Laserfiche WebLink
r � � <br />governmental agency, other utility or supplier of electric power. <br />Provisions of the subsection shall not prevent a utility from seeking <br />changes in rates pursuant to the provisions of subsection. <br />(b) If, within 24 months of an adjustment in the rates as <br />authorized by this subsection, the Board shall find that a utility did <br />thereby exceed the range of its last authorized rate of return, it may <br />order the utility to refund the difference to the rate payers. This <br />provision shall not be construed to require a bond or corporate <br />undertaking not otherwise required. <br />(c) Notwithstanding anything herein to the contrary, no <br />utility may adjust its rates under this subsection more than two times <br />in any 12 month period. <br />C!'ION CHARGE/CAPACITY DEMAND FEE <br />Connection charges shall be established by public hearing prior to <br />system going into operation. <br />FRANCHISE FEE <br />1. The Utility hereby agrees to pay to the County a franchise fee <br />in the amount of six percent (6%) of the Utility's annual gross <br />receipts, (or the sum of five hundred dollars ($500), whichever is <br />greater), derived frcxn monthly service charges to defray the cost of <br />regulation and for use of County rights-of-way and public places. The <br />Utility shall pay the 6% franchise fee quarterly. Said fee shall be <br />shown as a separate additional charge on utility bills. <br />2. The Utility shall supply the County with a copy of the <br />Utility's annual report and financial statements. All records and all <br />accounting of Utility shall be in accordance with the Uniform System of <br />Accounts of the National Association of Regulatory Utilities <br />Commissioners and general accepted accounting principles. Within ninety <br />(90) days after close of fiscal year, the Utility shall submit financial <br />statements prepared by a CPA and in accordance with general accepting <br />accounting standards and NARUC. Upon demand by the Board the Utility <br />will submit audited financial statements certified by a CPA. Also, a <br />letter from a CPA certifying that the six percent (60) franchise fee and <br />the two and one-half percent (2h%) renewal and replacement account has <br />been collected and disbursed in accordance with the terms of this <br />Agreement.- <br />APR <br />greement: <br />10 <br />APR 41384 <br />BOOK 5`6 FAGE'56' <br />