9/7/1983 - Laserfiche WebLink

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M AMY •.► �l NOTICE OF ADJUSTMENT OF RATES Upon the initial connection of any custerner to the water/wastewater system or upon the reconnection of any new customer to the water/wastewater system, the Utility shall furnish, by mail, a notice setting forth the rate schedule then in effect and further containing the following statement: "The water/wastewater rates set forth herein have been authorized pursuant to Indian. River County Water/Wastewater Franchise Resolution No. as amended. Said water/wastewater rates are subject to adjustment pursuant to said Resolution upon proper shoring by the. Utility. Said rates are also subject to adjustment in the event the water/wastewater franchise is terminated and Indian River County commences to furnish water/wastewater service to your property. " SECTION XV RATE SCFWULE The rates charged by the Utility for its service hereunder shall at all times be compensatory and shall be fair and reasonable and designed to meet all necessary costs of the service, including a fair rate of return on the fair valuation of its properties devoted thereto under efficient and economical management. The Utility agrees that the County has the authority to enter into this Franchise Agreement and the regulation of said Utility. Utility 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 Utility shall have authority to charge and collect, but not. to exceed, the following schedule of rates and rate of return, as contained in "Exhibit B" attached hereto, which shall remain effective until changed or modified as herein provided. In setting said rates, the County shall be guided by the standards set forth in Florida Statute 367.081 relating to the establishment of rates and charges. In any event, the Utility shall always be responsible for justifying its proposed.rates and charges by the submission of accounting and engineering data to the County Utilities Director. The,County shall grant rates to the Utility which are just, reasonable and compensatory, which allow the Utility a fair rate of return on its property, systems and additions thereto. Rates and charges may be amended, upon proper justification by the Utility. Other provisions of this Ordinance deal with the mechanisms of the setting of rates and charges. 8 SEP '� 1983 483