Section 16-20-1. Establishment of Water Activity Enterprise. A Water Activity Enterprise is hereby established and formally recognized for the purpose of performing or continuing water activities, as that term is defined in Sec. 37-45.1-102(3), C.R.S., as amended, including the acquisition of water rights, the provision of water and wastewater services and the construction, operation, maintenance, repair and replacement of water and wastewater facilities. The Water Activity Enterprise shall be known as the City of Northglenn Water Activity Enterprise (the "Enterprise").
[Source: Ord. 1114, 1994]
Section 16-20-2. Statement of Qualification. The City and only the City owns the Enterprise; the Enterprise receives less than ten percent of its annual revenues in grants from all Colorado state and local governments combined and the Enterprise is authorized to issue its own revenue bonds pursuant to Sec. 37-45.1-104, C.R.S. The Enterprise is exempt from the provisions of Article X, Section 20 of the Colorado Constitution.
[Source: Ord. 1114, 1994]
Section 16-20-3. Governing Body. The governing body of the enterprise shall be the Northglenn City Council.
[Source: Ord. 1268, 2000]
Section 16-20-4. Powers of the Enterprise. The Enterprise has all the authority, powers, rights, obligations, and duties as may be provided or permitted by the Act, the Colorado Constitution, and this Ordinance and any further ordinances defining the scope of its authority. The Enterprise is authorized to receive and hold in trust certain assets of the City, including all water and wastewater facilities of the City, whether situated within or without the City boundaries, including all present or future improvements, extensions, enlargements, betterments, replacements or additions thereto. Such transfers in trust shall not be deemed grants. The Enterprise is authorized to exercise the City's authority, powers, rights, and duties related to the operation and maintenance of such water and wastewater facilities and to the provision of water and wastewater services to the City. The Enterprise has no authority to levy a tax which is subject to Article X, Section 2094) of the Colorado Constitution, although the City may levy a tax on its behalf.
[Source: Ord. 1114, 1994]
Section 16-20-5. Revenues. The Enterprise is authorized to prescribe, revise and collect, in advance or otherwise, fees, rates, tolls, penalties or charges, or any combination thereof, for services, programs or facilities provided to any consumer or any owner or occupant of any real property connected or to be connected to the water and wastewater facilities, or receiving service therefrom, without regulation by any other entity except the City Council. It is also authorized to receive grants, as that term is defined in Sec. 37-45.1-102, C.R.S., in an amount less than ten percent of the Enterprise's annual revenues.
[Source: Ord. 1114, 1994]
Section 16-20-6. Ratification and Approval of Prior Actions. All actions heretofore taken by the City Council not inconsistent with the provisions of this Ordinance are hereby ratified, approved and confirmed.
[Source: Ord. 1114, 1994]