(A) The City Manager, Finance Director and each city department head, under the direction of City Manager, shall review annually the fees and service charges and provide an adjusted fee or charge schedule to the City Council for its consideration so as to recover all or part of the costs reasonably borne necessary to provide the regulation, product or service, as directed by the City Council.
(B) The fees and charges to recover costs reasonably borne shall be as defined and set forth in the city’s schedule of fees and charges necessary to provide the regulation, product or services, adopted by resolution as described hearing and based on the Citywide User Fee Study prepared by Maximus Inc. dated January 31, 2005 and presented at a public hearing to the City Council on February 15, 2005.
(C) All fees and charges set pursuant to this chapter and section shall take effect not sooner than 60 days after the City Council adopts a resolution stipulating that all provisions of this chapter have been complied with and no written appeal has been filed.
(D) The schedule of frequency of rate adjustments may be varied by the City Manager to adjust revenues sufficient to meet debt service coverage requirements, of any bond, certificate or ordinance, resolution, indenture, contract or action under which securities have been issued by the city which contain any coverage factor requirement.
(E) The City Manager may vary the review schedule if, in the judgment of the City Manager and a directly affected and requesting department head, a gross inequity would be perpetrated by not revising the rate schedule. Any rate revision which deviates from the review schedule, as set herein, shall be reported to the City Council at its next succeeding meeting.
(`61 Code, §11.4) (Ord. 848, passed 11-3-1992; Am. Ord. 963, passed 8-16-2005)