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The money paid into the city treasury by the Municipal Service Commission shall be deposited in a separate account and applied on the payment of administrative fees and charges, and costs and expenses incurred by the geothermal system. The customer rates and installation charges determined by the Commission shall be sufficient to pay the operating, administrative and maintenance costs, charges and expenses of the geothermal system.
(Prior Code, § 9.1-5) (Ord. 1337, passed 11-22-2010)
The Commission shall make quarterly reports to the council which reports shall embrace an itemized statement of all the revenues and expenditures relating to or connected with the geothermal system and an accurate list of all customer rates. This statement shall be certified by the Commission, entered into record by the City Clerk and published in such a manner as the Council may direct. The Commission shall also make such other reports as the Council may, from time to time, require. The Council shall cause all the accounts and records of the Commission to be audited at least once a year and at such other times as it shall see fit.
(Prior Code, § 9.1-6) (Ord. 1337, passed 11-22-2010)
(A) This chapter shall not be construed to relieve from or lessen the responsibility of any party owning, operating, controlling or installing any geothermal system in the city right-of-way for damages to persons or property caused by any defect therein, nor shall the city be held as assuming any such liability by reason of the specifications or inspection authorized herein or permit issued, as herein provided.
(B) Should any section, division, sentence, clause or phrase of this chapter be declared by the courts to be invalid, the same shall not affect the validity of this chapter as a whole or any part thereof other than the part so invalidated.
(Prior Code, § 9.1-7) (Ord. 1337, passed 11-22-2010)
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