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r FEB 18 195 BOOK 5 be very careful because they have pole rentals and other expenses and if people are willing to pay their fair share, they will serve them with the understanding that more homes will be built in the area which will help to compensate the cost, i.e., they will work with developers and property owners and as more homes are built within a certain period of time, they will refund money on those homes. Attorney Brandenburg swore in Stratford Smith of Alexander and Associates, who requested that their consulting report be made apart of the record. (SAID REPORT IS ON FILE IN THE OFFICE_OF THE CLERK Mr. Smith introduced Frederick Bolte, a rate consultant called in by Alexander and Associates, and reviewed Mr. Bolte's background and experience in these matters. In reviewing their report, Mr. Smith explained that the first part is a evaluation of the past operations of Florida Cablevision and its proposed rebuild in'light of the proposed rate increase. Part 2 is the financial analysis and justification of the proposed rate increase which was prepared by Mr. Bolte. The report is basically favorable as far as the past operations and proposed rebuild is concerned. Mr. Smith believed it is high time for the plant to be replaced and felt it is remarkable that they have given the quality of service they have with that old system. He felt that the company has a unique quality control program and a dedicated technical staff. He noted that the rebuild proposal is for state of the art equipment, but pointed out that does not necessarily mean that the services will be state of the art compared to cable companies in cities like Chicago or Miami. If a need develops for state of the art service, the system will be able to adapt. In addition, the cable company's response to complaints has been good. In summary, Mr. Smith stated that they found nothing in the operation that would mitigate against the rate proposal. 7