(A) Any rate regulation conducted under § 1.00 of this chapter shall provide a reasonable opportunity for consideration of the view of any interested party, including, but not limited to, the city or its designee, the cable operator, subscribers and residents of the franchise area.
(B) In addition to all proceedings, and in order to provide for such opportunity for consideration of the views of any interested party, the city shall take the following actions.
(1) The city shall publish, as provided in the Iowa Code § 362.4, and shall mail, by certified mail, to the cable operator, a notice of the intent to conduct a public proceeding on basic service tier rates and/or charges for equipment to receive such basic service tier, as defined by the FCC.
(2) Said notice shall state, among other things, that cable television rates are subject to municipal review and explain the nature of the rate review in question; that any interested party has a right to participate in the proceedings; that public views may be submitted in the proceeding, explaining how they are to be submitted and the deadline for submitting any such views; that a decision concerning the reasonableness of the cable television rates in question will be governed by the FCC Rules and Regulations; and that the decision of the city is subject to review by the FCC.
(3) The city shall conduct a public proceeding to determine whether or not the rates or proposed rate increase are reasonable. The city may delegate the responsibility to conduct the proceeding to any duly qualified and eligible individual(s) or entity. If the city, or its designee, cannot determine the reasonableness of a proposed rate increase within the time period permitted by the FCC Rules and Regulations, it may announce the effective date of the proposed rates for an additional period of time as permitted by the FCC Rules and Regulations, and issue any other necessary or appropriate order and give notice accordingly.
(4) In the course of the rate regulation proceeding, the city may require additional information from the cable operator that is reasonably necessary to determine the reasonableness of the basic service tier rates and equipment charges. Any such additional information submitted to the city shall be verified by an appropriate official of the cable television system supervising the preparation of the response on behalf of the entity, and submitted by way of an affidavit or under penalty of perjury, stating that the response is true and accurate to the best of that person’s knowledge, information and belief formed after reasonable inquiry. The city may request proprietary information; provided that the city shall consider a timely request from the cable operator that said proprietary information shall not be made available for public information, consistent with the procedures set forth in 47 C.F.R. § 0.459 of the FCC Rules and Regulations. Furthermore, said proprietary information may be used only for the purpose of determining the reasonableness of the rates and charges or the appropriate rate level based on a cost-of-service showing submitted by the cable operator. The city may exercise all powers under the laws of evidence applicable to administrative proceedings under the laws of the state and of the city to discover any information relevant to the rate regulation proceeding, including, but not limited to, subpoena, interrogatories, production of documents and deposition.
(5) Upon termination of the rate regulation proceeding, the city shall adopt and release a written decision as to whether or not the rates or proposed rate increase are reasonable or unreasonable, and, if unreasonable, its remedy, including prospective rate reduction, rate prescription and refunds.
(6) The city may not impose any fines, penalties, forfeitures or other sanctions, other than permitted by the FCC Rules and Regulations, for charging an unreasonable rate or proposing an unreasonable rate increase.
(7) Consistent with FCC Rules and Regulations, the city’s decision may be reviewed only by the FCC.
(8) The city shall be authorized, at any time, whether or not in the course of a rate regulation proceeding, to gather information as necessary to exercise its jurisdiction as authorized by the Communications Act of 1934, being 47 U.S.C. §§ 151 et seq., as amended, and the FCC Rules and Regulations. Any information submitted to the city shall be verified by an appropriate official of the cable television system supervising the preparation of the response on behalf of the entity, and submitted by way of an affidavit or under penalty of perjury, stating that the response is true and accurate to the best of that person’s knowledge, information and belief formed after reasonable inquiry.