1984-004 - Laserfiche WebLink

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Pprovided for in Ordinance 80-21, Section 3, Part B. Utility further IIID agrees to pay a sum per ERC for water and wastewater plant capacity �I charge, as each unit is coapleted as the future plant capacity charges as provided for in Ordinance 80-22, Section 1 or according to the SII® Ordinances in effect at the time of the issuance of a certificate of occupancy. 2. The County will establish separate interest bearing passbook for the water and wastewater system and will deposit all escrow charges I paid for any and all connections in this franchi.l. The feeF Lafere.. _ in this section are subject to the escalation of Section XIV U contained herein, using the County factor estar.:'ie' , Ordinance 80-21 and 80-22. The fees referenced in this Section s al' ..!ways be reasonable. 3. Throughout the tern of this franchise, the Utility shall be entitled to any and all interest which s.'^.r,11 , _ puld aiuivally on or before September 30th of each year to the Utility. The Utility shall be entitled to an accounting of said interest bearing account at any time upon request made by it to the County. (a) Should the County at any tine within the ensuing seven (7) years provide a water distribution system and/or wastewater collection system and furnish water and/or wastewater services to individual customers within the franchise territory, the sums of money remaining in said account consisting of plant capacity charges and contributions in aid of construction charges shall become the absolute property of the County and the Utility shall have no rights thereto. In such event, the Utility shall be absolved from the obligation of payment of further connection charges to the County and this Franchise shall terminate. In the event the above condition is not met by the County within seven (7) years from the date of this franchise agreement, the County shall have the following options: (1) Extend the franchise with all escrowed monies paid to the Utility and further escrows discontinued. (2) The County shall have the right to purchase the Utility's water off-site lines and wastewater system at Utility's original construction costs plus costs associated with capital additions and expansions to the system less three and one-half percent (3'%) depreciation per year. Depreciation on the water off-site lines and wastewater plant shall be calculated to start at the time the Countv issues a letter acknowledging the construction of the water off-site lines and wastewater system as provided in Section VI. Upon acquisition of the water off-site lines and wastewater system, the County would then own the entire water and/or wastewater system and would terminate this franchise and provide water and/or wastewater utility service to the franchise territory. All accumulated escrow fees would vest in the CbLniiy. County would receive easements for all lines at no charge. (3) In the event of acquisition of the water off-site 11