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RESOLUTION NO. 83-122 <br />WHEREAS, on the 9th day of November, 1983, General Development <br />Utilities, Inc. pursuant to a properly filed and noticed request for rate <br />O <br />relief, appeared at a public hearing before the Board of County <br />Commissioners of Indian River County, Florida; and <br />WHEREAS, the Board of County Commissioners of Indian River County, <br />Florida, hereinaftbr referred to as "Board", received and reviewed <br />documentary exhibits as filed on behalf of General Development Utilities, <br />• Inc., hereinafter referred to as "Petitioner", and had opportunity to <br />question Petition and, in addition, allowed for comment from citizens of <br />Indian River County residing within the franchise area; and <br />WHEREAS, the Board found that the Petitioner was entitled to <br />receive a portion of the rate relief requested; and <br />WHEREAS, the Board approved the required changes in the <br />Petitioner's approved tariffs to reflect the rate relief requested, changes <br />in rate structures, deposits and connection charges. <br />NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that the Resolution dated <br />April 5, 1960 between INDIAN RIVER COUNTY, FLORIDA and GENERAL DEVELOPMENT <br />UTILITIES, INC., as subsequently amended by Resolution No. 77-95 Resolution <br />80-15 and 81-101 is hereby amended as follows: <br />SECTION 14 <br />The rates charged by the Company for its service hereunder shall <br />be fair and reasonable and designed to meet all necessary costs of the <br />service, including a fair rate of return on the net valuation of its <br />properties devoted thereto under efficient and economical management. The <br />Company agrees that it shall be subject to all authority now or hereafter <br />possessed by the County or any other regulatory body having competent <br />Jurisdiction to fix just, reasonable and compensatory rates. When this <br />franchise takes effect, the Company shall have authority to charge and <br />collect not to exceed the following schedule of rates, which shall remain <br />effective until changed or modified as herein provided to -wit: <br />RESIDENTIAL SERVICE RATE SCHEDULE <br />Availability - Available throughout the area served by the Company. <br />Applicability - For water service for all purposes in private residences and <br />individually -metered apartment units. <br />Limitations - Subject to all of the Rules and Regulations of this Tariff. <br />- 1 - <br />LEG.70/26/11/22/83 <br />