Computation of Front-Foot Charge Sample Clauses

Computation of Front-Foot Charge. As project costs for such Future Growth Main are incurred by the Racine Utility, it shall give written notice to the Village of such incurred costs and the proportionate share thereof to be paid by the Village. The Village’s proportionate share shall be determined by multiplying the amount of the incurred costs by the quotient of the aggregate contract front-foot charge to the Village divided by the total project cost of the Future Growth Main.
Sample 1
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Computation of Front-Foot Charge. The contract front-foot charge to be paid by the Village with respect to the particular lot or parcel involved in the Triggering Event shall be computed by multiplying the total project cost of the Future Growth Main (not including the cost of any segment of such main constructed in the Same Location as a preexisting Racine Utility Service Main) by the applicable Equivalent Cost Ratio, and by then multiplying the resulting product by the Frontage of such lot or parcel, and by then dividing the resulting product by the Total Frontage of the Future Growth Main. The computed contract front-foot charge shall be adjusted to include accrued interest from and including January 1 of the year in which the construction of the main was commenced to and including the date of the Triggering Event. The interest rate to be applied to the computed contract front-foot charge shall be either the actual interest rate incurred by the Racine Utility to finance construction of the Future Growth Main, or if the main was not debt-financed, the interest rate for the most recent unsubsidized long-term debt issued by the Racine Utility.
Sample 1

Related to Computation of Front-Foot Charge

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  • Equalization of Overtime To the extent possible, consistent with current practice, voluntary overtime opportunities shall be distributed equally among qualified volunteers with similar skills and duties . The employer will attempt to meet overtime needs by first soliciting volunteers prior to making assignments . It is understood that soliciting volunteers may not be appropriate in emergency situations (including short- notice absences) . Section Six. (a) Effective 7/1/95, employees who are assigned to a fixed duty station and have previously been receiving portal to portal pay, shall have the benefit of counting their travel time to and from the fixed duty station limited to one-half (1/2) hour each way.

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