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ORDINANCE NO. 08-05, SECOND SERIES AN ORDINANCE AMENDING CHAPTER 15 OF THE CITY CODE RELATING TO STORM WATER MANAGEMENT REGULATIONS CITY OF PEQUOT LAKES COUNTY OF CROW WING STATE OF MINNESOTA The City Council of the City of Pequot Lakes does ordain as follows: Purpose and Intent. The purpose and intent of this ordinance amendment is to amend Chapter 15 of the Pequot Lakes City Code relating to Storm Water Management Regulations within the City of Pequot Lakes. Amendment. Chapter 15, Article 3, shall be amended as follows: Section 15-3-1. STORM WATER MANAGEMENT UTILITY 1. Establishment. A storm water management utility for the City of Pequot Lakes is hereby established. The municipal storm sewer water management system shall be operated pursuant to Minn. Stat. §444.075 from which revenues will be derived subject to the provisions of this Chapter and said Minnesota Statutes. The storm water drainage management system shall operate under the management and direction of the Roads & Streets Department, subject to direction of the City Council. Just and reasonable charges for use and availability of storm water management facilities shall be calculated and determined pursuant to the terms hereinafter contained based on expected and typical storm water run off as may be calculated within reasonable and practical limits with due regard to just and equitable charges as provided for herein. 2. Definitions. Rates and charges for the use and availability of the utility system shall be determined through the use of a residential equivalent factor (REF), defined as the ratio of the average volume of run off generated by one acre of typical single family residential land, during a two (2) inch rainfall event. Section 15-3.2. STORM WATER MANAGER ++ :NT CHARGES 1. Fees es. For the purpose of calculating storm water drainagc fees manage ;charges for parcels of land, the REF for the parcel's storm water land use classification shall be multiplied by that parcel's acreage, and then the resulting product shall be multiplied by the storm water drainage ma ement rate, or in formula format: Fee =REF x Acreage x Rate. The REF values for the various storm water land use classifications are as follows: