Laserfiche WebLink
0 <br />a <br />0 <br />LL <br />i <br />U <br />a <br />W <br />M <br />0 <br />M <br />W <br />tll <br />0 <br />a <br />W <br />0 <br />LL <br />tl1 <br />W <br />Z <br />0 <br />replacement account has been collected and disbursed in accordance <br />with the terms of this Agreement. <br />SECTION XV <br />Escrow Charges <br />The Utility agrees to pay a fee in the amount of the <br />currently 'imposed contribution in aid of construction for each <br />unit in effect at the time of the issuance of a certificate of <br />occupancy, as a contribution in aid of construction charge (for <br />future connection to County water distributions mains) as provided <br />for in Ordinance 80-21, Section 3, Part B. Utility further agrees <br />to pay the sum of $285.60 per ERC for water plant capacity charge, <br />as each unit is completed as the future plant capacity charges as <br />provided for in Ordinance 80-22, Section 1 or according to the <br />Ordinances in effect at the time of the issuance of a certificate <br />of occupancy. <br />The County will establish separate interest bearing passbook <br />for the water system and will deposit all escrow charges paid for <br />any and all connections in this franchise. The fees referenced in <br />this section are subject to the escalation provisions of Section <br />XIV contained herein, using the County factor established in <br />Ordinance 80-21 and 80-22. The fees referenced in this section <br />shall always be reasonable and the County shall have the <br />obligation to prove the reasonableness of any increase in an <br />amount over that which is provided for by the escalation <br />provisions of Section XIV, in any given year. The parties agree <br />that the accounts shall be in the County's name but subject to the <br />escrow instructions, agreeable to the County and Utility, <br />delivered to a mutually agreed upon bank licensed to do business <br />in Indian River County. <br />Throughout the term of this franchise, the Utility shall be <br />entitled to any and all interest which shall -be paid annually on <br />or before September 30th of each year to the Utility. The Utility <br />shall be entitled to an accounting of said interest bearing <br />account at any time upon request made by it to the County. <br />II (A) Should the County at any time within the ensuing seven <br />(7) years provide a water distribution system and furnish water <br />services to individual customers within the franchise territory, <br />JUN 15 1983a� <br />11 � <br />.3 FAA,37. <br />