A. Rates and fares charged to the public must be established by filing a rate schedule with the city by the person/entity holding a valid permit. The proposed rates and fares shall also be published in a local newspaper of a general circulation by the permit holder at the time of filing same with the city so as to provide adequate public notice.

B. The city council must review such rates at a noticed public meeting within sixty days of the filing of the rate schedule. If no such review is held by the city council, the rates shall remain as set forth in the schedule and shall take effect sixty days from the date such rate schedule was filed with the city. If the city council reviews the rate schedule within the sixty-day period, the city council may increase, decrease or accept the rates as submitted. The rate, as increased, decreased or accepted by the city council, shall take effect sixty days from the date such rate schedule was originally filed with the city. (Ord. 473 §1, 2002).