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CHAPTER 11 <br />PUBLIC OWNERSHIP AND OPERATION OF UTILITIES <br />Section 11.01. Acquisition and Operation of Utilities. The City may own and operate any <br />gas, water, heat, power, light, telephone or other public utility for supplying its own needs for utility <br />service, or for supplying utility service to private consumers or both. It may construct all facilities <br />reasonably needed for that purpose, and may acquire any existing utility properties so needed; but <br />such action may only be taken by ordinance, which shall not be an emergency ordinance. The <br />operation of all public utilities owned by the City shall be under the supervision of the City Council. <br />Section 11.02. Rates and Finances. The Council may by ordinance fix rates, fares and prices <br />for municipal utilities, but such rates, fares and prices shall be just and reasonable. The Council shall <br />endeavor to make each municipal utility financially self-sustaining. Before any rates, fares or prices <br />for municipal utilities shall be fixed by the Council, the Council shall hold a public hearing on the <br />matter in accordance with Section 11.06 of this chapter. The Council shall prescribe the time and the <br />manner in which payments for all such utility services shall be made, and may make such other <br />regulations as may be necessary, and the penalties for violations of such regulations. <br />Section 11.03. Purchase in Bulk. The Council may in lieu of providing for the local <br />production of gas, electric, water and other utilities, purchase the same in bulk and resell them to local <br />consumers at such rates as it may fix. Before such rates are fixed by the Council, the Council shall <br />hold a public hearing on the matter in accordance with Section 11.06 of this chapter. <br />Section 11.04. Lease of Plant. The Council may, if the public interest will be served thereby, <br />contract with any responsible person, co -partnership or corporation for the operation of any utility <br />owned by the City upon such rentals and conditions as it may deem necessary; but such contract shall <br />not be an emergency ordinance. In no case shall such contract be for a longer term than ten years. <br />Section 11.05. Public Utility, How Sold. No public utility owned by the City shall be sold or <br />otherwise disposed of by the City unless the full terms of the proposition of said sale or other <br />disposition thereof, together with the price to be paid therefor, shall be embodied in an ordinance <br />approved by a majority of the registered voters voting thereon at a general or special election. Before <br />such ordinance is submitted to a vote, the Council shall hold a public hearing on the matter in <br />accordance with Section 11.06 of this chapter. <br />Section 11.06. Notice of Public Hearings,. Notice of public hearing required by this chapter <br />shall be published at least once in the official newspaper and in the City Newsletter at least ten days <br />prior to the date of the hearing. Additional notice of such public hearing may be given in such manner <br />as the Council may determine. <br />25 <br />