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Agenda Packets - 2024/03/25
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Agenda Packets - 2024/03/25
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Last modified
1/28/2025 4:47:05 PM
Creation date
4/9/2024 1:24:03 PM
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Template:
MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
3/25/2024
Supplemental fields
City Council Document Type
Packets
Date
3/25/2024
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ANNUAL RATE ADJUSTMENTS (CPI) <br />Annual Rate Adjustments. Haulers shall increase the rates for all Services effective on each <br />anniversary of the Effective Date of this Agreement in an amount equal to the greater of (a) five <br />(5) percent or (ii) the percentage increase in the Consumer Price Index for All Urban Consumers <br />(Garbage and trash collection) U.S. City Average, as published by United States Department of <br />Labor, Bureau of Statistics (the "CPI"). For the CPI calculation, rates will be adjusted using the <br />most recently available trailing twelve (12) months average CPI compared to the twelve (12) <br />months preceding. <br />
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