§ 32-20. Initial and future rates.

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Initially, all contracts executed under authority of this chapter shall be at rates to phase in the established fair market rate over a three year period. Future adjustment of the lease rates will be annually in accordance with the consumer price index (CPI) after market rates have been reached. A market analysis will be conducted every five (5) years to determine additional future rates.

(Code 1959, § 21-4; Ord. No. 50570, § 2, 3-29-79; Ord. No. 74293, § 5, 9-12-91)

                    
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