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permanently or totally disabled person, provided that such person's income falls below <br />thirty-five thousand dollars ($35,000) per annum. Pursuant to this exemption, persons <br />eligible shall be charged fifty-five percent (55%) of the water rate established pursuant to <br />this chapter. <br />Shall be and is hereby amended to read as follows: <br />915.01 ESTABLISHMENT OF RATES <br />The Director of Finance is hereby authorized and directed to establish water rates <br />charged monthly by the Division of Utility Billing as follows: <br />(b) Effective January 1, 2012, all water used during each one month billing period <br />shall cost not more than five and eighty-one hundredths dollazs ($5.93) per one <br />hundred cubic feet of water. <br />915.02 CUSTOMER SERVICE CHARGE -Removed <br />915.03 HOMESTEAD EXEMPTION <br />There is hereby established a Special Homestead exemption whereby water rates <br />charged to homesteads owned by a person 65 years of age or older or owned by a <br />permanently or totally disabled person, provided that such person's income falls below <br />thirty-five thousand dollars ($35,000) per annum. Pursuant to this exemption, persons <br />eligible shall be charged fifty-five percent (55%) of the water rate established pursuant to <br />this chapter. <br />Section 2. It is found and determined that all formal acfions of this Council concerning and <br />relating to the passage of this ordinance were adopted in an open meeting of this Council, and <br />that all such deliberations of this Council and of any of its committees that resulted in such <br />formal action were in meetings open to the public in compliance with all legal requirements. <br />Section 3. This Ordinance is hereby declared to be an emergency measure necessary for the <br />immediate preservation of the public peace, health, safety and welfaze in the City, and for the <br />usual daily operation of the City for the reasons set forth and defined in the preamble to this <br />Ordinance, and provided it receives the affirmative vote of at least five (5) of its members elected <br />to Council, this Ordinance shall take effect and be in force immediately upon its passage by the <br />