RES 221299 - Laserfiche WebLink

City of Pleasanton Exhibit I: Cost-Based Rate Adjustment Mechanism Franchise Agreement with Pleasanton Garbage Service City of Pleasanton Page I-5 June 7, 2022 10. Total Forecasted Pass-Through Costs. Total Forecasted Pass-Through Costs for the coming Rate Period are the sum of the amounts in subsections C.1 through C.9 above. D. Forecasted Total Calculated Costs before City Fees. The Forecasted Total Calculated Costs before City fees shall be the sum of the Forecasted Total Annual Cost of Operations, Forecasted Profit, and Forecasted Total Pass-Through Costs for the coming Rate Period. E. Forecasted City Fees. The Forecasted City Fees shall be calculated in the manner described in Section 3.E of Exhibit H. F. Other Adjustments. As described in Section 3.F of Exhibit H, other adjustments may be included during the Term of the Agreement. G. Forecasted Total Calculated Costs. The Total Calculated Costs for the coming Rate Period shall equal the sum of the Forecasted Total Cost of Operations, Forecasted Profit, Forecasted Pass-Through Costs, Forecasted City Fees, and Other Adjustments (if applicable) for the coming Rate Period determined in accordance with Section 3 of this Exhibit. 4. RATE ADJUSTMENT FACTOR The Rate Adjustment Factor shall equal the Forecasted Total Calculated Costs for the coming Rate Period divided by the Gross Rate Revenues for the most-recently completed 12-month period ending October 31 (adjusted to reflect the most-recent Rate adjustment), which shall be rounded to the nearest thousandth, or 6%, whichever is less. The adjustment to Gross Rate Revenues shall be calculated by (1) multiplying the Gross Rate Revenues for November through June by the Rate Adjustment Factor used to determine Rates for the then-current Rate Period, and (2) adding Gross Rate Revenues for July to October to the amount determined in Step 1. Contractor shall not be entitled to any additional adjustment in Rates to account for Gross Rate Revenues being lower than actual or estimated costs in prior Rate Periods (i.e. no revenue reconciliation or “true- ups”). 5. ADJUSTMENT OF RATES Each then-current Rate shall be multiplied by the Rate Adjustment Factor to calculate the effective Rate for the coming Rate Period.