If after ten days of the declaration a deadlock continues to exist, the parties shall draw for an arbitrator from a mutually agreed list at a mutually called meeting. The party not calling the deadlock shall have its choice as to whether to strike first or second in regard to the list of arbitrators. Upon the selection of an arbitrator, the parties shall submit their written final best offer and may also submit a brief history of that contract’s negotiations. The arbitrator shall only hear and decide the unresolved issue or issues. The arbitrator’s decision shall be final and binding unless rejected by two-thirds vote by the members of the City Council present at the Council meeting immediately following receipt of the arbitrator’s decision. The arbitrator shall grant either the lowest final offer or the highest final offer on each unresolved issue or issues. The arbitrator’s expenses shall be shared equally by the parties unless the City Council rejects the arbitrator’s decision in which case the city shall bear the entire expense of the arbitrator.
(1980 Code, § 13.1307)