The Safety-Service Director and the Finance Director jointly may, between January 1st and March 31st of each year hereafter, made 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. Such additional rate increases, however, may be no more than four percent (4%) from the previous year’s rates. The Safety-Service Director and Finance Director shall advise Council in writing of the date and amount of any adjustment made pursuant to this provision.
(Ord. 9(2002-03). Passed 5-28-02.)