(A) The Mayor of the city is hereby authorized to adjust natural gas rates to reflect market fluctuations, and such authorization shall substitute for an ordinance setting such rates, until such time as City Council may amend or revoke this section, provided, however, that there shall be reflected in all such subsequent billed rates, beginning with the bills reflecting an entire billing period subsequent to enactment hereof, recovered by the city as a franchise fee for providing said service a maximum franchise fee of twenty-eight percent (28%) in excess of the actual costs and expenses incurred by the city in providing such service to the public, and such gas shall be billed at the minimum rate of $9.10 per MCF for 0 - 9,999,999 CF used within the city limits, and at the minimum rate of $9.25 per MCF for 0 - 9,999,999 CF used outside of the city limits, such rates, when applied as minimums, to be inclusive of said franchise fee.
(B) The City Clerk shall, promptly and regularly, and at least on a monthly basis, advise the Mayor as to the costs of providing the gas service so the Mayor may, through adjustment of the gas rates, maintain recovery of the city costs and expenses incurred in the provision of such service and the franchise fee as set for in § 50.20.
(Ord. 2006-01, passed 1-9-06; Am. Ord. 2008-03, passed 5-21-08; Am. Ord. 2008-10, passed 9-24-08; Am. Ord. 2014-4, passed 9-17-14)