The water and sewer charges and rates herein in this Section set forth shall be adjusted from time to time as follows:
Any increase or decrease in the charges made by the City of Chicago, Illinois and/or by the Village of Oak Lawn, Illinois for water supplied shall be directly factored into the rates effective on the first day of the month following such changes.
Any increase or decrease in the charges made for electrical energy other than the adjustment for summer and winter usage shall be directly factored into the rates effective on the first day of the month following such change in electrical energy charges.
Personal services, contractual services, (excluding purchased water and electricity) commodities and departmental cost transfers shall be factored into said rates on January 1 of each year, based on the annual budget for the fiscal year commencing on said date, passed by the Board of Trustees of the Village.
(Ord. 1402, 12-27-84; eff. 2-1-85; Amd. Ord. 4874, 12-16-13; Amd. Ord. 4955, 12-1-14; Amd. Ord. 5049, 12-7-15; Amd. Ord. 5071, 3-14-16)