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(A) The Board shall have the responsibility of investigating, gathering information, deliberating, and advising the Common Council and Board of Public Works and Safety of the city with regard to any future proposed changes to the general rates and charges for the use of and services rendered by the municipal- owned electric, sewage and water utilities, and with regard to any future proposed capital improvements, the costs of which would be required to be financed by the issuance of debt instrument by the city. The Board's capacity shall be advisory only, and the Common Council or the Board of Public Works and Safety shall not be bound by any recommendations or advice received from the Board. The Board shall not be required to investigate, deliberate, or advise the Council with regard to any rate increases or decreases which are implemented solely for the purpose of tracking increases or decreases in the cost of fuel or electricity from the city's wholesale supplier.
(B) The Board shall, in its investigation, deliberation and advice strive to advise the Common Council on rates and charges for the use of any services rendered by the municipal-owned electric, sewage and water utilities, which are nondiscriminatory, reasonable and just, and which will produce sufficient revenue to maintain the utility property in a sound physical and financial condition and to render adequate and efficient service, all in accordance with the standards as set out in I.C. 8-1.5-3-8. The Board shall have access to all books, records, financial statement, accounting reports, operating reports and other documents which are relevant to their investigation, deliberation and advice as to rates and charges meeting the foregoing standards.
(1980 Code, § 32.113) (Ord. 1993-34, passed 2-22-1993)