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Ordinance No. 80-77-17 v 11/ ORDINANCE NO. 80-77-17 AN ORDINANCE, AMENDING CHAPTER 27, CODE OF THE CITY OF ATLANTIC BEACH, FLORIDA, ENTITLED 'WATER SUPPLY"; ESTABLISHING RESIDENTIAL AND COMMERCIAL WATER SUPPLY CHARGES; PROVIDING FOR THE INVESTMENT OF FUNDS; REPEALING ORDINANCES AND RESOLU- TIONS IN CONFLICT HEREWITH; PROVIDING AN EFFECTIVE DATE. BE IT ENACTED BY THE PEOPLE OF THE CITY OF ATLANTIC BEACH, FLORIDA: SECTION 1. For the purpose of this Ordinance, fixture units are established as the measurement of water demand for each water fixture installed and connected to the City water system. Fixture units are assigned by the City Plumbing Code. The water supply charge is hereby fixed at $10.00 per fixture unit connected to the City water system after enactment of this Ordinance. SECTION 2. The City Treasurer is hereby directed to receive such connection charge and cause same to be invested in interest-bearing securities that are most advantageous to the City's interest. Such securities shall be entitled 'City of Atlantic Beach, Water Fund." The sole purpose of such "Water Fund" shall be used for capital improvements to the water plant and supply system. SECTION 3. Ordinances, parts of Ordinances and Resolutions in conflict herewith are hereby repealed. SECTION 4. This Ordinance shall become effective immediately upon its passage on final reading. 4011 *************-******-* Passed by the City Commission on first reading on April 25, , 1977. Passed by the City Commission on second reading on May 9, , 1977. Passed by the City Commission on third and final reading on May 23, , 1977. ATTEST: (SEAL) ad //ff •1_ , Adelaide R. Tucker, City Clerk