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1984-024
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1984-024
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franchise shall not be unreasonably withheld. Any sale or transfer by <br />the Utility or partners of the Utility taking place contrary to the <br />�' germs aril conditions of this paragraph shall be considered by the Board <br />to be a default by the Utility under this franchise agreement and <br />su subject this franchise to termination. <br />SEMON XIII <br />ADEQUATE CAPACITY <br />Utility warrants adequate capacity to service existing or <br />anticipated customers and agrees not to provide water and/or wastewater <br />0 service unless adequate capacity is available at the time any new <br />connection is made. <br />SFION XIV <br />NOTICE OF ADJUSIMEYT OF RATES <br />Upon the initial connection of any customer to the water/wastewater <br />system or upon the reconnection of any new customer :.o 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 have been <br />authorized pursuant to Indian River County Water/Wastewater <br />Franchise Resolution No. as amended. Said <br />water/wastewater rates are subject to adjustm✓nt pursuant to <br />said Resolution upon proper showing by the Utility. Said <br />rates are also subject to adjustment in the event the <br />water/wastewater franchise is terminated and Indian River <br />County corrrtences to furnish water/wastewater service to vour <br />property." <br />SECTION XV <br />nr me el+[ TTr v <br />1. The rates charged by the Utility for its service hereunder <br />shall at all times be ccxcpensatory 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 Utilities' 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 />o n..s <br />now or hereafter possess by the C „ +„ or many other regulatory body <br />having cenpetent jurisdiction to fi-x just, reasonable and cenpensatory <br />rates. When this franchise takes effect, the Utility shall have <br />authority to charge and collect, Luc not to exceed, the schedule of <br />rates and rate of return approved by the Board of County Commissioners <br />at a public hearing. In setting said rates, the County shall be guided <br />by the standards set forth in Florida Statute 367.081 relating to the <br />8 <br />
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