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format acceptable to the City Manager. No future <br />~ate increase shall be reqUestled prior to the <br />preparation of said report and its submittal <br />to the City. <br /> <br />No capital expenditures of $10,000 or more shall <br />be undertaken prior to the review and approval of <br />said expenditure by the City Manager. If no <br />approval is received within 10 working days, approval <br />will be assumed. <br /> <br />The following items shall not be attributable to <br />allowable expenses for rate-making purposes: <br /> <br />1. Amortization of the covenant not to compete <br /> and Franchise Fee. <br /> <br />Two and one-half (2-1/2) acres of land adjacent <br />to, but not used in conjunction with, the Trans- <br />fer Station. <br /> <br />3. Annual property taxes on the former Vineyard <br /> Avenue disposal site. <br /> <br />4. Annual property taxes on the 2-1/2 acres <br /> mentioned in No. 2. <br /> <br />The annual rate of return on equity shall not be <br />less than 8% nor more than 16% as more particularly <br />set forth in Exhibit B, attached hereto and incor- <br />porated by reference. <br /> <br />The transfer station land use charge shall be set <br />as follows: <br /> <br />FY 1981: $67,351 <br />FY 1982: $70,719 <br />FY 1983: $77,791 <br /> <br />The salaries of franchisee's principal for rate <br />setting purposes shall not exceed 4.1% of the <br />annual revenues of Pleasanton Garbage Service <br />(not including revenues of M & M Land Company and <br />Tri-Valley Pumping Service). <br /> <br />Should the actual expense~ necessary to properly <br />close off the former Vineyard Avenue dump site be <br />less than the $100,000 projection, the unspent <br />monies shall be placed into the rate reserve. <br />Should, however, said expense exceed $100,000, the <br />additional expense may be recovered in future rate <br />increase. <br /> <br />-2- <br /> <br /> <br />