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1983-120
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1983-120
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Last modified
3/30/2023 12:21:26 PM
Creation date
3/30/2023 12:20:59 PM
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Resolutions
Resolution Number
1983-120
Approved Date
12/07/1983
Subject
Known as the "Pine Creek Water & Wastewater System Franchise"
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SECTION XIII <br />ADEQUATE CAPACITY <br />Utility warrants adequate capacity to service existing or <br />anticipated customers and agroes not to provide water and/or wastewater <br />service unless adequate capacity is available at the time any new <br />®w <br />connection is made. <br />SECTION XIV <br />® NOTICE OF ADJUMMENr OF RATES <br />Upon the initial connection of any customer to the water/wastewater <br />system or upon the reconnection of any new customer to the <br />water/wastewater system, the Utility shall furnish, by mail, a notice <br />setting forth the rate schedule then in effect and further containing <br />the following statement: <br />"The water/wastewater rates set forth herein <br />have been authorized pursuant to Indian River County <br />Water/Wastewater Franchise Resolution No. as <br />amended. Said water/wastewater rates are subject to <br />adjustment pursuant to said Resolution upon proper showing by <br />the Utility. Said rates are also subject to adjustment in <br />the event the water/wastewater franchise is terminated <br />and Indian River County commences to furnish <br />water/wastewater service to your property." <br />SECTION XV <br />RATE SCHEDULE <br />The rates charged by the Utility for its service hereunder shall at <br />all times be campensatory and shall be fair and reasonable and designed <br />to meet all necessary costs of the service, including a fair rate of <br />return on the fair valuation of its properties devoted thereto under <br />efficient and econani.cal management. The Utility agrees that the County <br />has the authority to enter into this Franchise Agreement and the <br />regulation of said Utility. Utility agrees that it shall be subject to <br />all authority now or hereafter possessed by the County or any other <br />regulatory body having competent jurisdiction to fix just, reasonable <br />and cmpensatory rates. When this franchise takes effect, the Utility <br />shall have authority to charge and collect, but not to exceed, the <br />following schedule of rates as contained in "Exhibit B" attached hereto, <br />which shall remain effective until changed or modified as herein <br />provided. In setting said rates, the County shall be guided by the <br />standards set forth in Florida Statute 367.081 relating to the <br />establishment of rates and charges. In any event, the Utility shall <br />always be responsible for justifying its proposed rates and charges by <br />the submission of accounting and engineering data to the County <br />8 <br />
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