Agenda Packets - 1986/04/07 - Laserfiche WebLink

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-5- 8. Payment 8.1 The City will compensate the Contractor for the collection of recyclable materials from residential properties in the City of Mounds View at the rate determined through the bidding process for this contract. 8.2 Payment shall be made monthly for completion of recycling services as defined in this contract. 2.3 Weight tickets submitted to the City of Mounds view shall be sufficient documentation for reimbursement. 9. Filing of Reports 9.1 The Contractor shall submit a written monthly summary of the quantity of each category of recyclable materials collected in the Contractor's operations and specifically noting that quantity obtained in the City of Mounds View. Also included in the report should be a statement of the current market prices for eaca recyclable item. Monthly summaries shall be submitted no later than the 15th day of the month following the month for which the ' report is submitted. 9.2 The Contractor shall also furnish to the City throughout the duration of this contract a quarterly financial report detailing the expenses and revenues of the Mounds View collection and the Contractor's overall operations. Quarterly financial reports shall be submitted to the City on or before January 15, April 15, July 15 and October 15 of each year. The first report will be due 10. Access to uPrn_ds The Contractor shall provide accesr; to review any books, documents, prpers and records of the contractor which are directly pertinent to this contract for the purpose of making an audit, other examination and preparing excerpts and transcriptions to the City, Ramsey County, the Metro- politan Council or any of their duly authorized representatives. 11. Insurance 11.1 Comprehensive general liability insurance against liabilty imposed by law for bodily injury or death in the sum of $250,000 for any one person and in the sum of $500,000 for two or more persons for the same o,.curence and for damages to property in the sum of $100,000.