1982-110 - Laserfiche WebLink

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hereunder shall be fair and reasonable and designed to meet all necessary costs of the service, including a fair rate of return on the net valuation of its properties devoted thereto under efficient and economical management. The Corporation agrees that the County has the authority to enter into this franchise agreement and the regulation of said corporation. Corporation agrees that it shall be suhje(-t to all authority no,.-,, or hereafter possessed by the County or any other regulatory body having competent jurisdiction to fix just, reasonable and compensatory a rates. When this franchise takes effect, the Corporation shall have authority to charge and collect but not to exceed the following schedule of rates; SEWER RATE RESIDENTIAL & COMMERCIAL $10.00 per month per each residential or commercial unit CONNECTION CHARGES/Capacity Demand Fee Connection charges for Sewer_ service is $350.00 per Equivalent Resident Connection (ERC). For the purposes of this rate schedule, one Equivalent Residential Connection is equal to 350 gallons per day of water consumption or wastewater to be treated. One condominium unit is equal to 250/350 of an ERC or 71.43% of an ERC. The Corporation hereby agrees to pay to the County a franchise fee in the amount of 3% of the Corporation's annual gross receipts, derived from monthly service charges to defray the cost of regulation and for use of County rights-of-way and public places. The Corporation shall pay the 3€ franchise fee quarterly. The Corporation shall supply the County with a copy of the Corporation's Annual. Report and financial statements. Also, a letter from a CPA certifying that the 3 percent franchise fee and the 2-1/2 percent renewal and replacement account has been collected and disbursed in accordance with the terms of this agreement. SECTION XV Maintenance Escrow Charges and County Takeover (A) Tei; percent (10%) of the gross rates charged and -9-