Annual CPI adjustment.
North Las Vegas Municipal Code § 8.20.290
in effect8.20.290 - Annual CPI adjustment.
A. The charges established pursuant to this Chapter shall be adjusted annually based upon the percentage increase in the average annual CPI.
B. Changes in charges shall be made effective as of July 1, each year, and shall be based upon the percentage increase in the average CPI for the twelve-month period of the preceding calendar year.
C. Annual increases to charges adjusted in accordance with the percentage increase in the average annual CPI shall not be greater than six and one-half percent when the percentage change in the average annual CPI is less than ten (10) percent and shall be done in the following manner:
1. When the percentage change in the CPI is less than six and one-half percent, the charges are to be adjusted by the actual percentage increase; and
2. When the percentage change is between six and one-half percent and ten (10) percent, the charges adjustment shall not be greater than six and one-half percent.
3. In the event the average annual CPI exceeds ten (10) percent, the exclusive franchisee may petition the City for an increase in excess of six and one-half percent.
D. When an unforeseen economic circumstance has occurred during the preceding calendar year, the City Council may consider and may approve a method for adjusting charges which is not based on changes to the CPI. In any year following a period when the adjustment to charges was based on some other method, charge adjustments shall again be based on changes in the CPI.
E. A minimum of one annual adjustment based on the CPI method must occur between annual adjustments based on methods other than the CPI method.
(Ord. No. 2587, § 1, 9-21-2011; Ord. No. 3231, § 1, 4-2-2025)
Source: City of North Las Vegas, Nevada, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/nv/north_las_vegas/codes/code_of_ordinances?nodeId=TIT8HESA_CH8.20SOWAMA_8.20.290ANCPADFetched: 11/1/2026