Ord67 1329 - Laserfiche WebLink

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grantee may sell such converters to the sub- scriber at a maximum cost of $30 each or may make a monthly service charge of $1. 00 for use of such converter. (4) Honthl~l;vice charge: The maximum basic :service charge that may be imposed upon a subscriber shall be $4.75. , , In addition, for each outlet installed for any subscriber after the initial outlet, a monthly service charge may be imposed in the amount of $1. 00. SECTION 8. RATE ADJUSTMENTS. Within five (5) years after the operative date of this franchise, and at regular five year inter'Tals thereaft er, the City Hanager of the City of Redwood city shall cause a rate study to be made of the grantee's opera- tion. The rate study shall be conducted in substantially the same manner as those made by the California Public Utilities Commission for telephone utilities and substantially the same criteria shall be employed in establishing the rate base, deprecia- tion schedules and for determining a reasonable rate of return to the grantee. The City may, by resolution, adopt a detailed pro- cedure for such study or may adopt provisions of the Public Utilities Code and orders promulgated by the Public Utilities Commission. The City may, at its option, contract with the C~~ifornia Public Utilities Commission to cause such rate study to be made. The grantee shall pay to the City the reasonable cost of making the study. On completion of the rate study the City Hanager shall re- ....., port to the Council his findings and determinations concerning the setting of rates and may include his recommendations concerning " appropriate amendments to this franchise for the regulation of the service being rendered by the grantee. Thereafter the Council shall, by amendment of this ordinance, adjust the schedule of rates and charges to be made by the grantee so as to secure to the grantee a reasonable rate of return. - 5 - ','