Common use of Financial Impacts Clause in Contracts

Financial Impacts. The Inter-Local Agreement will potentially run for a period of five years, with this renewal term being for two years. The annual minimum payment the City will receive is $111,528.00. The agreement includes a fuel surcharge that will be adjusted semi-annually based upon the average diesel fuel cost provided by the City’s Fleet Management Department. Additional revenue can be realized through the sale of recyclable material, averaging $12,240 to $20,700 annually. The total amount of revenues received will depend on market conditions. SDBE Summary

Financial Impacts. The Inter-Local Agreement will potentially run is for a period of five years, with this renewal term being for two years. The annual minimum payment the City will receive is $111,528.00104,232. The agreement includes a fuel surcharge that will be adjusted semi-semi- annually based upon the average diesel fuel cost provided by the City’s Fleet Management Department. Additional revenue can be realized through the sale of recyclable material, averaging $12,240 to $20,700 20,400 annually. The total amount of revenues received will depend on market conditions. SDBE Summary