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EXHIBIT "1" <br />t BOARD OF COUNTY COMMISSIONERS <br />INDIAN RIVER COUNTY <br />RESOLUTION NO. 84-30 <br />ORDER <br />This matter comes before the Board of County Commissioners of <br />Indian River County during a duly notified and published hearing <br />and the Commission having heard testimony of all interested parties <br />and having thoroughly reviewed and analyzed the recommendation of <br />the County's rate consultant; now adopts the findings and conclusions <br />as set for the in the consultant's recommendation dated April 12, <br />1984, and attached hereto as Exhibit "A". <br />NOW, THEREFORE IT IS ORDERED: <br />1. That Hutchinson Utilities, Inc., has had tariffs in effect <br />that are fair and reasonable. <br />2. That the current application for relief is hereby terminated <br />and marked closed. <br />3. That the authorized rate of return or opportunity cost shall <br />be 12.44% which includes an unweighed return on Equity Capital of <br />15.77. <br />4. That the authorized rate of return be applied to the net <br />rate base of $217,368. Net rate base is that rate base calculated <br />exclusive of accumulated depreciation, contributions in aid of <br />construction and accumulated depreciation on contributions in aid of <br />construction but inclusive of a working capital allowance. <br />5. That Hutchinson Utilities, Inc., is authorized to design <br />tariffs so as to generate $222,652 in gross wastewater revenues from <br />customers enrolled as of December 31, 1983. <br />6. That Hutchinson Utilities, Inc., shall be permitted to <br />include in its allowable costs rate case expense deferred in the <br />current case amounting to $17, 835. <br />7. That Hutchinson Utilities, Inc., shall be permitted to <br />apply to the Board of County Commissioners for an amended tariff in a <br />subsequent rate hearing and the Board shall approve a tariff which <br />will allow Hutchinson Utilities, Inc., under efficient and economical <br />management to meet debt servicing requirements of long term financing <br />needed to allow the Utility to make necessary improvements to its <br />system. <br />ORDER ADOPTED: <br />S/2/84 <br />ORDER ENTERED: 5/2/84 <br />BY THE COMMISSION, <br />J-14 <br />Don C. Scurlock, Jr., ChV rman <br />l�p;u ovcd <br />:u.;i leg y <br />RV <br />6, i I [i';,udenbut <br />Cou y AUorney <br />