1983-044 - Laserfiche WebLink

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its properties devoted thereto under efficient and economical management. The Utility agrees that the County has the authority to enter into this Franchise Agreement and the regulation of said Utility. Utility agrees that it shall be subject to all authority now or hereafter possessed by the County or any other regulatory i body having competent jurisdiction to fix just, reasonable and compensatory rates. When this franchise takes effect, the Utility shall have authority to charge and collect, but not to exceed, the following schedule of rates, as contained in Exhibit B attached hereto, which shall remain effective until changed or modified as herein provided. Exhibit B hereby establishes a base facility rate structure whereby each customer shall pay his pro rata share of the fixed costs of the operation of the utility system keyed to the size of the meter serving his individual property. Additionally, the customer shall pay his pro rata share of the cost of the commodity of service rendered. In setting said rates, County shall be guided by the standards set forth in Florida Statute 367.081 relating to the establishment of rates and charges. In any event, the utility shall always be responsible for justifying its proposed rates and charges by the submission of accounting and engineering data to the Utilities Director. The County shall grant rates to the Utility which are just, reasonable and compensatory, which allow the utility a fair rate of return on its property, systems and additions thereto. Rates and charges may be amended, upon proper justification by Utility. Other provisions of this ordinance deal with the mechanisms of the setting of rates and charges. The rates to be charged can reflect a reasonable rate of return on a rate base that is inclusive of these items. The rate of return shall not exceed 12% of the rate base. CONNECTION CHARGE/Capacity Demand Fee Connection charge is $630.00 per Equivalent Residential Connection (ERC) for water service. For the purposes of this rate schedule, an ERC is equal to 350 gallons per day of water consumption to be treated. One condominium unit is equal to 250/350 of an ERC or .7143 of an ERC. 9