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<br /> <br />.' <br /> <br />VII. <br />Rates <br />7.1 Charges for water furnished to COMPANY beginning on the <br />1st day of February, 1989, shall be as follows: <br />(1) The minimum monthly charge for the first ,000 <br />cu. ft. shall be $ This base charge is due <br />and owing monthly whether or not COMPANY uses <br />,000 cu.ft. <br />(2) For each additional 100 cu.ft. there shall be a charge <br />of $.95. <br />(3) The rate established herein is for a minimum of one (1) <br />year and shall be automatically e~tended from year to <br />year unless COMPANY gives written notice during the <br />final sixty (60) days of the annual period, notifying <br />CITY that it no longer wishes to take advantage of the <br />optional charge herein described. <br />7.2 Every three (3) years, a detailed revenue requirement <br />shall be developed on an actual historical cost test year basis <br />allowing for reasonable and necessary expenses of providing such <br />water service and allowing for known and measurable adjustments. <br />Such adjustments shall allow for year-end trending and the <br />spreading of non-recurring expenses over an appropriate benefit <br />period. CITY shall be allowed an adequate opportunity to recover <br />all of its cost of service which will be reflected in an <br /> <br />-~- <br />