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• <br />IRS E F (10/27/86) <br />RESOLUTION 414 <br />A RESOLUTION GRANTING TO THE CITY OF VERO <br />BEACH. FLORIDA, ITS SUCCESSORS AND ASSIGNS, <br />AN ELECTRIC FRANCHISE IN THE INCORPORATED <br />ARIAS OF THE TOME OP INDIAN RIVER SNORES, <br />FLORIDA; IMPOSING PROVISIONS AND CONDITIONS <br />RELATING THERETO; AND PROVIDING AN <br />EFFECTIVE DATE. <br />BE IT RESOLVED by the Board of the Town of Indian River <br />Shores , Indian River County, Florida, as follows: <br />Section 1. That there is hereby granted to the City <br />of Vero Beach, Florida (herein called "Grantee"), its successors <br />and assigns, the sole and exclusive right, privilege or franchise <br />to construct, maintain, and operate an electric system in, under, <br />upon, over and across the present and future streets, alleys, <br />bridges, easements and other public places throughout all the <br />incorporated areas of the Town of Indian River Shores, Florida, <br />(herein called the "Grantor"), lying south of Winter Beach Road, <br />as such incorporated limits were defined on January 1, 1986, and <br />its successors, in accordance with established practices with <br />respect to electric system construction and maintenance, for a <br />period of thirty (30) years from the date of acceptance hereof. <br />Such electric system shall consist of electric facilities <br />(including poles, fixtures, conduits, wires, meters, cable, etc., <br />and, for electric system use, telephone lines) for the purpose of <br />supplying electricity to Grantor, and its successors, the <br />inhabitants thereof, and persons and corporations beyond the <br />limits thereof. <br />Section 2. Upon acceptance of this franchise, <br />Grantee agrees to provide such areas with electric service. <br />All of the electric facilities of the Grantee shall be <br />constructed, maintained and operated in accordance with the <br />applicable regulations of the Federal Government and the State of <br />Florida and the quantity and quality of electric service delivered <br />and sold shall at all times be and remain not inferior to the <br />applicable standards for such service and other applicable rules, <br />regulations and standards now or hereafter adopted by the Federal <br />-1- <br />(09 <br />