Section 12.12.234 Annual CPI Adjustments.

The rates set forth in Sections 12.12.220, 12.12.230 and 12.12.235 shall be adjusted upward or downward annually on July 1 by a percentage equal to seventy-five percent of the percentage change in the consumer price index for U.S. City Average, all urban consumers, (1982-1984 index) issued by the Department of Labor, Bureau of Labor Statistics. The December 1994 index shall be the base month to calculate the percentage change. The city manager or the city manager's designee shall file a written report with the City Council by the first Monday in June setting forth the new rates effective for the following July. (Ord. 96/U-4439, Ord. 95/U-3057)