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SECTION XVII <br />CONNECTION CHARGE/CAPACITY DEMAND FEE <br />Connection charges and capacity demand fees shall be established <br />by public hearing as are held for setting rat -s. <br />SECTION XVIII <br />A. The Utility hereby agrees to pay to the County a franchise <br />fee in the amount of 61 of the Utility'n annual gross <br />receipts, or operating costs (which Lnciu(jen the rate of <br />return), wh.ichev,�r is greater. If utility does not have a <br />rate schedule then it shall p.-iy 6; of Lt,, gross operatin,j <br />costr.. or the sun of ,500.00, whLchever in greater. The <br />Utility shaLL pay the! 0 franchic;e f.Me rtujr`e•rty. This fee <br />ahal.l he .r,hown as a separate ,allitLonil charge on utility <br />billr;. <br />15. The utility sh:aLI :uppty thn County with a copy of the <br />Ut. i l i.ty'r; annua l reprart. inrl f In inc: L.t L E.tatema,nt.s. All <br />records and all aunting of thy. Ut-iLity shill be in <br />accordance with thr^ Uniform Sy--;to-,i nr Account; ar thn <br />National. Annoc:iat.inn of Regulatory (JtAL ti.e.,*: Co^,;ai^;:lr,rloe <br />and gen,�rally acr;.i.tn:i aircountinj prLn,:LpLes. wlthLn 00 <br />d•ayr; after the c:ln=;<+ of the fiscal year the UtLLLty nhiLL <br />sub. -_1t rin:anr:Lal. .;tsar_:: hnt.:: prepared by a CPA. rip -)n demain:l <br />by thra County the tltLllty r;tIalt ;rkam[t. .nu;fit:t rinanctal <br />statements Certified by .a CPA .ant 11.31) a letter fron i CPA <br />certifying that the 6% t-:., ant any other requested <br />fees hove been collected aril rti t, ir::.ri in accordance with <br />the terns or thi• hrtreement. <br />A. The Utility shall place into a County €:r.;crow account an <br />amount equal to the County inpact fee current at the time of <br />the issuance of a building permit. <br />B. The County will doponit .all escrow charge: paid for any anJ <br />all connections in this; franchise into an interect bearing <br />account with the interest remaining in the account. <br />C. Should the County at any time take over the systen the noney <br />remaining in the account shall becone the absolute property <br />of the County and the Utility shall have no rights thereto. <br />-10- <br />