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II. Connection Charge <br />Meter Size Charge <br />5/811 $ 1,100.00 <br />l„ 2,750.00 <br />lk„ 5,500.00 <br />211 <br />8,800.00 <br />311 <br />17,600.00 <br />411 <br />27,500.00 <br />6„ 55,000.00 <br />In determining meter size, the Corporation shall not perinit <br />sizing to be in excess of that reasonably required according to <br />recognized engineering standards. In making said determination, <br />however, the Corporation may rely upon certification from a <br />registered engineer representing the Developer. <br />The basis for the above charges as set forth herein has been <br />structured with regard to two major but variable factors; first, <br />the present level of construction cost of water transmission, and <br />o water treatment plant facilities; second, the theory of treatment <br />a <br />4 <br />facilities and their degree of treatment sophistication as <br />I <br />W prescribed by the Department of Health and Rehabilitative Services <br />Wand the Department of Environmental Regulation or other body <br />o having jurisdiction over the matter. Without Board approval the <br />2 <br />" connection charges set forth herein shall be escalated based upon <br />1. <br />0 increases in utility construction costs as evidenced by the <br />Z <br />quarterly Construction Index published in Engineering News Record <br />0 <br />Magazine, "Construction Cost Index, Twenty Cities." Said <br />connection charges shall be adjusted semi-annually, with a first <br />such adjustment occurring not earlier than January 11 1983. Any <br />escalation shall not exceed the percentage difference between said <br />Construction Cost Index for the base period ending September 30, <br />1981, as compared with the period of comparison. <br />In order to defray the cost of regulation, use of public <br />Right of Ways, etc., the Corporation hereby agrees to pay to the <br />County a franchise fee in the amount of 3% of the Corporation's <br />gross revenues collected from monthly service charges. The <br />Corporation shall pay the 3% franchise fee quarterly. Said fee <br />shall be shown as a separate additional charge on utility bills. <br />The Corporation shall, at the end of each fiscal year of <br />II Corporation, submit unaudited financial statements prepared by a <br />CPA and a certification by said CPA that based upon the financial <br />records of the Corporation reviewed by said CPA the 3% Franchise <br />12 <br />