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economical management. The Corporation agrees that the County <br />has the authority to enter into this franchise agreement and the <br />regulation of the Corporation. Corporation agrees that it shall <br />be subject to all authority now or hereafter possessed by the <br />County or any other regulatory body having competent <br />jurisdiction to fix just, reasonable and compensatory rates. <br />When this franchise takes effect, the Corporation shall have <br />authority tv charge <br />dila uUileCt but not t0 8IiC@ed the schedule <br />of rates, as contained in Exhibit "B" attached hereto, which <br />shall remain effective until changed or modified as herein <br />provided. Exhibit "B" hereby establishes a base facility rate <br />structure whereby each customer shall pay his pro rata share of <br />the fixed costs of the operation of the utility system keyed to <br />the size of the meter serving his individual property. <br />Additionally, the customer shall pay his pro rata share of the <br />cost of the commodity of service rendered, whether it be water <br />delivered or sewage treated. In setti.ig said rates, County <br />shall be guided by the standards set forth in Florida Statute <br />367.0^1 relating to the establishment of rates and charges. In <br />any event, the utility shall always be responsible for <br />justifying its proposed rates and charges by the submission of <br />accounting and engineering data to the Utilities Director. The <br />County shall grant rates to the company which are just, <br />reasonable and compensatory, which allow the utility a rate of <br />return on the fair value of its property, systems and additions <br />thereto. Rates and charges may be amended, upon proper <br />justification, by Corporation. Other provisions of this <br />ordinance deal with the mechanisms of the setting of rates and <br />charges. <br />The Corporation shall have the right to include the <br />value of its property dedicated to providing utility service in <br />the establishment of utility rates. The rates to be charged can <br />reflect a reasonable rate of return on a rate base that is <br />inclusive of these items. <br />CONNECTION CHARGES/Capacity Demand Fee: <br />-11- <br />