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Agmt87 Browning Ferris BFI
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Agmt87 Browning Ferris BFI
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Last modified
7/5/2005 2:34:35 PM
Creation date
1/12/2004 11:49:31 AM
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Template:
Agreement
Contractor Name
Browning Ferris BFI
PROJECT NAME
South Bayside Transfer Station Authority Franchise
RMP File Number
702-02 bin 12
Date
9/28/1988
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DES:djk 08/31/87R <br /> <br /> It is understood that some proposals made by Company may <br />require significant capital investments, and that the allocation <br />of the Operating Cost savings therefrom to Company in accordance <br />with the above table may be insufficient to justify the <br />investment. In such instances, Company and Agency, upon the <br />recommendation of Authority, may agree upon a reasonable return <br />to Company for its investment in lieu of distributing the <br />benefits in accordance with the above table. Should Company and <br />Agency fail to agree on such Program, Company shall not be <br />required to initiate the Program, nor incur further significant <br />additional capital investment beyond that required for normal <br />operations. <br /> <br /> (e) Agency's Determination. Upon receipt from Authority of <br />the recommended rate adjustment derived in accordance with the <br />foregoing procedure, the Governinq Body shall consider adjusting <br />the Collection rates in accordance with the recommendation. <br />Notwithstanding said recommendation, the Governing Body hereby <br />reserves the right to adjust, or not to adjust, the Collection <br />rates as it shall determine in furtherance of the public <br />interest, health, welfare, and necessity; provided, further, that <br /> ? <br />the Governing Body shall not unreasonably withhold adjustments or <br /> <br />unreasonably enact adjustments contrary to the recommendations of <br />Authority. <br /> <br /> Section 6.3. Annual and Special Reviews. (a) Annual. <br />Commencing with the Operating Year beginning October 1, 1987 and <br />not later than February 28 of the following year and of each and <br />every year thereafter, Company shall submit reports to Agency and <br />Authority providing the information necessary for the rate <br /> <br /> 27 <br /> <br /> <br />
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