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4, RESOLUTION NO. 84-69 <br />A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN <br />RIVER COUNTY AMENDING THE GENERAI. DEVELOPMENT UTILITIES, <br />INC. WATER AND SEWER FRANCHISE AGREEMENT TO INCREASE THE <br />MAIN EXTENSION SERVICF. AVAILABILITY CHARGES AND ADOPT THE <br />MAIN EXTENSION SERVICE AVAILABILITY POLICY FOR GENERAL <br />DEVELOPMENT UTILITIES, INC. VERO BEACH AND VERO BEACH <br />HIGHLANDS WATER AND SEWER DIVISION. <br />WHEREAS, on the 26th day of Sept., 1984, General Development <br />Utilities, Inc. pursuant to a properly filed and noticed request for amend- <br />ment of Service Availability and Main Extension Policy, appeared at a public <br />hearing before the Board of County Commissioners of Indian River County, <br />Florida; and <br />WHEREAS, the Board of County Commissi.onerc of Indian River County, <br />Florida, hereinafter 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 Petitioner and, in addition, allowed for comment from citizens of <br />Indian River County residing within the franchise area; and <br />WHEREAS, the Board has found that the Petitioner was entitled to <br />amend the charges as requested; and <br />WHEREAS, the Board has approved the required changes in the <br />Petitioner's approved tariffs to reflect the charges requested. <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 Resolutions No. 77-95, <br />80-15, 81-101 and 83-122, 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 Rate Base under efficient and <br />economical management. The Company agrees that it shall be subject to all <br />authority now or hereafter possessed by the County or any other regulatory <br />body having competent jurisdiction to fix just, reasonable and compensatory <br />rates. When this franchise takes effect, the Company shall have authority <br />to charge and collect not to exceed the following schedule of rates, which <br />shall remain effective until changed or modified as herein provided to -wit: <br />_ 1 _ <br />RES/VB/S-A/84/11/22/83 <br />