(a) The Town shall have and exercise all the authority and powers provided by the Colorado Constitution, State statutes, and other applicable laws in any matter pertaining to Town owned utilities, including water and water rights and acquisition thereof, and bonded indebtedness in connection therewith.

(b) The Town Council shall from time to time fix, establish, maintain, and provide for the collection of rates, fees, and charges for water, sewer, and other utility services furnished by the Town.

(c) Such rates, fees, and charges shall be sufficient in the Town Council’s judgment to provide good service to the customers, pay all bonded indebtedness, pay legally required refunds, cover the cost of operation, maintenance, additions, extensions, betterments, and improvements, provide a reasonable return on the Town’s investment in utility properties and capital investments, and reimburse the general fund for administrative services and overhead provided and incurred by the Town on behalf of each utility, as allowed by the Colorado Constitution and other applicable laws.

(d) Any right, privilege, permit or contract granted by the Town giving any right, permission or privilege to use Town water, the Town water system or Town sewer system shall always be subject to the most comprehensive oversight, control and management by the Town and such control is retained and reserved by the Town to ensure that nothing can be done which would interfere with the successful long term operation of the Town’s water or sewer systems or impair such systems for the benefit of the people of the Town. (Amended January 17, 2019)