Res 1997-123 - Laserfiche WebLink

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(7:1'" assignment not in conformance with this provision will be null and void as to the City. A fee of $1 00.00 per contract, per request, will be charged to BF! for administrative costs in processing each assignment under this paragraph. Upon payment of such fee to the City, the contract will be modified to reflect the changed payee name and address. 3.4 MODIFICATION OF RATES 3.4.1 The fees which may be charged by BFI for the second and subsequent years of the contract term may be adjusted upward or downward to reflect the net percentage -- . change from the previous year in the Consumer Price Index for Urban Wage Earners and Clerical Workers (all items), and the Consumer Price Index for Urban Wage Earners and Clerical Workers, Expenditures Category "Gasoline," both as published by the United States Department of labor, Bureau of labor Statistics. The fees may be increased or decreased in a percentage amount equal to 90 percent of the net percentage change of the All Items Index plus 10 percent of the net percentage change of the Gasoline Index. .' . 3.4.2 June 1 of each year of this Contract will be the R ate Modification Index Date. As soon as possible after a Rate Modification Index Date, BF! will send the City a comparative statement setting out for both the All Items Index and the Gasoline Index: a. the composite percentage change equal to the net percentage change in the All Items Index plus the net percentage change in the ~asoline Index; and b. the increase or decrease in the fees which may be charged by BF!. The rate change based on this information will be implemented by an amendment to this Contract effective on the next ensuing anniversary date of this Contract. 3.4.3 In addition to the above, BFI may petition the City for additional rate and price adjustments at reasonable times based on increases in cost of operations, caused by factors such as revised laws, ordinances, regulations, changes in disposal sites, disposal costs, and for other similar reasons. BFl's petition will specifically identify the reasons for the requested adjustment, and its impact upon BFl's cost of operations, in unit terms, with an explanation of the methodology used to calculate such impact. The City may request additional information it considers necessary to evaluate the requested adjustment. The City may grant such adjustments through amendments to the contract. If BFI and the City do not agree on any rate increase requested by BFI, BFI may elect to continue the contract at the current rate or may terminate the contract effective upon three hundred sixty-five (365) calender days written notice. No such failure to approve will relieve the City from any obligation under the contract to increase rates. 15