Laserfiche WebLink
Section 5. That all rates and rules and regulations <br /> established by Grantee from time to time shall be reasonable and <br /> wr. Grantee's rates for electric service shall at all times be subject <br /> to such regulation as may be provided by State law. The Outside <br /> City Limit Surcharge levied by the Grantee on electric rates is as <br /> governed by state regulations and may not be changed unless and <br /> until such state regulations are changed and even in that event <br /> such charges shall not be increased from the present ten (10%) per <br /> cent above the prevailing City of Vero Beach base rates without a <br /> supporting cost of service study, in order to assure that such an <br /> increase is reasonable and not arbitrary and/or capricious. <br /> The right to regulate electric rates, impact fees, <br /> service policies or other rules or regulations or the <br /> construction, operation and maintenance of the electric system is <br /> vested solely in the Grantee except as may be otherwise provided <br /> by applicable laws of the Federal Government or the State of <br /> Florida. <br /> Section 6. Prior to the imposition of any franchise <br /> fee and/or utility tax by the Grantor, the Grantor shall give a <br /> minimum of sixty (60) days notice to the Grantee of the imposition <br /> of such fee and/or tax. Such fee and/or tax shall be initiated <br /> only upon passage of an appropriate ordinance in accordance with <br /> Florida Statutes. Such fee and/or tax shall be a percentage of <br /> gross revenues from the sale of electric power and energy to <br /> customers within the franchise area as defined herein. Said fee <br /> and/or tax, at the option of the Grantee, may be shown as an <br /> additional charge on affected utility bills. The franchise fee, <br /> if imposed, shall not exceed six (68) per cent of applicable gross <br /> revenues. The utility tax, if imposed, shall be in accordance <br /> with applicable State Statutes. <br /> Section 7. Payments of the amount to be paid to <br /> Grantor by Grantee under the terms of Section 6 hereof shall be <br /> made in monthly installments. Such monthly payments shall be <br /> rendered twenty (20) days after the monthly collection period. <br /> The Grantor agrees to hold the Grantee harmless from any damages <br /> or suits resulting directly or indirectly as a result of the <br /> -3- <br /> 1 I <br />