939.08 ANNUAL ADJUSTMENT OF RATES.
   The Safety-Service Director and the Belpre City Auditor jointly may, between January 1st and March 31st of each year hereafter, make an additional annual adjustment of the above water rates, without further legislation or approval by City Council in an amount necessary to anticipate the revenue necessary to meet the following year’s income requirements to operate the Water Department, based upon the income and expenses of the previous year. If the position of Safety-Service Director is vacant between January 1st and March 31st of any calendar year, the Mayor of the City of Belpre may joint with the Belpre City Auditor to make an annual adjustment to water rates.
   Such additional rate increases, however, may be no more than four percent (4%) from the previous year. The Safety-Service Director, or the Mayor in the absence of a Safety-Service Director, with Belpre Auditor, shall advise Council in writing of the date and amount of any adjustment made pursuant to this provision.
(Ord. 4(2024-25). Passed 3-25-24.)