Page 315 - Hurst FY19 Approved Budget
P. 315
done on a frequency of not less than every three years, and shall be increased annually
between such analysis based on growth factors that approximate the consumer price
index.
10. The City shall pay to the General Fund an amount for the rental of streets equal to the
same amount that would be realized by the City if the Water and Wastewater Enterprise
Fund was held and operated by a private utility under franchise by the City. The Street
Rental Fee shall be computed at 5% of the water and wastewater retail sales.
11. The City shall formulate a capital improvement plan (CIP) each year that looks
forward no less than three years. This CIP will include both system expansion projects
and projects that rehabilitate or replace portions of the utility system.
298
