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RESOLUTION NO. 81-101 <br />WHEREAS, on the 111 day of K) 10. , 1981 GENERAL DEVELOPMENT <br />UTILITIES, INC. pursuant to a properly filed and noticed application for <br />amendment to its franchise and adoption of. its Service Availability / Main <br />Extension Policy, appeared at a public hearing before the Board of County <br />Commissioners of Indian River County, Florida; and <br />WHEREAS, the Board of County Commissioners of Indian River County, <br />Florida, hereinafter referred to as "Board", received and reviewed <br />documentary exhibits as filed on behalf of General Development Utilities, <br />Inc., hereinafter referred to as "Petitioner", and had opportunity to <br />question Petitioner and, in addition, allowed for comment from citizens of <br />Indian River County residing within the franchise area; and <br />WHEREAS, only new customers of the system will be affected by the <br />changes to the Service Availability / Main Extension policy; and <br />WHEREAS, the Board considered the effect of the changes on future <br />customers; and <br />WHEREAS, the Board finds it in the public interest to amend the <br />franchise to include revised charges for extension fees and to adopt the <br />policy regarding Service Availability / Main Extension as Exhibit A hereto; <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that the Resolution dated <br />April 5, 1960 between INDIAN RIVER COUNTY, FLORIDA and GENERAL DEVELOPMENT <br />UTILITIES, INC., as subsequently amended by Resolution No. 77-95 and <br />Resolution 80-15 is hereby amended as to Section 14 of the original <br />Resolution as amended, to read as follows: <br />The rates charged by the Company for its service hereunder shall <br />be fair and Yeasonable 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. The <br />Company agrees that it shall be subject to all authority now or hereafter <br />possessed by the County or any other regulatory body having competent <br />jurisdiction to fix just, reasonable and compensatory rates. When this <br />