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Plant Capacity Charges set forth herein may be automatically escalated <br />based upon increases in utility construction index published in <br />Engineering News Record Magazine (ENR), If ENR goes out of business <br />an equivalent index will be determined and used by the County, entitled <br />"20 cities construction cost index", using as a base, the published <br />index for the quarter ending June 30, 1980. The County shall auto- <br />matcially adjust the plant capacity construction charges set forth <br />herein semi-annually, with the first such adjustment to be not earlier <br />than December 31, 1980. Any automatic escalation shall not exceed <br />the percentage difference between said construction cost index for <br />the base period as compared with the period of comparison. <br />SECTION 3. ESCALATION BY THE INDIAN RIVER COUNTY BOARD OF <br />COMMISSIONERS. <br />Separate and apart from the automatic escalation provisions <br />set forth above, the Utilities Department of the County may file <br />with the Commission a higher or lower assessment schedule, and in <br />support of that schedule, detail the reasons requiring such increased <br />assessments. Such reasons may include and be related in increasing <br />standards of service; inadequate or incorrect estimates of the total <br />anticipated assessments versus the actual investment levels required <br />by the County for water or sewer plant treatment facilities; actual <br />experience with regard to matters of service area density having a <br />direct bearing upon assessments received versus the cost of construction <br />of the facilities; matters of net investment bearing upon rates and <br />charges required of consumers and/or such other matters which may <br />reasonably bear upon the needs, necessities or consideration requiring <br />such change. <br />SECTION 4. USE OF PLANT CAPACITY FUNDS <br />All Plant Capacity Fees paid to the County shall be deposited <br />in the appropriate fund to be held and used only for the purposes of <br />expansion of Idian River County's water supply system and waste water <br />treatment system or for the payment of the debt service on loans <br />issued for the acquisition or expansion of such systems (either as <br />the original bond issue or any refunding thereof). Any funds or <br />deposit in said funds which are not immediately necessary for expendi- <br />ture may be invested as permitted by Florida Statutes and all income <br />-4- <br />