(A) Rate:
Each 1,000 gallons | $2.94* |
*Subject to Kentucky River Authority tax | |
(B) The Irvine Municipal Utilities shall, in January of each year, review and consider adjustments to the user charge schedules for the water services provided to the wholesale water utilities. Revisions shall be based upon the United States Department of Labor Consumer Price Index (CPI) for the calendar year ending December 31 of the preceding year. Any adjustments to the wastewater user charges shall be recorded in the minutes of the Irvine Municipal Utilities and shall state the basis of any adjustments to the user charges.
(C) Adjustments to the water charges shall not be greater than 3% in any one year. Adjustments in excess of 3% in any one year shall require, in addition to that of the Irvine Municipal Utilities, the approval of the City Council. Adjustments shall be sent to the Public Service Commission for approval prior to their implementation.
(D) The adjustments to the water user charges shall be legally advertised one time in the Citizen Voice and Times or other publication in which legal publications for the city are made and which shall become automatically effective May 1 of this year and each succeeding year in which the findings are made. The decision of the Irvine Municipal Utilities shall carry full force of ordinance as if considered and ordained by the City Council. The municipal utilities shall notify the City Clerk/Treasurer of such changes by April 1 of each succeeding year.
(E) Rate changes shall be adjusted annually pursuant to this section.
(Prior Code, § 51.04) (Ord. 7-81-2, passed - -1981; Ord. 91-2, passed 4-29-1991; Ord. 92-4, passed 10-17-1992; Ord. 03-07, passed 7-14-2003; Ord. passed 11-24-2008; Ord. passed 7-20-2009; Ord. 17-03, passed 3-13-2017)