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 reasonably require to determine the accuracy and appropriateness of the invoice. The City shall pay the invoice within 20 days of receipt. SECTION 10.8. ESTIMATES AND ADJUSTMENTS. (A) Pro Rata Adiustments. Any computation made on the basis of a stated period shall be adjusted on a pro rata basis to take into account any initial or fmal period which is a partial period. For purposes of this subsection, a month shall be taken as a month containing 30 days and a year shall be taken as a year containing 360 days. (B) Budgeting. For City budgeting purposes, no later than July 18t preceding each Contract Year, the Authority shall provide to the City a written statement setting forth for such Contract Year its reasonable estimate of the aggregate Service Fee, each component thereof, and the estimated Service Fee Adjustment Factors. The monthly billing of the Base Fee portion of the annual Service Fee shall automatically increase by the Adjustment Factors in the month following each Commencement Date anniversary. Other components of the annual Service Fee including Pass-through Costs and Extraordinary Item Costs shall be billed in the month following their incurrence. (C) Adiustment to Service Fee. If any adjustment to the Service Fee is required pursuant to any express provision of this Service Contract, the party requesting the adjustment shall submit to the other party a written statement setting forth the cause of the adjustment, the anticipated duration of the adjustment, and the amount of the adjustment, as appropriate. Except to the extent that a longer period is otherwise specifically provided for in this Service Contract, any request for adjustment of the Service Fee hereunder shall be accepted or rejected by the party receiving the request within 45 days of receipt. If the receiving party does not notify the requesting party of its rejection and the reasons for the rejection within such 45-day period, the request shall be deemed rejected. A rejected request may be resubmitted, with or without change, and this paragraph shall apply to such resubmitted request as it applies to an original request. Any Service Fee adjustment request which is not rejected or deemed rejected shall take effect as of the next monthly billing period thereafter, or as otherwise agreed to by the parties. SECTION 10.9. BILLING STATEMENT DISPUTES. If the City disputes any amount billed by the Authority, the City may either (1) pay the disputed amount when otherwise due, and provide the Authority with a written objection indicating the amount that is being disputed and providing all reasons then known to the City for its objection to or disagreement with such amount, or (2) withhold payment of the disputed amount and provide the Authority with written objection as aforesaid within the time when such amount would otherwise have been payable. When any billing dispute is fmally resolved, if payment by the City to the Authority of amounts withheld or reimbursement to the City by the Authority of 70