(A) The ERU rate to be applied monthly to residential and nonresidential properties shall be as follows:
(1) Commencing January 1, 2021, the ERU rate shall equal $4.
(2) Commencing July 1, 2022, the ERU rate shall equal $4.25.
(3) Commencing July 1, 2023, the ERU rate shall equal $4.50.
(B) The monthly rate for each fiscal year thereafter shall be determined by ordinance of the City Council prior to July 1 of each year.
(Ord. 2386, passed 10-19-2020)