ITEM TITLE:
Title
Consider an ordinance pertaining to utilities, amending Section 22-1-2-115, Division 22-1-2, Article 22-1, Chapter 22, Lawton City Code 2015, relating to deposits by clarifying acceptable forms of deposits for utility service and adjusting the rate of commercial deposits for utility service, providing for severability and establishing an effective date.
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INITIATOR: Rebecca Johnson, Finance Director
STAFF INFORMATION SOURCE: Rebecca Johnson, Finance Director
BACKGROUND: After conducting a peer 6 review for commercial deposits staff found that the City of Lawton’s commercial deposit was an outlier being vastly different. The current ordinance for commercial deposit has been unchanged since ordinance 97-53. This amendment brings the city into alignment with our peers and reasonable deposit practice.
EXHIBIT: Proposed Ord. 24-
KEY ISSUES: N/A
FUNDING SOURCE: N/A
STAFF RECOMMENDED COUNCIL ACTION: Staff recommends amending 22-1-2-115, waive the reading of the ordinance and read the title only.