The Council hereby finds and declares that:
(a) Many employers have adopted a minimum wage of $15 per hour for full-time employees.
(b) The cost of living expenses including but not limited to rent, gasoline, food and etc. have significantly increased.
(c) In order to be competitive and provide employees with a sufficient rate of pay, the Council has determined that it is the Pueblo's best interest to establish a standard minimum wage of $15 per hour for full-time employees.