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12-4-23: ANNUAL ADJUSTMENT OF CERTAIN FEES AND CHARGES:
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A. On January 1 of each year, commencing in 2018 and continuing thereafter, the amount of the following fees and charges payable to the town pursuant to Chapter shall be increased as follows:

1. On January 1, 2018 the amount of the PIF to be paid to the town pursuant to Section 12-4-3 shall be increased by an amount equal to twenty (20%) percent of the previous year's PIF. On January 1, 2019, and each year thereafter, the amount of the PIF to be paid to the town pursuant to Section 12-4-3 shall be increased by an amount equal to ten percent (10%) of the previous year's PIF. The increased PIF rate shall apply to all applications for water service that have not been fully paid by the effective date of such rate increase.

2. The amount of the in Town base user fee for all residential water users to be paid to the town pursuant to Section 12-4-11A shall be increased by an amount equal to five percent (5%) of the previous year's base user fee.

3. The amount of the excess use charge to be paid to the town pursuant to Section 12-4-11B shall be increased by an amount equal to five percent (5%) of the previous year's excess use charge.

4. Each of the in Town base user fees for all nonresidential water users to be paid to the town pursuant to Section 12-4-12A shall be increased by an amount equal to five percent (5%) of the previous year's base user fee.

5. The fee due to the town pursuant to Section 12-4-13 shall be increased by an amount equal to five percent (5%) of the previous year's fee.

6. The bulk water fee due to the town pursuant to Section 12-4-14 shall be increased by an amount equal to five percent (5%) of the previous year's bulk water fee. The connection fee and deposit required by Section 12-4-14 shall not be increased.

B. Not later than thirty (30) days after a fee or charge enumerated above is adjusted as provided the town clerk shall cause to be published a public notice setting forth the amount of the adjusted fee or charge. Such notice shall be published one time in a newspaper of general circulation in the town; provided, however, that the failure of the town clerk to cause such notice to be published shall not affect the validity of the adjustment to the fee or charge as made pursuant to this section. (Ord. 10, Series 2017; amd. Ord. 18, Series 2020)