My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2019-199A
CBCC
>
Official Documents
>
2010's
>
2019
>
2019-199A
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/30/2019 3:02:37 PM
Creation date
12/30/2019 3:01:47 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
11/19/2019
Control Number
2019-199A
Agenda Item Number
15.B.4.
Entity Name
Atlas Organics Indian River, LLC
Subject
Agreement for the SWDD yard waste processing and recycling services
Area
Indian River County
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
23
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
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 in <br />the Consumer Price Index (CPI) between the month of June in the prior year (CP11) and the month of June in the <br />current year (CP12). The CPI shall be the South Urban Region, All Items — All Urban Wage Earners and Clerical <br />Workers, published by the United States Department of Labor, Department of Labor Statistics (Series ID = <br />CW U R0300SA0) <br />If the designated index is discounted or substantially altered, Owner 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 exceed <br />three percent (3.0%) of the previous rate. <br />FORMULA FOR CALCULATING ANNUAL RATE ADJUSTMENT <br />Annual Adjustment (as a Percentage) AA = (((CP12 - CPI1) / CPI1) * 0.75)); <br />New Rate = Round ((Current Rate + AA*Current Rate), 2) <br />Where: <br />"CPI1" = published CPI average for the month of June of the prior year <br />"CP12" = published CPI average for the month of June 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 CPI1 = 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 21 of 22 <br />
The URL can be used to link to this page
Your browser does not support the video tag.