HomeMy WebLinkAboutO-1417AN ORDINANCE AMENDING ORDINANCE NO.700
AND ORDINANCE NO. 1121, AN ORDINANCE TO AMEND AND ADD TO
CHAPTER 21, ARTICLE V, GAS, SECTION 21-61
FAIRHOPE CODE OF ORDINANCES.
BE IT ORDAINED BY THE GOVERNING BODY OF THE CITY OF FAIRHOPE,
ALABAMA, as follows:
Section 1. The Code of Ordinances, City of Fairhope, Alabama, Chapter 21,
Article V, Section 21-61(10) is hereby amended to reflect the
following changes and additions:
Article V. GAS
Section 21-61. Rates — Schedules; Subsection (10)
(10) Gas rate Adjustments: The foregoing retail rate schedules (GI, G2, G3, G4) shall be subject to
adjustment, upon concurrence of the Mayor and City Clerk with approval by the City Council,
according to fluctuations in natural gas purchase and delivery costs and annual revenue requirements
of the City of Fairhope. Adjustments to the base retail rate schedules listed above shall be
performed, in the absence of a formal rate hearing, in accordance with either one or both of the
formulas set out below in Subsection (10)(a) Gas Cost Adjustment (GCA). A formal rate hearing
shall be held at least once every two (2) years, or in the event that total adjustments to the base retail
rate schedules reach or exceed twenty cents ($0.20) per hundred (100) cubic feet, to review and
adjust the base retail rates above, and also the adjustment formulas as required.
The Balance of Section 21-61 remains as written and codified.
Section 2. All ordinances in conflict herewith be and the same are hereby repealed.
Section 3. This ordinance shall take effect immediately upon its due adoption and
publication as required by law.
ADOPTED THIS THE 26TH DAY OF APRIL, 2010
Attest:
z-,
isa A. anks, City Clerk