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SECTION XIV <br />The rates charged by the Partnership for its service hereunder <br />shall be fair and reasonable and designed to meet all necessary costs of <br />the service, including a fair rate of return on the net valuation of its <br />properties devoted thereto under efficient and economical management. <br />I The Partnership agrees that it shall be subject to all authority now or <br />i <br />i <br />hereafter possessed by the County or any other regulatory body having <br />competent jurisdiction to fix just, reasonable and compensatory rates. <br />i <br />When this franchise takes effect, the Partnership shall have authority to <br />charge and collect, but not to exceed the following schedule of rates, <br />which shall remain effective until changed or modified as herein provided, <br />to wit: <br />WATER <br />Residential and Commercial <br />(whether individual meter or <br />commercial meter) <br />First 2,000 gallons (Base Rate <br />per unit) <br />All over 2,000 gallons <br />SEWER <br />Residential <br />First 2,000 gallons (Base Rate <br />per unit) <br />All over 2,000 gallons <br />Including schools, public buildings, <br />churches, service stations, retail <br />stores, and all non-residential services <br />CONNECTION CHARGES <br />RATE <br />$7.10 per month, minimum <br />$1.50 per 1,000 gallons <br />RATE <br />$7.10 per month, minimum <br />8770 of $1.50 per 1,000 gallons <br />up to 10,000 additional gallons, <br />maximum <br />1007, of water bill <br />Connection charges for both the water and sewer hookups shall <br />be $300.00 each. <br />-11- <br />CORDON 0. JOHNSTON, ATTORNEY AT LAW, VERO BEACH, FLORIDA <br />