1983-066 - Laserfiche WebLink

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G •' and for use of county rights-of-way and public places. The Utility shall pay the 38 franchise fee quarterly. Said fee shall be shown as a separate additional charge On utility bills. The Utility shall supply the County with a copy of the Utility's annual report and financial stateuents. All records and all accounting of Utility shall be in accordance with the Uniform System of Accounts of the National Association of Regulatory Utilities Camdssioners and general accepted accounting principles. within ninety (90) days after close of fiscal year, the Utility shall suhmit financial statevents prepared by a CPA and in accordance with general accepting accounting standards and MUM. Upon demand by the Board the Utility will submit audited financial statevents certified by a CPA. Also, a letter fror a CPA certifying that the three percent (38) franchise fee and the two and one-half percent (21,8) renewal and replacenent account has been collected and disbursed fn accordance with the terns of this Agreement. Sf%•PI(RI XVS Escrow Charges The Utility agrees to pay a fee in the amount of the currently inposed contribution in aid of ccnstructic. for each unit in effect at the time of the issuance of a certificate of Occupancy, as a contribution in aid of colstruction charge (for future correction to County water distributions mains) as provided for in Ordinance 80-21, Section 3, Part B. Utility further agrees to pay a sum per EM for water and wastewater plant capacity charge, as each unit is completed as the future plant capacity charges as provided for in Ordinance 80-22, faction 1 or according to the Ordirancea in effect at the time of the issuance of a certificate of occupancy. The County will establish separate interest bearing passbook for the water and wastewater system and will deposit all escrow, charges paid for any and all connections in this franchise. The fees referenced in this section are subject to the escalation provisions of Sectio, XIV contained herein, using the Canty factor established in Ordinance 80-21 and 80-22. The fees referenced in this Section shall always be reasonable. Throughout the term of this franchise, the Utility shall be entitled to any and all interest which shall be paid annually on Or before September 30th of each year to the Utility. The Utility shall be 10