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03-9323r I I I 145 RESOLUTION NO. 9323 RESOLUTION ADOPTING A STORM WATER UTILITY FEE CREDIT POLICY. WHEREAS, the City Council may by resolution adopt policies providing for the adjustment of charges for parcels or groups of parcels, based on hydrologic data demonstrating an actual hydrologic response substantially different from the REF (Residential Equivalency Factor) being used for the parcel or parcels. WHEREAS, a few property owners in the City provide some level of on-site water retention and and/or treatment usually consisting of one or more ponds which may create a hydrologic response substantially different for the REF. WHEREAS, by City Code, the owners of these parcels are entitled to a Storm Water Utility Fee reduction. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield, Minnesota: The Storm Water Utility Fee Credit Policy is hereby adopted. Adopted by the City Council of the City of Richfield, Minnesota this 25th day of March 2003. 7?Jg ~ Martin J. I , Mayor ATTEST: ~j~iJrCn Nancy Gibbs, ity Clerk