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<br /> . <br /> News Rele se Facilities Equalization Charge <br /> January 7 1991 <br /> Page 3 <br /> I <br /> what the barges should be, the fee must be collected by the two cities. <br /> According to the charter, the cities must also hold public hearings on <br /> proposed ees," Svendsen continued. In late November 1990, the MWMC <br /> 1, <br /> developed the proposed charge and made a recommendation to the cities for <br /> adoption. <br /> The WMC has not made a decision about how the funds would be used. The <br /> j revenues ould be used to reduce the property tax levy required to retire the <br /> bonds. Alternatively, the funds could be reserved to meet future obligations <br /> for audit findings, plant expansion, or equipment replacement. <br /> The ew charge is considered a systems development charge (SDC) and, as <br /> such, must conform to recently enacted state law on SDCs. For new <br /> developmen this is an interim fee that will be incorporated into the new <br /> systems de elopment charges that are scheduled to go into effect later this <br /> year. <br /> i <br /> <br />