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TO: <br />THRU: <br />THE HONORABLE BOARD OF <br />COUNTY C©MMISSIO""--� <br />TERRANCE G. PINT <br />UTILITY SERVICES <br />DATE: NOVEMBER 4, 1985 <br />SUBJECT: RIVERWALK UTILITIES <br />FRANCHISE RATE SCHEDULE <br />FROM: JOANNE L.-REIFF, FRANCHISE <br />ADMINISTRATOR, UTILITY SERV C S <br />DESCRIPTION AND CONDITIONS <br />Riverwalk Utilities, Inc. has a Franchise Resolution (No., 85-17) to supply <br />water and wastewater service to the Riverwalk Shopping -Center. This <br />commercial development occupies approximately 12.5 acres on the corner west <br />of U.S. Highway #1 and south of Roseland Road in north Indian River County <br />(see location map attached as Exhibit A). <br />Riverwalk Utilities, Inc. now submits their rate schedule for approval of <br />the Board of County Commission. The proposed rate schedule shall be <br />determined as follows: <br />"Operating Cost X Prorata Share of Building Area" <br />"'Operating Cost' means Riverwalk Utilities' actual expenses (the <br />"Expenses") (including maintenance, operation and replacement <br />costs) plus 60 (franchise fee) of the Expenses, plus 2-1/2% <br />(renewal and replacement account charge) of the Expenses, plus <br />15% of the Expenses, as an administration fee." <br />"'Prorata Share of Building Area' means the particular user's <br />total building area divided by the total building area in the <br />improvements being serviced by Riverwalk Utilities, Inc." <br />RECOMMENDATION <br />Staff recommends that the Board of County Commissioners approve Riverwalk <br />Utilities proposed rate schedule. <br />37 <br />NOV 13 1985 BOOK 62 FAGE 745 <br />