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HomeMy WebLinkAboutO-1121ORDINANCE NO. 1121 AN ORDINANCE TO AMEND SECTION 21-61 OF THE CODE OF ORDINANCES, CITY OF FAIRHOPE, FAIRHOPE, ALABAMA BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FAIRHOPE, ALABAMA AS FOLLOWS: Section 21-61 is hereby amended to add a new subsection 11 to read as follows: (11). The foregoing retail rate schedule shall be further subject to adjustment in certain areas defined and specified as subject to the competitive rate environment. Such areas are those in which the City of Fairhope is competing or will have to compete with other gas suppliers for market share. The Superintendent of the municipal utility system shall define those areas and set the rates in these areas. The purpose of this discretion to adjust rates in the defined area or areas is to enhance the municipal utility's ability to successfully compete and gain market share. This ordinance shall take effect immediately upon due adoption and publication as required by law. ADOPTED THIS 23`d DAY OF A ril_, 2001. *-x- V"5- Q)thy M. ant, MaVor Attest: