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40 <br />0 <br />2 <br />RESOLUTION NO. 77-5 <br />WHEREAS, This Board heretofore did grant a water and sewer franchise <br />to Southern Gulf Utilities, Inc. , said franchise being known as the Southern Gulf <br />Utilities Water and Sewer Franchise, and, <br />WHEREAS, this Board approved the transfer of said franchise to Treasure <br />Coast Utilities, Inc. by Resolution No. 78-32 and, <br />WHEREAS, this Board did receive a request in writing from Treasure Coast <br />Utilities, Inc. for a sewer and water rate increase and, <br />WHEREAS, after public notice of public hearing, the Board of County <br />Commissioners finds that a sewer and water rate increase are to be justified and <br />in the public interests and that Section XIV of the Southern Gulf Utilities, Inc. Water <br />and Sewer Franchise as transferred to Treasure Coast Utilities, Inc. should be <br />amended accordingly and, <br />THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS <br />OF INDIAN RIVER COUNTY, FLORIDA, that <br />1. SECTION NIV of Southern Gulf Utilities, Inc. Water and Sewer Franchise <br />as transferred to Treasure Coast Utilities, Inc. is hereby amended as follows: <br />SECTION XIV <br />The rates charged by the Owner for its service hereunder shall <br />be fair and reasonable and designed to meet all necessary costs of the <br />service, including a fair rate of return on the net valuation of its <br />properties devoted thereto under efficient and economical management. <br />The Owner agrees that it shall be subject to all authority now or <br />hereafter possessed by the County or any other regulatory body <br />having competent jurisdiction to fig: just, reasonable and compensatory <br />rates. The Owner shall have authority to charge and collect, but not <br />to exceed the following schedule of rates, which shall remain effective <br />until changed or modified as herein provided, to -wit: <br />MONTHLY WATER RATES <br />First 3500 gallons $5.00 minimum per month <br />Over 3500 gallons $1.25 per 1000 gallons or any part thereof <br />The foregoing water rates shall apply per residential or commereial unit. <br />A"residential unit" for purposes of this Section is defined as a residential structure <br />intended for the use of a single family. A "commercial unit" for purposes of this <br />Section, is any structure or part thereof not used primarily for residential purposes. <br />Water Hook-up and Connection Charge -$3.50.00 -per residential or commercial <br />unit. (Payable upon initial connection) <br />_Guarantee Deposit for Water Service (Retunrable)_-_$10.00 - 6% <br />per annum interest payable annually to customer�� <br />