(A) Upon completion of its review of the proposed rates for the basic service tier of cable television services and the equipment necessary to provide said basic tier of service, the City Council shall adopt its decision by formal resolution. This resolution shall indicate the reasons for the decision. Upon passage of the resolution, the City Council shall publish the resolution in pamphlet form.
(B) In the event that the cable operator's proposed rates exceed the reasonable rate standard as established by the Federal Communications Commission in its rules and regulations, the City Council may order the rates reduced by rollbacks or refunds to subscribers, in the manner so prescribed by the Federal Communications Commission.
(Ord. 1994-01, passed 2-3-94)