(A) For use of and services rendered by the waterworks system of the Municipal Water Utility based on the use of water supplied by the waterworks system, the following rates shall apply:
Monthly Metered Flow Rate | Rate per 1,000 gallons |
First 5,000 gallons | $5.00 |
Next 10,000 gallons | $4.62 |
Next 15,000 gallons | $3.46 |
Over 30,000 gallons | $2.80 |
(B) Annual COLA increase. Subject to annual review by the Town Council, on January 1, 2022 and on January 1 of each year, beginning in 2023, a 1.5% cost of living adjustment ("COLA") shall be added to the previous year's rates and charges for all customers. This 1.5% increase shall occur automatically each year, subject to the Town Council's annual review in July of each year, unless and until such time that the Town Council amends or adjusts the percentage increase for the next calendar year or otherwise amends this division, which may include but not be limited to an additional annual increase as determined by the Town Council.
(`92 Code, § 9-104) (Res. 91-3, passed 5-9-91; Am. Ord. 2002-36, passed 12-5-02; Am. Ord. 2010-09, passed 5-13-10; Am. Ord. 2021-47, passed 12-16-21; Am. Ord. 2022-20, passed 8-25-22; Am. Ord. 2023-21, passed 11-16-23)