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thereto under efficient and economical management. The Corporation agrees that it shall be subject to all authority now or hereafter possessed by the County or any other regulatory body having competent jurisdiction to fix just, reasonable and compensatory rates. When this franchise takes effect, the Corporation shall have authority to charge and collect, but not to exceed the following schedule of rates, which shall remain effective until changed or modified as herein provided, to wit: MONTHLY WATER QUANTITY RATES PER UNIT: First 2,000 gallons. .' ,. . . . . . . . . . . . . . $10.00 Each 2, 000 gallons , , , , , , , , , , , , , , , , $ 2.00 CONNECTION CHARGE PER UNIT: Connection charge to be $l, 000.00 plus cost of materials and installation, ESCROW CHARGE PER UNIT. . . . . . . . . . $200.00 (a) The Corporation agrees upon the completion of each unit, to pay County, as a future hook-up charge into the County's master water system, a payment in the amount of $200.00. The County will establish an interest - bearing passbook account and will deposit each $200.00 unit payment into said account, holding said funds until such time as the County is in a position to supply water services to the franchised area. The parties agree that the account shall be in the County's name and shall be held under the following i conditions: (1) At any time that the County shall acquire its own water distribution system, and shall furnish water services to individual customers, all sums of money remaining in said account shall become the absolute property of the County and the Corporation shall relinquish all rights thereto. The County may raise or lower the impact fee by ordinance. Rom the effective date of change the fund will accrue with the revised charges deposited in the County's account. i I; JAN ' 91980 rwz s 00K CORDON B. JOHNSTON, ATTORNEY AT LAW, VERO BEACH, FLORIDA 44 PAGE 541.