All fares and charges for the use of taxicabs shall be determined by resolution of the Village Council following a hearing held by the Council at a regular meeting. All taxicab licensees shall be notified of the hearing by mail. The term waiting time as used in any schedule of rates and charges shall include time when the taxicab is not in motion beginning with the arrival at the place to which it has been called, or the time consumed while standing at the direction of any passenger, but shall not include time lost because of inefficiency of the taxicab or its operator, or time consumed by premature response to a call or by traffic delays. Until changed as herein provided rates effective on the effective date of this code shall remain in effect.
(1984 Code, § 6.179)