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I <br />1 0 <br />RICHARD P. 00130SIAN <br />ATTORNEY AT LAW <br />U14 T"ENTY FIRST STREET <br />VERO BEACH, FLORIDA <br />329641 <br />reasonable return on its investment. <br />3. That the Applicant be allowed to increase its revenues so <br />as to allow it to earna fairandreasonable return on its investmen <br />4. That the Board take such action as may be appropriate and <br />necessary in this proceeding.. <br />Dated this 22nd -day of May, 1978. <br />:Respectfully submitted, <br />Richard P. Bogoslan <br />Attorney for Applicant <br />1418 21st Street <br />Vero Beach, Florida 32960 <br />NG K 13 FAu;*. III <br />JUL 19 1978 <br />BEFORE THE BOARD OF COUNTY COI*.T.ISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA <br />In Re: Application of Ixora Utilities, <br />Inc. for authority to increase its rates <br />for water and sewer service. <br />APPLICATION <br />Ixora Utilities, Inc., files this application for authority <br />to.increase. its water rates and sewer rates, and states: <br />l.. Ixora Utilities, Inc., operates as a water and sewer <br />utility in Indian River County, Florida, pursuant to franchise <br />issued by this Board. <br />7 <br />.2. The rates being charged byApplicant are not now producing <br />any return and therefore are confiscatory. <br />3. A fair rate of return on Applicant's water and sewer plant <br />and system raLte base of $144,618.00 is 10%. The proposed rates <br />set out in paragraph #4 will produce a 10% rate of return. <br />4. The Applicant's present rates and those proposed in'this.., <br />proceeding sothat a fair and reasonable rate of return will be <br />realized by the Applicant are as follows: <br />PRESENT PROPOSED <br />Water Rate Tariff Rates RATES <br />Minimum Charge - From 0 to <br />4,500 Gallon Consumption $6.00 $10.50 <br />Each Additional 1,000 f <br />Gallons $1.00 1.50 <br />Sewer Rate Tariff <br />Flat Rate Charge -Per month $7.00 .$12.50 <br />WHEREFORE, Applicant requests as follows: <br />l.—That, the Board of County Commissioners of Indian Rivdr, <br />County, Florida take jurisdiction of this application. <br />2. That the Board take the 'necessary action to'approve the <br />rates proposed above so.that Applicant will realize a fair and <br />RICHARD P. 00130SIAN <br />ATTORNEY AT LAW <br />U14 T"ENTY FIRST STREET <br />VERO BEACH, FLORIDA <br />329641 <br />reasonable return on its investment. <br />3. That the Applicant be allowed to increase its revenues so <br />as to allow it to earna fairandreasonable return on its investmen <br />4. That the Board take such action as may be appropriate and <br />necessary in this proceeding.. <br />Dated this 22nd -day of May, 1978. <br />:Respectfully submitted, <br />Richard P. Bogoslan <br />Attorney for Applicant <br />1418 21st Street <br />Vero Beach, Florida 32960 <br />NG K 13 FAu;*. III <br />JUL 19 1978 <br />