Chapter 4.06
ALLOCATION OF REVENUES FROM SALE OF WATER

Sections:

4.06.010    Allocation of revenues from bulk sales of water.

4.06.020    Allocation of revenues from sales of raw water at Sawmill Cove Industrial Park.

4.06.025    Allocation of revenues from sales of water at Sawmill Cove Industrial Park subject to the agreement to convey with Alaska Pulp Corporation.

4.06.030    Allocation of revenues from sales of treated water at Sawmill Cove Industrial Park.

4.06.010 Allocation of revenues from bulk sales of water.

Twenty-five percent of the revenues received by Sitka from bulk sales of water shall be deposited into the general fund. Half of the remainder of the revenues received by Sitka from bulk sales of water shall be deposited into the electric fund, and the other half of the remainder of the revenues received by Sitka from bulk sales of water shall be deposited into the water fund. This section does not apply to sales of water at Sawmill Cove Industrial Park. (Ord. 00-1582 § 4A (part), 2000.)

4.06.020 Allocation of revenues from sales of raw water at Sawmill Cove Industrial Park.

For five years starting on the effective date of the ordinance codified in this chapter, fifty percent of the revenues received by Sitka from the sales of raw water at Sawmill Cove Industrial Park shall be deposited into the Sawmill Cove Industrial Park enterprise fund and the remaining fifty percent of such revenues shall be deposited into the water fund. Upon the passage of five years the revenues received by Sitka from the sales of raw water at Sawmill Cove Industrial Park shall be deposited equally into the general fund, the electric fund, the water fund, and the Sawmill Cove Industrial Park enterprise fund. (Ord. 00-1582 § 4A (part), 2000.)

4.06.025 Allocation of revenues from sales of water at Sawmill Cove Industrial Park subject to the agreement to convey with Alaska Pulp Corporation.

Notwithstanding any other provision of law, fifty percent of the revenues received before April 6, 2009 from sales of raw water subject to Section 9 of the Agreement to Convey between Sitka and Alaska Pulp Corporation shall be paid to Alaska Pulp Corporation. Seventy-five percent of the remainder of the revenues described in the previous sentence shall be deposited in the Sawmill Cove Industrial Park enterprise fund, and twenty-five percent shall be deposited in the general fund. This section shall sunset and be of no further force and effect on April 6, 2009. (Ord. 00-1582 § 4A (part), 2000.)

4.06.030 Allocation of revenues from sales of treated water at Sawmill Cove Industrial Park.

All of the revenues received from the sales of treated water at Sawmill Cove Industrial Park shall be deposited into the water fund. (Ord. 00-1582 § 4A (part), 2000.)