HomeMy WebLinkAbout11541ORDINANCE NO. 11,541
AN ORDINANCE AMENDING ORDINANCE NO. 113,314
OF THE CITY OF LITTLE ROCK, ARKANSAS, SAME
BEING THE BUS FRANCHISE ORDINANCE CURRENTLY
IN EFFECT, BY PROVIDING AN ADDITIONAL STEP
ENTITLED STEP 21 -A WITHIN THE SCHEDULE OF
ADJUSTMENTS APPEARING IN SECTION 22 OF SAID
ORDINANCE NO. 11,314; AND FOR OTHER PURPOSES.
WHEREAS, Ordinance No. 11,314 of the City of Little Rock,
Arkansas, passed September 21, 1962, grants unto Twin City
Transit, Inc., the right and privilege of operating passenger
b,u se s 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
17 as set forth in Section 22 (a)(4) of said Ordinance No. 11,314;
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 necessary to eliminate
continued operation by Twin City Transit, Inc., at a financial loss;
and
WHEREAS, Twin City Transit, Inc., has proposed certain combina-
tions of rates which are alleged to be sufficient to operate in
the future within the margin of profit permitted in said Ordinance
No. 11,314;
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF
THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. Section 22 of Ordinance No. 11,314, is hereby
amended to read as follows:
Page Two
"SECTION 22. SCHEDULE OF ADJUSTMENTS OF FARES
(a) (1) Whenever the Company is first required or permitted
to adjust fares, whichever is applicable, such adjust-
ments 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
17, 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 17 and
including such additional higher numbered steps simul-
taneously in order of sequence as may be permitted pur-
suant to this ordinance.
(b) Thereafter, whenever the Company is required to make
a decrease or permitted to make an increase, such de-
crease shall commence with the step next lower than the
step then in effect, and such increases 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 increase, be placed into effect simultaneously
as are required or permitted by the provisions of this
ordinance.
(4) If the Company, in a fare adjustment period in
which the rate of fare in effect is any one of the three
(3) highest steps in the schedule of adjustments set
(c)
Page Three
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 approximately 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/and all obligations under this ordinance.
SCHEDULE OF ADJUSTMENTS
Step
Adult
Cash
Fare
Fare Adu is
Per Tokens
Ride No. in
Tic ets or
or Tickets
Units Sold
To ens
Total
Cost
CrillUrenlg Schoi;l School Fare
Fare Tickets or
6 to 12 yrs. Tokens
Cash
1.
.20
.14k
10
$1.45
.07
.10
2.
.20
.14k
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 -1/3
13
2.00
.07
.10
7.
.20
.15k
10'%
1.55
.07
.10
8.
.20
.15 -5/6
6
.95
.07
.10
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
Page Four
SCHEDULE OF ADJUSTMENTS (continued)
Adult Fare Adults Tickets or Tokens Children's School Fare
Step Cash Per Tokens or Tickets Total Fare Tickets or Cash
Fare Ride No. in Units Sold Cost 6 to 12 yrs. Tokens
13.
.20
.17
5
.85
.07
.10
14.
.20
.17 -1/3
6
1.05
.07
.10
15.
.20
.172
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 -.112
.15
26.
.25
.20
5
1.00
.15
10/1.20 -.12
.15
27.
.25
.21
5
1.05
.15
10/1.25 -.122
.15
28.
.25
.22
5
1.10
.15
10/1.25 -.122
.15
29.
.25
.23
5
1.15
.15
10/1.25 -.122
.15
30.
.27
.23
5
1.15
.15
10/1.30 -.13
.15
31.
.27
.24
5
1.20
.15
10/1.35 -.132
.15
32.
.27
.25
5
1.25
.15
10/1.35 -.132
.15
33.
.30
.26
5
1.30
.15
10/1.40 -.14
.15
34.
.30
.27
5
1.35
.15
10/1.45 -.142
.15
35.
.30
.28
5
1.40
.15
10/1.50 -.15
.15
CHILDREN UNDER 5 FREE (WHEN ACCOMPANIED BY AN ADULT)
Transfer - 21�"
SECTION 2. This ordinance shall be in full force and effect from and
after its passage and approval.
PASSED: November 16, 1964
ATTEST: APPROVED:
i City Clerk Mayor