Ordinance 1994-1168 - Laserfiche WebLink

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WHEREAS, the City Council considers it to be in the best interests of the City that the City's wastewater and sewerage activity enterprise be designated as an enterprise. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Definitions. As used in this ordinance, unless the context otherwise requires: (a) "Grant" means the cash payment of public funds made directly to a municipal activity enterprise by the state or a local governmental entity or district, including the City of Louisville, which cash payment is not required to be repaid. "Grant" does not include public funds paid or advanced to a municipal activity enterprise by the state or local governmental entity or district, including the City of Louisville, in exchange for an agreement by a municipal activity enterprise to provide service including the collection and treatment of wastewater, the capacity of project works, materials, or other wastewater activities; nor does "grant" include refunds made in the current or next fiscal year, gifts, any payments directly or indirectly from federal funds or earnings on federal funds, collections from another government, pension contributions by employees and pension fund earnings, reserve transfers or expenditures, damage awards, or property sales. (b) "Wastewater activity" includes but is not limited to the diversion, storage, carriage, delivery, distribution, collection, treatment, use, reuse, augmentation, exchange, or discharge of wastewater and includes the provision of wholesale or retail wastewater and sewer services. (c) "Wastewater Activity Enterprise" means that wastewater activity business wholly owned by the City of Louisville which receives under ten percent of its annual revenues in grants from all Colorado state and local governments combined and which is authorized to issue its own revenue bonds pursuant to this ordinance or any other applicable law. (d) "District" shall have the meaning set forth ln Section 37-45.1-102, C.R.S., as amended. Section 2. Establishment of Enterprise. There is hereby recognized, established and designated the "City of Louisville Wastewater Activity Enterprise" (the "Enterprise"). The Enterprise shall consist of the business represented by all of the City's wastewater and sewer facilities and properties, now owned or hereafter acquired, whether situated within or without the City boundaries, including all present or future improvements, extensions, enlargements, betterment, replacements, or additions thereof or thereto. The monies in the City's sewer fund shall constitute the funds of the Enterprise. The Enterprise shall have 2