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SE)CPION XIII <br />ADDATE CAPACITY <br />Utility warrants adequate capacity to service existing or <br />anticipated customers and agrees not to provide water and/or wastewater <br />service unless adequate capacity is available at the time any new <br />connection is made. <br />SECTION XIV <br />NOTICE OF ADJUSTMENT 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 sc'_a--dule then in effect and further containing <br />the following statement: <br />"THIP water/,o stewater rates set for+l; hoy--y„ <br />have been authorized pursuant to Indian River County <br />Water/Wastewater Franchise Resolution No. 84-10 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 />1. The rates charged by the Utility for its service hereunder <br />shall at all times be c mpensatory and shall be fair and reasonable and <br />designed to meet all necessary costs of the service, including a fair <br />rate of return on the Utility's investment under efficient and <br />economical management. The Utility agrees that the County has the <br />authority to enter into this Franchise Agreement and the regulation of <br />said Utility. Utility agrees that it shall be subject to all authority <br />now or hereafter possessed by the County or any other requlatory body <br />having competent jurisdiction to fix just, reasonable and compensatory <br />rates. When this franchise takes effect, the Utility shall have <br />authority to charge and collect, but not to exceed, the schedule of <br />rates set at a public hearing for that purpose which shall remain <br />effective until changed or modified as herein provided. In setting said <br />raw s, the Ccunty s`ali be yuiueci by the standards set forth in Florida <br />Statute 367.081 relating to the establishment of rates and charges. In <br />any event, the Utility shall always be responsible for justifying its <br />proposed rates anct charges by the submission of accounting and <br />engineering data to the County Utilities Director. Rates and charges <br />may be amended, upon proper justification by the Utility. other <br />8 <br />