(A) The Madison Water Utility shall be removed from the jurisdiction of the Indiana Regulatory Commission upon the passage of Ordinance 2005-18 and as otherwise provided by law.
(B) Any future water utility rate adjustments shall be implemented by the Common Council only upon the recommendation of a recognized and qualified rate consultant after a thorough rate study has been done.
(C) Pursuant to IC 8-1.5-3-9(c), Ordinance 2005-18 shall become effective 60 days after its adoption by the City Council, signature by the Mayor, and enrollment on the book of ordinances, and notification to the Indiana Utility Regulatory Commission as provided by law.
(D) Any ordinance in contradiction with this section is hereby repealed.
(Ord. 2005-18, passed 12-6-05)