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RESOLUTION NO. 81-45 WHEREAS, this Board heretofore did grant a water fran- chise to HOBART LANDING SERVICES COMPANY, on October 7, 1970, under Resolution No. 70-44, said franchise being known as the "Hobart Landing Services Company Water Franchise'; and WHEREAS, publization of a Notice of Public Hearing was duly made; and WHEREAS, this Board did on July 1, 1981 hold a public hearing; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that the water franchise, being Resolution No. 70-44, previously issued to HOBART LANDING SERVICES COMPANY, shall include the following terms as either additions or amendments to Resolution No. 70-44 as the i case may be: 1. The rate schedule shall be changed and amended to pro' vide for the following user rates: WATER RATE Residential First 3,000 gallons $6.00 per month -minimum All over 3,000 gallons $1.00 per 1,000 gallons 2. HOBART LANDING SERVICES COMPANY agrees to immediately make available, maintain and replenish if diminished, the sum of $8,000.00 to be placed in an interest bearing account by the County. Hobart Landing Services Company shall be entitled to all interest accruing from such account, which interest shall be pay- able to Hobart on a monthly basis. The above funds shall be used as a sinking fund and applied only for repairs and/or re- placement by the County in the event Hobart fails to make neces- sary repairs or replacement as would be required by industry practice or custom in operating a water franchise of this size and kind. 3. HOBART LANDING SERVICES COMPANY agrees to cause to be paid to the County, as a future hookup charge into the County's master water system and as an impart fee, payment in the amount Ot $320.00 per lot which is sold by Hobart Brothers Company, an Ohio I