1984-07-01-R - Laserfiche WebLink

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-3- 4. DISPOSAL FEES: GENCORP shall pay a monthly disposal fee to the CITY as determined by the following: P = (A-S) = T WHERE: P = Tipping Fee in Dollars Per Ton. A = Total Annual Cost of Operating the Plant divided by 12. The total annual operating cost should be based on the annual budget agreed to by both parties and should include amortization and maintenance reserve. Representatives of GENCORP or accountants employed by GENCORP may inspect any auditor' s or accountant' s reports in the possession of the CITY concerning annual operating costs as well as actual invoices or other documents or matters used to prepare those reports. At the end of each calendar year, actual costs of operating the plant shall be compared to the above mentioned budgeted costs. Any excess of actual costs will be added to the next year' s budgeted cost; the difference between actual cost and budgeted cost, if less than budgeted cost, will be subtracted from the next year' s budgeted cost. S = The Actual Steam Revenues during the billing Period. T = The Total Tonnage of Waste Received by the Batesville Energy Facilities during the billing period. Attached hereto, marked EXHIBIT "A" and made a part hereof as though fully set out herein word for word is the agreed totaled annual operating costs for the remainder of the year 1984. The billing period shall begin the 1st day of each month and end the last day of each month. The monthly payment shall be due on the lst day of each month. 5. AMENDMENT OF AGREEMENT: This AGREEMENT supersedes the agreement dated December 19, 1979 and may not be amended or supplemented except by an instrument in writing signed by both parties hereto. This AGREEMENT shall be effective from and after the date of its execution and remain in full force and effect until expiration or cancellation pursuant to the terms of this AGREEMLNT. I