11994ORDINANCE NO. 112994
AN ORDINANCE AMENDING ORDINANCE NO. 11,692
OF THE CITY OF LITTLE ROCK, ARKANSAS, SAME
BEING THE BUS FRANCHISE ORDINANCE CURRENTLY
IN EFFECT, BY PROVIDING AN ADDITIONAL STEP
ENTITLED STEP 29 -A WITHIN THE SCHEDULE OF
ADJUSTMENTS APPEARING IN SECTION 22 OF SAID
ORDINANCE NO. 11,692; AND FOR OTHER PURPOSES.
WHEREAS, Ordinance No. 11,692 of the City of Little
Rock, Arkansas, passed December 20, 1965, grants unto Twin City
Transit, Inc., the right and privilege of operating passenger
buses within the corporate limits of the City of Little Rock,
subject to certain controls and regulations contained in said
Ordinance; and
WHEREAS, Twin City Transit, Inc., has charged fares
for a considerable period of time at the rate established by
Step 21 -A as set forth in Section 22 of said Ordinance No. 11,692;
and
WHEREAS, evidence has been submitted to the Board of
Directors of the City of Little Rock that the current operation
of Twin City Transit, Inc., at the aforesaid rates is causing
a deficit in operations and that an adjustment in fares is neces-
sary to eliminate continued operation by Twin City Transit, Inc.,
at a financial loss; and
WHEREAS, Twin City Transit, Inc., has proposed certain
combinations of rates which are alleged to be sufficient to operate
in the future within the margin of profit permitted in said Ord-
inanance No. 11,692.
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS
OF THE CITY OF LITTLE ROCK, ARKANSAS.
SECTION 1. Section 22 of Ordinance No. 11,692, is
hereby amended to read as follows:
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"SECTION 22. SCHEDULE OF ADJUSTMENTS OF FARES
(a) (1) Whenever the company is first required or
permitted to adjust fares, whichever is applicable,
such adjustments shall be made in the following
order and in the following manner:
(2) If such first adjustment shall be a decrease,
the Company shall decrease the rate of fares in
the order provided in the following schedule of
adjustments set forth at the end of this section,
commencing with Step 29 -A, and including such
additional lower numbered steps simultaneously in
order or sequence as may be necessary to comply with
the requirements of this Ordinance.
(3) If such first adjustment shall be an increase,
the Company shall increase the rate of fares in
the order provided in such schedule, commencing
with Step 29 -A and including such additional higher
numbered steps simultaneously in order of sequence
as may be permitted pursuant to this Ordinance.
(b) Thereafter, whenever the Company is required
to make a decrease or permitted to make an increase,
such decrease shall commence with the step next
lower than the step then in effect, and such in-
creases shall commence with the step next higher
than the step then in effect. In both cases, ]such
number of steps in order of sequence shall, in the
case of a decrease, and may, in the case of an in-
crease, be placed into effect simultaneously as
are required or permitted by the provisions of this
Ordinance. If the Company, in a fare adjustment
period in which the rate of fare in effect is any
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one of the three (3) highest steps in the schedule
of adjustments set forth in subsection (a) of this
section, fails to earn the return to which it is
entitled hereunder, the Company shall have the
right, by notice filed with the City, to require
the addition by the City of further steps in said
schedule, permitting fare structures adequate to
accomplish the purpose of this Ordinance. Said
additional schedule shall include at least eight
(8) steps, providing increased fares over the
highest step as set forth in said schedule, and
the increases in said new steps shall be approximate-
ly equal to the spread in the existing steps set
forth in said schedule. In the event that within
ninety (90) days, or within such longer period of
time as may be agreed upon by Company, the City has
not amended this Ordinance by the addition of the
above referred to supplementary steps, the Company
may, but shall not be required to, terminate this
franchise by notice of termination filed with the
Clerk of the City, and upon the filing of any such
notice of termination the Company shall thereupon
be released from any and all obligations under this
Ordinance.
(c) SCHEDULE OF ADJUSTMENTS
Step Adult Fare
Adults Tickets Tokens
Total Childrents
School Fare Cash
Cash Per
Tokens or Tickets
Cost Fare
Tickets or
Fare Ride
No. in Units Sold
6 to 12 yrs.
Tokens
1.
.20
.14k
10
$1.45
.07
.10
2.
.20
.14�
10
1.45
.07
.10
3.
.20
.14 -3/4
20
2.95
.07
.10
4.
.20
.15
5
.75
.07
.10
5.
.20
.15
10
1.50
.07
.10
6.
.20
.15
13
2.00
.07
.10
7.
.20
.15k
10
1.55
.07
.10
8.
.20
.15 -5/6
6
.95
.07
.10
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Step
Adult
Cash
Fare
Fare Adults
Per Tokens
Ride No. in
Tickets Tokens
or Tickets
Units Sold
Total Childrents
Cost Fare
6 to 12 yrs.
School Fare
Tickets or
Tokens
Cash
9.
.20
.16
5
$ .80
.07
.10
10.
.20
.16k
4
.65
.07
.10
11.
.20
.16 -3/7
7
1.15
.07
.10
12.
.20
.16 -2/3
6
1.00
.07
.10
13.
.20
.17
5
.85
.07
.10
14.
.20
.17 -1/3
6
1.05
.07
.10
15.
.20
.17k
4
.70
.07
.10
16.
.20
.17 -6/7
7
1.25
.07
.10
17.
.20
.18
5
.90
.07
.10
18.
.20
.18 -1/3
6
1.10
.10
10/1..10 -.11
.15
19.
.22
.19
5
.95
.10
10 /1.10 -.11
.15
20.
.23
.19
5
.95
.10
10 /1.10 -.11
.15
21.
.24
.20
5
1.00
.10
10 /1.10 -.11
.15
21 -A
.23
.23
5
1.15
.10
10/1.20 -.12
.12
22.
.25
.20
5
1.00
.10
10 /1.10 -.11
.15
23.
.25
.20
5
1.00
.15
10 /1.10 -.11
.15
24.
.25
.20
5
1.00
.15
10 /1.10 -.11
.15
25.
.25
.20
5
1.00
.15
10/1.15 -.11k
.15
26.
.425
.20
5
1.00
.15
10/1.20 -.12
.15
27.
.25
.21
5
1.05
.15
10/1.25 -.12k
.15
28.
.25
.22
5
1.10
.15
10/1.25 -.12k
.15
29.
.25
.23
5
1.15
.15
10/1.25 -.12k
.15
29 -A
.25
.25
5
1.25
.15
10/1.25 -.12k
.15
30.
.27
.23
5
1.15
.15
10/1.30 -.13
.15
31.
.27
.24
5
1.20
.15
10/1.35 -.13k
.15
32.
.27
.25
5
1.25
.15
10/1.35-.1A
.15
33.
.30
.26
5
1.30
.15
10/1.40 -.14
.15
34.
.30
.27
5
1.35
.15
10/1.45 -.14k
.15
35.
.30
.28
5
1.40
.15
10/1.50 -.15
.15
CHILDREN UNDER 5 FREE (WHEN ACCOMPANIED BY AN ADULT)
Transfer - .5�"
SECTION 2. This Ordinance shall be in full force
and effect from and after its passage.
PASSED: December 4, 1967
ATTEST:`, �f- -;� J APPROVED:
City Clerk Mayor