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rAPR 2 0 1983 <br />second, the theory of treatment facilities and their degree of <br />treatment sophistication as prescribed by the Department of <br />Environmental Regulation or body having jurisdiction over the <br />matter. Without the County approval, connection charges set <br />forth herein shall be escalated based upon increases in utility <br />construction costs as evidenced by the quarterly construction <br />index published in Engineering News Record Magazine, <br />"Construction Cost Index, 20 Cities." Corporation shall adjust <br />the connection charges set forth herein semi-annually, with the <br />first such adjustment to be not earlier than January 1, 1983. <br />Any escalation shall not exceed the percentage difference <br />between said construction cost index for the base period ending <br />September 30, 1981, as compared with the period of comparison. <br />Escrow charges and fees as contained in Section XV below shall <br />be included in the respective connection charges listed above <br />and incorporated therein. <br />The Corporation hereby agrees to pay to the County a <br />franchise fee in the amount of 3% of the Corporation's annual <br />gross receipts, derived from monthly service charges to defray <br />the cost of regulation and for use of county rights-of-way and <br />public places. The Corporation shall pay the 3% franchise fee <br />quarterly. Said fee shall be shown as a separate additional <br />charge on utility bills. <br />The Corporation shall supply the County with a copy of <br />the Corporation's Annual Report and financial statements. All <br />records and all accounting of Corporation shall be in accordance <br />with the Uniform System of Accounts of the National Association <br />of Regulatory Utilities Commissioners and general accepted <br />accounting principles. Within ninety (90) days after close of <br />fiscal year, the Corporation shall submit financial statements <br />certified by a CPA and in accordance with general accepting <br />accounting standards and NARUC. Also, a letter from a CPA <br />certifying that the 3% franchise fee and the 2 1/2% renewal and <br />replacement account has been collected and disbursed in <br />accordance with the terms of this Agreement. <br />SECTION XV <br />ESCROW CHARGES: <br />Corporation agrees to pay a fee in the amount of the <br />currently imposed contribution in aid of construction for each <br />-12- <br />