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The acquisition, construction, installation, operation, and maintenance of facilities and land for stormwater systems may be financed through:

(1) Proceeds of special taxing districts bonds of the stormwater district;

(2) The assumption of liability incurred to construct the stormwater system being acquired;

(3) Service rates;

(4) Revenue bonds; and

(5) Any other available funds.

The Board of Directors, after approval by the Town Council, may assess and collect user fees from all of the property of the stormwater district for the operation and maintenance of the stormwater system.

(Ord. No. 0856, 1-14-91; Ord. No. 1748, § 5, 12-7-21)