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CITY OF ARDEN HILLS, MN CONTRACT FOR THE COLLECTION OF RESIDENTIAL RECYCLABLE MATERIALS Page 17 RDU or MDU by the City, the Contractor shall resume collections on the scheduled collection day. 14.3 The Contractor shall bill the City for any collection services rendered to mutually agreed-upon, eligible RDU’s and MDU’s according to the collection service Contract prices set forth in this Contract. The Contractor shall invoice the City on a monthly basis within ten (10) days following the end of each month in a format to be specified by the City. The Contractor shall itemize applicable charges by county, state or federal agencies. 14.4 The City shall pay the Contractor within 35 days after receiving and approving the invoice from the Contractor. The City’s payment to the Contractor shall be based on the approved invoice and the collection service Contract prices set forth in this Contract. The Contractor shall be entitled to payment for services rendered provided an approved invoice is submitted to the City pursuant to the terms of this Contract regardless of whether or not the City collects the utility rate fee from the RDU or MDU for such services. However, the Contractor shall not be entitled to receive payment for dwelling units for which the Contractor has received notice from the City of discontinuance of service. The City shall be entitled to offsets in its payments to Contractor for Contractor errors or omissions as specified in the Liquidated Damages Section 13. 14.5 The City will compensate the Contractor through the base Contract prices set for recyclable collection services for RDU’s. Commencing May 4, 2015, the base Contract prices will be: Recyclables Collection shall be $3.03 per eligible RDU per month for weekly recycling service. Eligible RDU with more than one (1) cart will be charged an additional fee of $2.00 per household per month per cart. 14.6 City will compensate the Contractor through the base Contract prices set for recyclable collection services for MDU’s. Commencing May 4, 2015, the base Contract prices will be: Recyclables Collection shall be $55.00 per eligible MDU per month for each four yard container serviced once per week or $4.25 per eligible MDU per month for each 65 gallon cart serviced once per week. 14.7 The City shall provide an annual count of eligible RDU’s and MDU’s by January 1 of each year. These annual counts may include additional RDU’s and MDU’s added due to new development, redevelopment or other such changes. 14.8 The Contract price will be multiplied by the total number of RDU’s and MDU’s as determined by the City to result in the monthly payment amount to Contractor. 14.9 Annual Contract Price Increase The City agrees that the price per residential dwelling unit will increase each year by the Consumer Price Index for the Upper Midwest as determined by the Federal Reserve Bank of Minneapolis or by three (3) percent, whichever is less. The price change shall go into effect on May 4 of each year. The City will notify the Contractor by the last week of January what the compensation rate will be for the subsequent contact year. 14.10 Processing Fees and Revenue Share