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CHAPTER 15 — UTILITIES <br /> ARTICLE 3. STORM ATER MANAGEMENT <br /> REGULATIONS <br /> Section 15-3-1. STORM WATER MANAGEMENT <br /> UTILITY <br /> 1. Establishment. A storm water management utility <br /> for the City of Pequot Lakes is hereby established. The municipal storm sewer <br /> water management system shall be operated pursuant to Minn. Stat. §444.075 <br /> from which revenues will be derived subject to the provisions of this Chapter and <br /> said Minnesota stattitesStatutes. The storm water drainage-management system <br /> shall operate under the management and direction of the Roads & Streets <br /> Department, subject to direction of the City Council. Just and reasonable charges <br /> for use and availability of storm water management facilities <br /> facilities faeilities shall be calculated and determined pursuant to the terms hereinafter <br /> contained based on expected and typical storm water run off as may be calculated <br /> within reasonable and practical limits with due regard to just and equitable <br /> charges as provided for herein. <br /> 2. Definitions. Rates and charges for the use and availability of the utility <br /> system shall be determined through the use of a residential equivalent factor <br /> (REF), defined as the ratio of the average volume of run off generated by one acre <br /> of typical single family residential land, during a two (2) inch rainfall event. <br /> Section 15-3.2. STORM WATER MANAGEMENT FEESCHARGES <br /> 1. Fees. For the purpose of calculating storm water drainage-management <br /> fees charges for parcels of land, the REF for the parcel's storm water land use <br /> classification shall be multiplied by that parcel's acreage, and then the resulting <br /> product shall be multiplied by the storm water drainage-management rate, or in <br /> formula format: Fee = REF x Acreage x Rate. The REF values for the various <br /> storm water land use classifications are as follows: <br /> CLASS STORM WATER LAND USE CLASSIFICATIONS REF <br /> 1. Vacant .20 <br /> 2. Residential 1.0 <br /> 3. Light Density, Commercial, Industrial, Institutional 1.6 <br /> 34. Medium Density, Commercial, Industrial, Institutional 2.3 <br /> 45. Heavy Density Commercial, Industrial & Institutional 4.0 <br /> For the purpose of calculating storm water drainage-management <br /> feescharage, actual acreage shall be used except for those parcels having a storm <br /> water land use classification of"Residential". As "Residential" parcels are the <br />