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, 4� 40 costs of distribution and treatment facilities; and second, their degree of treatment sophistication as prescribed by the Department of Environmental Regulation or body having jurisdiction over the matter. Without County approval, the schedule of connection charges set forth do herein may be escalated based upon increases in utility construction costs as evidenced by the quarterly construction .index published in Engineering_New Record Ma azi_ne, "Construction Cost Index, 20 Cities". Utility shall adjust the connection charges set forth herein semi-annually, with the first such adjustment to be not earlier than January I, 1984. Any escalution shall not exceed the percentage • difference between said construction cast index for the base period ending September 30, 1981, as compared with the period of comparison. Escrow charges and fees as contain in Section 14V below shall be included in the respective connection charges listed above and incorporated therein. RFY`VT(W X[IT .Escrow Charges The Utility agrees to pay a fee in the amount of the currently imposed contribution in aid of construction for each unit in effect at the time of the issuance of a certificate of occupancy, as a contribution in aid, of construction charge (for future connection to County water distribution mains or wastewater collection systems) as provided for in ordinance 80-21, Section 3, Part B. Utility further agrees to pay a sum per ERC for water and wastewater plant capacity 10 FRANCHISE EU, The Utility hereby agrees to pay to the County a franchise fee in the amount of six percent (6%) of the Utility's annual gross receipts, (or the sum of five hundred dollars ($500) , whichever is greater), derived frau monthly service charges to defray the cost of regulation and for use of County rights-of-way and public places. The Utility shall pay the 6% 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 statements. All records and all accounting of Utility shall be in accordance with the Uniform System of Accounts of the National Association of Regulatory Utilities co mnissioners and general accepted accounting principles. Within ninety (90) days after close of fiscal year, the Utility shall submit financial statements prepared by a CPA and in accordance with general accepting accounting standards and NARUC. Upon demand by the hoard the Utility will submit audited financial state =ts certified by a CPA. Also, a letter from a CPA certifying that the six percent (6%) franchise fee and the two and one-half percent (2�%) renewal and replacement account has been collected and disbursed in accordance with the tem s of this Agreement. RFY`VT(W X[IT .Escrow Charges The Utility agrees to pay a fee in the amount of the currently imposed contribution in aid of construction for each unit in effect at the time of the issuance of a certificate of occupancy, as a contribution in aid, of construction charge (for future connection to County water distribution mains or wastewater collection systems) as provided for in ordinance 80-21, Section 3, Part B. Utility further agrees to pay a sum per ERC for water and wastewater plant capacity 10