rate and the additional use rate shall increase five percent (5%) per annum.