There is hereby established a committee comprised of the Director of Utilities, the City Auditor and the Director of Public Service, whose function shall be to review the water rental charges of the Water Department on a biennial basis in accordance with 40 CFR Sec. 35.929-2(b) of the Federal Register. Beginning in 1997 and on or about March 10th of every other year thereafter, the City Auditor shall submit a report of all expenditures of the Water Department for the previous biennial period to said committee and to Council. Thereafter, on or about April 1st of each such biennial year, said committee shall calculate and compare the operation, maintenance and replacement costs of the Water Department for the immediately preceding biennial period to those of the operation, maintenance and replacement costs of the second immediately preceding biennial period and make recommendations to the Service Director as to suggested adjustments, if any, to the water rental rates in accordance with the difference reflected between those comparative operation, maintenance and replacement cost figures. The purpose of any such adjustment shall be to reflect in the water rental rates the actual cost for the operation, maintenance and replacement of the Water Department and/or any anticipated expenditure pertaining to the operation, maintenance and replacement costs proportionately among the users of the water system. However, the Service Director as set forth in Ohio R.C. 743.04 retains final authority to assess and collect water rents or charges of sufficient amount and in such manner as he determines to be most equitable from all tenements and premises supplied with water.
(Ord. 55-97. Passed 4-7-97.)