Common use of Calculation of Adjustment to Landfill Tip Fee Landfill Clause in Contracts

Calculation of Adjustment to Landfill Tip Fee Landfill. Tip Fee shall be adjusted as follows: Adjusted Landfill Tip Fee = (previous year Approved Landfill Tip Fee) x [[(current year February CPI/12-month previous year February CPI) - 1] x 0.89 + 1] Example: Assume the following change in CPI: 1. Current year February CPI = 123 2. Previous 12-month February CPI = 118 3. Previous year Approved Landfill Tip Fee = $61.00 Adjusted Landfill Tip Fee is calculated as follows: Adjusted Landfill Tip Fee = $61.00 x [[(123/118) – 1] x 0.89] + 1] = $ 63.30 This example shall apply to all the categories of Solid Waste set forth in Exhibit C.