The Commissioner of Assessments and Licenses shall review the average price per gallon for regular unleaded gasoline prices listed by the Automobile Association of America’s State-by-State Fuel Price Average for the Cleveland-Lorain-Elyria Metro Area on the first Monday of May and the first Monday of November of each calendar year and shall adjust the rates of fare as set forth in Section 443.26 of this chapter as follows:
(a) If the average price per gallon is equal to or greater than three dollars ($3.00) per gallon on both the date of review and one (1) month prior to the date of review, the Commissioner shall authorize an increase of one dollar ($1.00) to the rates of fare set forth in Section 443.26 of this chapter. Such increase shall be published in the City Record and take effect thirty (30) days thereafter. No further increases shall be authorized until all prior increases issued under this division have been repealed under division (b) of this section.
(b) If the average price per gallon is less than three dollars ($3.00) per gallon on both the date of review and one (1) month prior to the date of review, the Commissioner shall repeal any increase in effect and the rates of fare shall remain as set forth in Section 443.26 of this chapter until such rates may be subsequently increased under division (a) of this section. Any revocation issued under this division (b) shall be published in the City Record and become effective thirty (30) days thereafter.
(c) Each change in the fare amount shall be applied to the meter. A representative of the Bureau of Weights and Measures will remove the current security seal affixed to each meter prior to the fare being changed on the meter.
(Ord. No. 1796-08. Passed 3-23-09, eff. 3-25-09)
Note: Former Section 443.261, relating to drivers’ expenses being capped and reporting, expired on December 31, 2003 and is no longer in effect.