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<br /> NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE <br /> CITY OF LOUISVILLE, COLORADO: <br /> Section 1. Incorporation. The foregoing recitals are incorporated herein as findings <br /> of the City Council. <br /> Section 2. Subsection (b) of Section 2, Definitions, of Ordinance No. 1412, Series <br /> 2003, is hereby amended to read in full as follows (words added are underlined; words deleted <br /> are stricken though): <br /> (b) "Water and wastewater activity" includes but is not limited to the <br /> diversion, storage, carriage, delivery, distribution, collection, treatment, use, <br /> reuse, augmentation, exchange, or discharge of water or wastewater (including but <br /> not limited to sewage, aad liquid industrial waste, and storm, flood or surface <br /> drainage waters), or both, and including the provision of wholesale or retail water <br /> or wastewater or stormwater services and the acquisition of water or water rights. <br /> Section 3. The second sentence Section 2, Establishment of Enterprise, of Ordinance <br /> No. 1412, Series 2003, is hereby amended to read in full as follows (words added are underlined; <br /> words deleted are stricken though): <br /> "The Enterprise shall consist of the business represented by all of the <br /> City's water, v/astewater and sewer facilities and properties of the City's water <br /> and wastewater activities, now owned or hereafter acquired, whether situated <br /> within or without the City boundaries, including all present or future <br /> improvements, extensions, enlargements, betterment, replacements, or additions <br /> thereof or thereto, and including without limitation all facilities, properties and <br /> equipment utilized in the provision of water or wastewater or stormwater services. <br /> Section 4. Commencing fiscal year 2007, a stormwater activity account within the <br /> Water and Wastewater Activity Enterprise Fund shall be established to account for all revenues <br /> and expenditures ofthe stormwater activities of the City. <br /> Section 5. All other ordinances or portions thereof inconsistent or conflicting with <br /> this ordinance or any portion hereof are hereby repealed to the extent of such inconsistency or <br /> conflict. Such repealer is subject to the provisions of Sections 6 ofthis ordinance. <br /> Section 6. The repeal or modification of any provision of the Municipal Code or <br /> other previously adopted ordinance of the City of Louisville shall not be construed to adversely <br /> affect or impair any contract entered into by the Water and Wastewater Activity Enterprise prior <br /> to the effective date of this ordinance. <br /> Section 7. The repeal or modification of any provision of the Municipal Code or <br /> other previously adopted ordinance of the City of Louisville by this ordinance shall not release, <br /> 2 <br />