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1010.14 Surface Water Management Utility. Subd. 1 General Operation. The municipal surface storm water runoff system shall be operated as a public utility, hereinafter called the "surface water management utility," pursuant to M.S. § 444.075, as amended from time to time, from which revenues will be derived subject to the provisions of this chapter and Minnesota Statutes. Subd.2 Definitions. A. The words "Quarterly Surface Water Management Budget" shall mean the estimated quarterly expenditures for planning and inventories, capital expenditures, personnel and equipment and operation of the surface water utility, in accordance with established City policy. This budget shall be established from time to time by City Council resolution. B. The words "Surface Water Management Fee" shall mean the quarterly charge developed for each parcel of land pursuant to City regulations and zoning classifications and shall be established by Ordinance adopted by the Council. C. The words "Utility Factor" shall mean the ratio of runoff volume, in inches, for a particular land use,to the runoff volume, in inches, for a 1/3 -acre residential lot, assuming a two-inch rainfall and soil conservation service, or (SCS), "Type B" soil conditions. Subd. 3 Establishment of Fees. Surface water management fees shall be established by Ordinance adopted by the Council. The following steps shall be taken to determine the quarterly fee to be charged to each property: A. A calculation shall be made of the total area, in acres, of all zoned property within the City. B. A determination shall be made whether each individual property within these zoning classifications is developed or undeveloped. C. The total number of developed acres of property within these zoning classifications shall be calculated. D. The total acreage of developed property zoned as R-1, single family residential, shall be divided by the total acreage calculated in Step C. This yields the percentage of total developed property that is zoned R-1. E. The City Council shall establish, by resolution, the quarterly budget for the revenue to be generated. F. The portion of the quarterly budget to be charged against properties zoned R-1 shall be calculated by multiplying the percentage found in Step D. by the budge amount in Step E. G. The rate per acre for property zoned R-1 shall be calculated by dividing the revenue for R-1 properties in Step F,by the total acreage of developed properties