§ 52.01  EXPLANATION OF PROVISIONS.
   (A)   The rates and charges set forth in § 52.02(A) through (E) below shall be implemented in two phases designated as “Phase I” and “Phase II", respectively. Phase I and Phase II rates and charges will become effective upon the occurrence of the following events: Phase I rates and charges shall become effective upon the approval of the Commission of the rates and charges set forth herein and the filing of the tariff with the Commission reflecting those rates and charges. Phase I rates and charges shall be in effect until the project has been completed, as determined by the Town Council with the advice of the town’s financial advisor (“Project Completion”). Phase II rates and charges shall become effective upon project completion and shall remain in effect thereafter.
   (B)   The rates and charges set forth in § 52.02(F) through (M) below shall become effective upon the approval of the Commission of the rates and charges set forth herein and the filing of the tariff with the Commission reflecting the rates and charges.
(Ord. 2004-1, passed - -2004)