Equity buy-in (EBI) fees are one-time charges for new customers desiring to connect to the City’s water and/or sewer systems. These charges are assessed to recover costs over and above the direct costs associated with connecting a new service to the system.
The EBI charge reflects the expected demand that a new customer will place upon that system and the current depreciated value for the replacement of the system. The charges are reviewed and updated per the annual audit of the system and represent the reasonable prorated share of the value of the system that has been constructed and maintained for the new customer’s use.
All EBI fees collected are deposited in a specific revenue account and are to be used only for the replacement of the capacity of the water and sewer system and not for any other use.