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1975-020
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1975-020
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1/10/2023 1:43:29 PM
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1/10/2023 1:43:14 PM
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Resolutions
Resolution Number
1975-020
Approved Date
04/23/1975
Resolution Type
Water & Sewer Franchise
Entity Name
Gulf & Western Food Products Co.
Subject
Water & Sewer Franchise Adopted 10/24/1973 accepted 2/3/1975
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• <br />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 />its services under this franchise; that such rate will produce to <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 />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 than one week <br />precedingsuch 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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