The salaries of all elected officials of Obetz shall be established by Council by ordinance to be adopted no later than July 1 of each odd numbered year. The salaries so established shall be effective for a two-year period, beginning January 1 of the year immediately following the adoption of the ordinance establishing them and shall apply to newly elected officials that are beginning their term. The salary increase is limited to no more than 8 percent of the current salary. In the event that Council shall fail to establish salaries as required in this Section, the salaries in effect for the prior two year period shall remain in effect until changed in accordance with this Section. The initial salary of elected officials under this Charter shall be that salary established for each office and in effect on January 1, 2010, and if none has been established, the Council first serving under this Charter shall establish such salaries within ninety (90) days.