§ 53.12. PERIODIC LEGISLATIVE RATE REVIEW.

Latest version.

In hopes of minimizing the possibility of infrequent but higher rate increases and the resulting "rate shock" to the ratepayer, the Board of Public Works shall provide the City Council with a rate study showing the financial condition of the utility and a recommendation regarding the rates charged no less than every four years. The next such study shall be provided on or before January 30, 2009. Thereafter, reports shall be reviewed by Council on the 30th day of January, every four years.
(Ord. 3456, passed 12-19-05)

                    
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