Res 2005-127 - Laserfiche WebLink

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City of San Marcos/Guadalupe-Blanco River Authority Water Treatment Facilities Service Contract Article X - Service Fee and Other Pavrnents provided for under Article VII or any other provision hereof (3) any indemnification payments owed by the Authority to the City pursuant to Section 12.3, plus or minus (4) any other increase or reduction in the Service Fee provided for under any other Article of this Service Contract. SECTION 10.6. ADJUSTMENT FACTORS. (A) Service Fee Adiustment Factor. The "Service Fee Adjustment Factor" (AFn) for any particular Contract Year shall be set once per year on the anniversary of the Commencement Date and determined as follows: AFn ECIn-l ECIn-2 PPIn-l PPIn-2 1 + (0.6 (ECIn-l - ECIn-2) 7 ECIn-2) + (0.4 (PPIn-l - PPIn-2) 7 PPIn-2) where, The average of the most recent four (4) quarterly ECI values that are published as fmal values and available on the latest anniversary date of the Commencement Date. The average of the four (4) quarterly ECI values which immediately proceed the four (4) ECI values utilized in the then-current ECIn-1 amount. The average of the most recent twelve (12) monthly PPI values that are published as final values and which are available on the latest anniversary date of the Commencement Date. The average of the twelve (12) monthly PPI values that immediately precede the twelve values utilized in the then- current PPIn-l amount. (B) Chemical Cost Adiustment Factor. The "Chemical Cost Adjustment Factor" (CAn) for any particular Contract Year shall be set once per year on the anniversary of the Commencement Date and determined as follows: CAn ICIn-l ICIn-2 1 + ((ICIn-l - ICIn-2) 7 ICIn-2) where, The average of the most recent twelve (12) monthly ICI values that are published as final values and which are available on the latest anniversary date of the Commencement Date. The average of the twelve (12) monthly ICI values that immediately precede the twelve values utilized in the then- current ICIn-l amount. SECTION 10.7. BILLING AND PAYMENT. (A) Billing. The City shall pay the Service Fee in monthly installments in an amount equal to the sum of (1) one-twelfth of the annual Base Fee; (2) any monthly Pass-Through Costs; (3) any Extraordinary Items determined on a monthly basis; (4) one-twelfth of any Extraordinary Items determined on an annual basis; and (5) any adjustments, plus or minus, to reconcile any prior monthly Extraordinary Items or Pass-Through Cost payments. Any overpayment from prior months shall be credited against the monthly Service Fee payment. (B) Payment. The Service Fee for each month shall be on account of the Contract Services rendered during the prior month. The Authority shall provide the City with an invoice by the fifteenth day of each month which sets forth the monthly portion of the Service Fee due for the prior month and documentation or information as the City may 69