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2021-078A
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2021-078A
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Last modified
6/28/2021 9:56:07 AM
Creation date
6/24/2021 11:17:59 AM
Metadata
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Template:
Official Documents
Official Document Type
Amendment
Approved Date
05/18/2021
Control Number
2021-078A
Agenda Item Number
15.B.2.
Entity Name
Indian River Eco District, LLC
Subject
Amendment No. 2 to Landfill Gas Agreement
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Section 8.3 of the Agreement is amended to replace the incentive payments for a Landfill Gas to <br />RNG Facility as follows: <br />8.3 Incentive Payment <br />For a Landfill Gas to RNG Facility, and only on the months where a minimum of <br />1,150 of Acceptable LFG is delivered, Company will pay the following additional gas <br />quality -based incentive payments to the District: <br />Average Methane Content <br />in the Company Used LFG <br />Incentive Payment ( % of <br />RNG Gross Receipts) <br />>57.01% <br />3.0% <br />54.01 to 57.0% <br />2.0% <br />51.01 to 54.0% <br />1.5% <br />48.01 to 51.0% <br />1.0% <br />45.01 to 48.0% <br />0.5% <br />< 45.0% <br />zero <br />ARTICLE 9 — LFG STATEMENT, INVOICE AND ANNUAL ADJUSTMENT <br />Article 9 of the Agreement is amended to revise Section 9.4 and add Section 9.5 to read as <br />follows: <br />9.4 Annual Adjustment. The annual adjustment to the LFG Price is no longer <br />applicable to the RNG project. <br />9.5. Audit. The District and the Company agree to grant the District the right to audit or <br />be provided with verification of "brokerage fees, transportation costs, sales taxes and other <br />expenses incurred directly or indirectly by the Company and its subsidiaries" in <br />determination of Gross Receipts. <br />ARTICLE 13 - TERMINATION AND REMEDIES <br />Section 13.1 of the Agreement is amended to read as follows: <br />13.1 Delay in Achieving LFG Commencement Date. If the LFG Commencement Date ha <br />snot occurred as set forth in Section 2. 1, the District may issue a written notice to Company <br />electing to terminate this Agreement three (3) months following the date such written <br />notice is issued. If the LFG Commencement Date occurs within three (3) months after <br />Company receives such written notice, then this Agreement will not terminate and shall <br />continue in full force and effect. If the LFG Commencement Date does not occur within <br />three (3) months after Company receives such written notice, then this Agreement shall <br />C <br />Landfill Gas Agreement, Amendment No. 2. <br />
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