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1973-076
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1973-076
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Last modified
6/28/2022 12:17:59 PM
Creation date
6/28/2022 11:34:59 AM
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Resolutions
Resolution Number
1973-076
Approved Date
12/05/1973
Resolution Type
Franchise
Subject
Sewer and Water Franchise
Breezy Village, Ltd.
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public sewer system or both to any person within the territory <br />® ;! as hereinbefore set forth, unless the same may be done at such a <br />cost to the Company as shall make the addition proposed <br />financially feasible. Financially feasible shall mean that with <br />a fair and reasonable rate to be charged by the Company for all <br />i <br />its services under this franchise; that such rate will produce to <br />i <br />the Company a sum sufficient to meet all necessary costs of the <br />services, including a fair rate of return on the net valuation <br />of its property devoted thereto under efficient and economical <br />management. The burden of showing that a prospective service to <br />the area is not financially feasible shall be the burden of the <br />Company. <br />SECTION XIII <br />The Company shall not sell or transfer its plant or <br />system to another nor transfer any rights under this franchise <br />to another without the approval of the Board, and provided <br />further that no such sale or transfer after such approval shall <br />be effective until the vendee, assignee or lessee has filed <br />with the Board an instrument in writing reciting the fact of <br />such transfer and accepting the terms of this franchise and <br />agreeing to perform all of the conditions thereof. In any <br />event, this franchise shall not be transferrable and assignable <br />until notice or request for transfer and assignment shall be <br />given by the Company to the Board in writing, accompanied by a <br />request from the proposed transferee, which application shall <br />contain information concerning the financial status and other <br />qualifications of the proposed transferee and such other <br />information as the Board may require. A public hearing shall <br />be held on such request of which notice shall be given by <br />publication in a newspaper regularly published in the County at <br />least one time not more than one month nor less that one week <br />preceding such hearing. Certified proof of publication of such <br />notice shall be filed with the Board. Said hearing may thereafter <br />8. <br />
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