All water charges set forth herein shall be reviewed annually by Council, or its designate, in order to determine whether or not they are sufficient to defray the fixed charges, amortization costs and annual cost of operation of the water distribution system, and the cost of municipal service provided in association therewith. If the difference between the total annual revenue derived and the total annual cost is sufficient to justify an increase or decrease in the water rates and/or charges, said rates and/or charges will be adjusted as required.
(Ord. 1327. Passed 5-9-91.)