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8A, Approve Contract with Eureka Recycling
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06-29-09-R
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8A, Approve Contract with Eureka Recycling
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6/26/2009 9:50:36 AM
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Approve Contract with Eureka Recycling
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Approve Contract with Eureka Recycling
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6/29/2009
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<br />· Average market price during that month paid by <br />Contractor's designated customer. <br /> <br />H. Each plastic: PET, HOPE-natural, HOPE-colored shall be: <br />· Market price paid by Contractor's designated customer. <br /> <br />6.2.2 Processing fees <br /> <br />The processing fee for all paper grades shall be $60.00 per ton, <br />which includes materials A, B, C, and D in section 6.2.1. <br />The processing fee for all Aluminum, Glass, Steel, and Plastic <br />materials shall be $90.00 per ton, which includes materials E, F, G, <br />and H in section 6.2.1. <br /> <br />There shall be no processing fee for residual materials. <br /> <br />6.2.3 Revenue and processing fee formula <br /> <br />RevenuewiU be calculated by multiplying the tons of individual <br />material collected by the agreed upon material price as described in <br />section 6.2.1. Total Revenue will be calculated by adding all of the <br />revenue generated for each of the materials collected and <br />processed. Contractor shall guarantee a minimum price on all <br />materials of $0.00 per ton. If a particular material price is negative, <br />a price of $0.00 per ton shall be used. Processing fees shall apply <br />to materials with prices of less than $0.00 per ton. <br /> <br />Processing fees will be calculated by multiplying the tons of <br />individual material collected by the agreed upon processing fee for <br />each material type as described in section 6.2.2. Total Processing <br />Fees will be calculated by adding all of the processing fees <br />generated for each of the materials collected and processed. <br /> <br />Revenue share received by the City will be calculated by <br />subtracting the Total Processing Fees from the Total Revenues. If <br />the remainder is positive, that number represents the revenue that <br />shall be split between the City and the Contractor SO/50. If the <br />remainder is negative, that number represents the amount of <br />processing fees not covered by that month's revenue and will be <br />paid in full by the City. <br /> <br />6.2.4 Price reporting <br /> <br />The contractor shall provide copies of the OBM Market index with <br />each monthly statement formateriaJs A, 8, and C in section 6.2.1. <br /> <br />3 <br />
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