Rate Adjustment Procedure Clause Samples

Rate Adjustment Procedure. The CPI Adjustment shall be made in the manner described in Section 5.C.1. Regarding Discretionary Adjustments, the Company shall submit to the City a written request that includes a report and calculation detailing the increased expenses or reduced revenue associated with performance of the Services hereunder due to any of the above enumerated causes. Within thirty (30) days after the Company provides the City with such request and report, the City shall notify the Company in writing as to whether the City accepts such information as complete or specifying any respect in which the City deems such information incomplete or deficient. Provided that adequate supporting information has been submitted by the Company, any requested Discretionary Adjustment shall be placed on the City Council agenda for consideration following compliance, if required, with the Proposition 218 notice and hearing requirements.