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The City agrees to pay Contractor $1.55 per certified multi-unit dwelling per month in 2006. City shall determine the number of units that will receive service during a given month by the last Monday of the previous month. The City retains the right to switch to weekly curbside collection under the timeframe delineated in Section IV. 1. Scheduled Collection Day of this contract. Once weekly service begins the City agrees to pay Contractor a weekly rate. The initial weekly rate will be the current bi-weekly rate plus $0.30 per residential dwelling unit per month. The City agrees that prices for service will increase each year by two percent or the Consumer Price Index for the Upper Midwest for the previous calendar year as determined by the Federal Reserve Bank of Minneapolis, whichever is less. In the event that the CPI is neqative for the previous calendar year the price for service will remain the same for that subsequent year. Each March the City will notify the Contractor ",� '°c��; ^��°�� what the compensation rate will be for that c� �"c°ry� �°�+ calendar year. 2. Method of Payment to Contractor: Contractor shall submit itemized bills on a monthly basis. Bills submitted shall be paid in the same manner as other claims made to the City. 3. Revenue Sharinq: Contractor shall, each quarter, pay the City fifty percent of the net revenue from the sale of the recyclable material that is collected and processed. If Net Revenue is neqative, that amount represents processinq fees owed to the contractor or shortfall. 3.01 Formula The Contractor shall rebate an amount to the City based on the followinq formula: (a) Published industry end market "index" or verified market price ($ per ton based on specified commodity qrades) to provide the "qross end market value" by commodity for each month as specified in Section VI. 3.03; (b) Less processinq fee ($ per ton) by commodity as specified in Section VI. 3.04; (c) Times commodity tonnaqe volumes (tons per month by commodity); 10