Adjustment of commercial and residential solid waste disposal rates

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Example of Rate Escalation Calculation: Assuming the rate for regular solid waste is $71.00 (Tipping Fee of $33.00 plus Service Fee of 538.00) and that the Tipping Fee is increased by 5% and the CPI Index has increased by 3%. The rate of $71.00 for regular solid waste would be adjusted as follows: The Tipping Fee is $33.00 per ton, for example, and there is an increase of five percent (5%) or one dollar and sixty-five cents (1.65), per ton. Plus, the Service Fee component of the charge is $38.00 and the CPI is adjusted upward in the amount of three percent (3%) or one dollar and fourteen cents (1.14). The rate would therefore increase in the total sum of $2.79 per ton. Tipping Fee (1.65) + Service Fee (1.14) _ $1.07. ARTICLE 10. RECORDS AND REPORTING 10.01 Maintenance and Audit of Records. Contractor shall accurately maintain any and all ledgers, books of account, invoices, vouchers, canceled checks, and other records or documents required to be maintained hereunder or evidencing or relating to charges for Services, the Service Fee, or performance hereunder, including routing, complete list of Customers, level of Customer's Services, Customer complaints, employee training, inventory, maintenance logs, etc. ("Records") for the term of this Agreement plus two (2) years, or any longer period required by Applicable Law. Contractor shall maintain complete accounting records pertaining to cash receipts, billing and disposal records for the City area ("Accounting Records") prepared on an accrual basis in accordance with generally accepted accounting principals for at least three (3) years following the close of Contractor's fiscal year. Contractor shall maintain the Accounting Records in a manner that allows for the separate identification of all costs and revenues associated with providing Services hereunder and such costs and revenues shall not be combined, consolidated or in any other way incorporated with those of other operations conducted by Contractor in locations other than the City. The Records, Accounting Records and records of Affiliated Companies, as defined herein, if any, shall be subject to audit and inspection, for the primary purpose of reviewing billing operations, accounts receivable and customer service, by the City, its auditors or other agents, at any reasonable time, such audit or inspection to take place at the City Civic Center, if practicable, or at Contractor's address indicated for receipt of notices. 10.02 Reporting Requirements. a. Daily. Contractor shall maintain and make available to the City, upon request, daily reports containing detailed audit information including, at a minimum, the number of tons of Residential and Commercial Refuse, Recyclables, Green Waste and Bulky Waste Collected and delivered to the Disposal Facility, Processing Facility or Composting Facility and the route number, the Vehicle number and Contractor's weight ticket for each load disposed or processed. Daily Residential Collection of Recyclables shall be summarized by commodity and the amount Collected. RVPLBJLR�513828 -23-