(A) Upon completion of its review of the proposed rates for the basic service tier of cable television services and the equipment necessary to provide said basic tier of service, the Common Council shall adopt its decision by formal resolution. Said resolution shall indicate the reasons of the decision.
(B) In the event that the cable operator's proposed rates exceed the reasonable rate standard as established by the Federal Communications Commission in its rules and regulations, the Common Council may order the rates reduced by rollbacks or refunds to subscribers, in the manner so prescribed by the Federal Communications Commission.
(Ord. 1994-1, passed 2-7-94)