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2012-151
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2012-151
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Last modified
1/4/2016 11:59:09 AM
Creation date
10/1/2015 4:37:00 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/21/2012
Control Number
2012-151
Agenda Item Number
15.B.4
Entity Name
Resource Recovery Systems
SWDD
Subject
Recycling Services Agreement
Recyclables Transfer
Project Number
2012023
Alternate Name
ReCommunity
Supplemental fields
SmeadsoftID
11382
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( b ) The market index and AMV calculation is used solely as an index and is <br /> not based on actual revenue received by the Processor. <br /> ( c ) If at any time during the Term , SecondaryMaterialsPricing . com or <br /> SecondaryFiberPricing . com no longer post or otherwise provide the <br /> applicable market indices, then the Parties shall mutually and in good <br /> faith select an appropriate replacement source for the required <br /> information from among the sources Recycling industry professionals <br /> utilize to obtain reliable secondary pricing information . <br /> Section 5 . 5 . Adjustment to Processor' s Fee <br /> ( a ) The Processor shall be permitted annually to request a price adjustment <br /> to the Processor' s Fee and both the Processor and SWDD acknowledge <br /> and agree that the first price adjustment shall be effective , if granted , on <br /> January 1 , 2014 . Such request shall not be unreasonably refused . The <br /> Processor shall submit a written request and appropriate documentation , <br /> no later than July 1 of each year and any such adjustment granted by <br /> SWDD shall become effective on January 1 of the following year . <br /> ( b ) The adjustment shall not exceed 75 percent of the change of the <br /> Consumer Price Index ( CPI ) , specifically, the Urban Consumers Index, <br /> published by the U . S . Department of Labor, Bureau of Labor Statistics, for <br /> the Southern States . Rates may be adjusted as calculated herein , subject, <br /> however, to a maximum of three percent ( 3 %) per year . Downward <br /> adjustments resulting from a negative CPI shall be made by SWDD, when <br /> appropriate, without a request from the Processor . <br /> ( c ) The adjustment shall be computed as follows : For each subsequent year <br /> of the Term , the net percentage change shall be 75 percent of the <br /> difference between the CPI as of the immediately preceding January and <br /> the second preceding January divided by the CPI as of the second <br /> preceding January . The following formula shall be used for the cost <br /> adjustment : <br /> CostAdjustment = ( X2 - X 1 x 0. 75) + I <br /> X1 <br /> Where, X1 = CPI for second preceding January; <br /> XZ = CPI for immediately preceding January . <br /> ARTICLE VI , INVOICING AND PAYMENT <br /> Section 6 . 1 . Monthly Invoice <br /> SWDD shall send the Processor a monthly invoice and report detailing the total <br /> Tons of Dual Stream Program Recyclables , Single Stream Program Recyclables, <br /> and Recyclable OCC transferred from the County MRF to the Processing Facility <br /> - 12 - <br />
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