Agenda - Council - 02/25/2025 - Laserfiche WebLink

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hearing. Failure to publish said notice or any defect in said notice shall not invalidate the notice. However, cornection(s) must be published at the earliest practical time. Sec. 10.4. Power of regulation reserved. Subject to any applicable state statutes,the council may by ordinance reasonably regulate and control the exercise of any franchise'including the maximum rates,tares, or prices to be charged by the grantee. No franchise value shall be included in the valuation of the grantee's property in regulating utility rates,tares,or prices under any applicable state or municipal law,or regulation,or in proceedings for municipal acquisition of the grantee's property by purchase or eminent domain. Sec. 10~5. Renewals orextensions. Every extension, renewal,or modification of any existing franchise,orof any franchise granted thereafter, shall be subject to the same limitations and shall be granted in the same manner as a new franchise. CHAPTER 11. PUBLIC OWNERSHIP AND OPERATION OF UTILITIES Sec. 11.1. Acquisition and operation of utilities. The city may own and operate any gas, water, heat, power, light,telephone or other public utility for supplying its own needs for utility service'or for supplying utility service to private consumers or both. It may construct all facilities reasonably needed for that purpose, and may acquire any existing utility properties so needed; but such action shall only be taken by ordinance, which shall not be an emergency ordinance. The operation of all public utilities owned by the city shall be under the supervision of the city council. Sec. 11.2. Rates and finances. The council may, by ordinance,fix rates,fares and prices for municipal utilities, but such rates,fares and prices shall be just and reasonable. The council shall make each municipal utility financially self sustaining. Before any rates,fares or prices for municipal utilities shall be fixed by the council,the council shall hold a public hearing on the matter in accordance with section 11.6 of this chapter.The council shall prescribe the time and the manner in which payments for all such utility services shall be made,and may make such other regulations as may be necessary,and prescribe penalties for violations of such regulations. Sec. 11~3~ Purchase in bulk. The council may,in lieu of providing for the local production of gas, electricity,water and other utilities, purchase the same in bulk and resell them to local consumers at such rates as it may fix. Before such rates are fixed by the council,the council shall hold a public hearing on the matter in accordance with section 11.6 of this chapter. Sec. 11.4. Lease of plant. The council may, if the public interest will be served thereby,contract with any responsible person, co- partnership orcorporationfortheoperetionofenyutUitymmnedbytheoityuponsuchrente|sendconditionsasit may deem necessary; but such contract shall not be an emergency ordinance. In no case shall such contract be for a longer term than ten years. c,=t"u. 2025-01-03 ^s.zo.zs [csn (supp.No. 13) Page 19of25