My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2017-034
CBCC
>
Official Documents
>
2010's
>
2017
>
2017-034
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/9/2017 11:51:29 AM
Creation date
3/9/2017 11:51:28 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
03/07/2017
Control Number
2017-034
Agenda Item Number
15.B.2
Entity Name
Russell Payne, Inc. Mr. Mulch Inc.
Subject
Yard Waste Processing and Disposal Services
Bid Number
2017028
Document Relationships
2018-061
(Cover Page)
Path:
\Official Documents\2010's\2018
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
19
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
SWDD Agreement with Mr. Mulch for Yard Waste Processing and Disposal Services <br /> EXHIBIT A—CALCULATION OF RATE ADJUSTMENT <br /> One Hundred Percent(100%)of the rate adjustment shall be based on seventy-five percent(75%)of the change <br /> in the Consumer Price Index(CPI) between the month of April in the prior year(CP11)and the month of April in <br /> the current year(CP12). The CPI shall be the South Urban Region,All Items—All Urban Wage Earners and <br /> Clerical Workers,published by the United States Department of Labor, Department of Labor Statistics(Series ID <br /> =CWUR0300SA0) <br /> If the designated index is discounted or substantially altered,SWDD may select another relevant price index <br /> published by the United States Government or by a reputable publisher of financial and economic indices. <br /> The total rate adjustment is rounded to the nearest hundredth of a percent and in any given year shall not <br /> exceed three percent(3.0%)of the previous rate. <br /> FORMULA FOR CALCULATING ANNUAL RATE ADJUSTMENT <br /> Annual Adjustment(as a Percentage)AA=(((CP12-CP11)/CP11) *0.75)); <br /> New Rate=Round ((Current Rate+AA*Current Rate), 2) <br /> Where: <br /> "CP11" = published CPI average for the month of April of the prior year <br /> "CP12" =published CPI average for the month of April of the current year <br /> SAMPLE CALCULATION OF ANNUAL RATE ADJUSTMENT INCREASE <br /> Assumptions: Current Rate=$10.00 CP11=226.618 <br /> CP12=227.955 <br /> Annual Rate Adjustment= ((227.955-226.618)/226.618) *0.75)=0.44% <br /> Annual Rate Adjustment of 0.44%is less than 3.0%, the maximum allowed. <br /> New Rate=ROUND ($10.00* (1+0.0044), 2)=$10.04 <br /> SAMPLE CALCULATION OF ANNUAL RATE ADJUSTMENT DECREASE <br /> Assumptions: Current Rate=$10.00 CP11=226.618 <br /> CP12=225.618 <br /> Annual Rate Adjustment= ((225.618-226.618)/226.618) *0.75)=-0.33% <br /> New Rate=ROUND($10.00 * (1+(-0.0033),2) =$9.97 <br /> Annual Rate Adjustment is subject to the approval of the County Administrator or his designee. <br /> Page 15 <br />
The URL can be used to link to this page
Your browser does not support the video tag.