(a) The village council will, not less than annually, review the actual cost of operation and maintenance of the village's water and wastewater treatment facilities to include the distribution and collection systems, the administrative costs, and the volume REU (per 1,000 gallons) to reflect the true cost of constituent treatment. The adjustments, if any, will become effective at such time that a new published rate schedule is approved by council. The council may review these rates and/or minimum charges and adjust them accordingly at any time it deems adjustments are in the best interest of the village. All current water and sewer related rates, charges, fees, etc. that would be applicable per section 30-82 shall be provided in an established rate schedule, as approved and amended by the village council from time to time.
(Ord. of 10-26-2007)