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1973-082
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1973-082
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6/28/2022 12:16:43 PM
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6/28/2022 12:11:35 PM
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Resolutions
Resolution Number
1973-082
Approved Date
01/09/1974
Resolution Type
Franchise
Subject
Sewer and Water Franchise
Village Green Water & Sewer
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set forth, unless the same may be done at such a cost to the <br />Owner as shall make the addition proposed, financially and physically <br />feasible. Financially feasible shall mean that with a fair and <br />reasonable rate to b e charged by the Owner for all the services <br />under this franchise, to the end, that such rate will produce to <br />the Owner a sum sufficient to meet all necessary costs of the ser- <br />vices; including a fair rate of return on the net valuation of its <br />property devoted thereto, under efficient and economical manage- <br />ment. The burden of showing that a prospective service to the <br />area is not financially feasible shall be the burden of the Owner. <br />SECTION 13 <br />The Owner shall not sell or transfer its plant or system <br />to another nor transfer any rights under this franchise to another <br />without the approval of the Board and provided, further, that no <br />such sale or transfer after such approval shall be effective until <br />the vendee, assignee or lessee has filed with the Board an instru- <br />ment in writing reciting the fact of such transfer and accepting <br />the terms of this franchise and agreeing to perform all of the <br />conditions thereof. In any event, this franchise shall not be <br />transferrable and assignable until notice or request for transfer <br />and assignment shall be given by the Owner to the Board in writing, <br />accompanied by a request from the proposed transferee, which ap- <br />plication shall contain information concerning the financial <br />status and other qualifications of the proposed transferee and <br />such other information as the Board may require. A public hear- <br />ing shall be held on such request of which notice shall be given <br />by publication in a newspaper regularly published in the County <br />at least one time not more than one month nor less than 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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