1992-12-14 Regular Meeting - Laserfiche WebLink

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e e 4.2 The City shall remove or cause to be removed and properly disposed of, at no expense to the Contractor, the Outthrows and Prohibited Materials that are removed from the truckloads of material received at the processing center. The volume of such Outthrows and Prohibited Materials shall not exceed the difference between the gross weight and the net weight as determined by the Outthrow Factor plus the amount of Prohibited Materials. The frequency of such removal shall be sufficient to minimize the quantity of Outthrows and Prohibited Materials at the processing center. 4.3 Prohibited materials received at the processing center may be disposed of at Contractor's discretion. The weight of prohibited materials shall be deducted from the net weight before calculating the payment. 4.4 within ten (10) days after the end of each month, the contractor shall submit a report to the City. The report will state the gross and net weight of Recyclable Newspapers and Magazines delivered to the processing center during the proceeding month. During the term of this Agreement, the Contractor shall pay to the City Twenty Dollars ($20.00) per ton of Recyclable Newspapers and Twelve Dollars and fifty cents ($12.50) per ton of Recyclable Magazines based on net weight after application of the current Outthrow Factor and Prohibited Materials. Such payment shall be made within fifteen (15) days after receipt of each monthly report. 4.5 In the event that the average Public Scale Price in Harris county is higher than the price the Contractor is required to pay under this Agreement, the price payable by Contractor to the City shall be adjusted to equal the average of the Public Scale Prices in Harris county. Such adjustment shall be effective beginning ninety (90) days after the date the average Public Scale Price first exceed the price under this Agreement, and shall continue as long as the average Public Scale Price is higher than the Contract Price. ARTICLE V TERM 5.0 The term of this Agreement shall commence on January 1, 1993 and shall continue for a period of three (3) years, expiring December 31, 1996. The initial term of this Agreement may be extended for an additional three (3) years, upon the mutual agreement of the Contractor and the City. within six (6) months prior to the expiration of this Agreement, the parties shall meet to renegotiate the Contract Prices; provided that such prices shall, not change by more than 50% from the current prices. Page 4 of 7