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upon such request. The consent by the Board to any assignment of this <br />franchise shall not be unreasonably withheld. <br />3. The proposed transferee/assignee must meet the same requirements <br />and comply with the same rules and regulations as would be regnired of an <br />® original applicant- for a franchise. <br />SECTION XIII <br />ADEQUATE CAPACITY <br />Utility warrants adequate capacity to service existing or anticipated <br />customers and agrees not to provide water and/or wastewater service unless <br />•• <br />adequate capacity is available at the time any new 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 water/wastewater <br />system, the Utility shall furnish, by mail, a notice setting forth the rate <br />schedule then in effect and further containing the following statement: <br />"The water/wastewater rates set forth herein <br />have been authorized pursuant to Indian River County <br />Water/Wastewater Franchise Resolution No. 85-61 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 shall <br />at all times be compensatory and shall be fair and reasonable and designed <br />to meet all necessary costs of the service, including a fair rate of return <br />on the Utility's investment under efficient and economical management. The <br />Utility agrees that the County has the authority to enter into this <br />Franchise Agreement and the regulation of said Utility. Utility agrees <br />that it shall be subject to all authority now or hereafter possessed by the <br />County or any other regulatory body having competent jurisdiction to fix <br />just, reasonable and compensatory rates. When this franchise takes effect, <br />the Utility shall have authority to charge and collect, but not to exceed, <br />the schedule of rates set at a public hearing for that purpose which shall <br />remain effective until changed or modified as herein provided. In setting <br />said rates, the County shall be guided by the standards set forth in <br />Florida Statute 367.081 relating to the establishment of rates and charges. <br />In any event, the Utility shall always be responsible for justifying its <br />proposed rates and charges by the submission of accounting and engineering <br />