When establishing or amending the allowable fees for incident management tows, the amounts shall represent the fair value of the services of a towing company and shall be reasonably related to financial or accounting information provided to the city by the company. If a towing company requests that a tow fee study be performed in accordance with Texas Occupations Code, § 2308.203, the city establishes the following procedures:
(1) The chief of police shall request financial records from the requesting towing company as they relate to vehicle insurance, registrations and operating costs.
(2) The chief of police shall obtain current fuel prices.
(3) The chief of police shall review towing fees from other cities of similar population.
(4) The chief of police shall submit a recommendation to the city manager for action.
(5) Recommended increases over 25 percent shall be submitted to the city council for consideration.
(Ord. No. 007-2023, § 3, 1-10-2023)