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CM <br />13 - <br />Section 7. That the City has heretofore fixed rates <br />to be charged for the services of the System and reference is <br />hereby made to the schedule of rates and other provisions per- <br />taining thereto on file in the office of the City Clerk, which <br />rates and provisions are hereby confirmed and continued. <br />The City covenants and agrees that the rates established <br />will produce gross revenues at least sufficient to pay operation <br />and maintenance expenses of the System, pay the interest on all <br />outstanding Bonds, as the same become due and the Trustee's and <br />Paying Agent's fees, create and maintain debt service reserves, <br />and to make the required deposits for depreciation as specified <br />by this Ordinance. The City covenants always to maintain rates <br />(including increases as necessary) which will provide for the <br />maintenance of the funds hereinafter described. The rates shall <br />never be reduced while any of the Bonds are outstanding unless <br />there is obtained from a certified public accountant not in the <br />regular employ of the City a certificate reciting the opinion <br />that the proposed new rates will produce sufficient net revenues <br />(.net revenues being gross revenues to be derived during the next <br />twelve (12) months less the reasonably anticipated cost of operation <br />and maintenance for the next twelve (12) months and less the re- <br />quired deposits for depreciation of the System for the next twelve <br />(12) months) equal to not less than 1500 of the average annual <br />interest and Trustee's and Paying Agent's fees on all Bonds then <br />outstanding to which System revenues are pledged. <br />It is understood that included in the Improvements are <br />steam generating facilities, which will enable the City to sell <br />steam aenerated in connection with the burning of refuse. All <br />revenues derived from sales of steam pursuant to the Steam Sale <br />Agreement or otherwise shall be deemed and treated as revenues <br />of the System and all expenses in connection therewith will be <br />deemed expenses of the System. <br />