Common use of Host Fee Clause in Contracts

Host Fee. a. Upon Commencing Operation of the Landfill, Green Ridge will pay to the County a Host Fee of $1.50 per ton for each ton of Compensable Solid Waste accepted for disposal in the Landfill. Green Ridge will pay the County an additional $1.25, yielding a total fee of $2.75, for every ton of Compensable Solid Waste accepted for disposal in the Landfill during each calendar month in which the Landfill accepts on average more than 3,500 tons a day in that month based on the number of days the Landfill operated in that month. For example, if there were twenty-six (26) days in the month of May that Green Ridge accepted Compensable Solid Waste for disposal at the Landfill, Green Ridge would pay to the County $1.50 for every ton of Compensable Solid Waste accepted by the Landfill during that month of May up to 91,000 tons and shall pay to the County $2.75 for every ton of Compensable Solid Waste accepted by the Landfill for that month of May in excess of 91,000 tons. The Host Fee shall be calculated and paid on a calendar month basis and payment shall be made to the County on or before the fifteenth (15th) day of the month immediately following the month for which the fee is calculated. The Host Fee shall be adjusted annually, beginning on the fourth (4th) anniversary of the beginning of Operation of the Landfill, and on each anniversary thereafter, to reflect increases in the Consumer Price Index (CPI-U) published by the Bureau of Labor for all urban consumers, with a minimum increase of one percent (1%) and a maximum increase of three percent (3%) on each anniversary. b. Within ninety (90) days of receiving unappealable and final zoning approvals to construct and operate the Landfill on the property, including all necessary conditional use permits, Green Ridge will prepay to the County $150,000.00 in Host Fees. One year following the payment of the said $150,000 prepayment, Green Ridge shall prepay an additional $250,000 in Host Fees. These prepayments shall be credited against, and thereby shall reduce, the Host Fees (including the minimum host fee of $400,000) that are due and payable after Operation of the Landfill commences. c. At all times during Operation, Green Ridge will guarantee a minimum Host Fee payment to the County of $400,000 per fiscal year July 1 through June

Host Fee. a. Upon Commencing Operation of the Landfill, Green Ridge will pay to the County a Host Fee of $1.50 per ton for each ton of Compensable Solid Waste accepted for disposal in the Landfill. Green Ridge will pay the County an additional $1.25, yielding a total fee of $2.75, for every ton of Compensable Solid Waste accepted for disposal in the Landfill during each calendar month in which the Landfill accepts on average more than 3,500 tons a day in that month based on the number of days the Landfill operated in that month. For example, if there were twenty-six (26) days in the month of May that Green Ridge accepted Compensable Solid Waste for disposal at the Landfill, Green Ridge would pay to the County $1.50 for every ton of Compensable Solid Waste accepted by the Landfill during that month of May up to 91,000 tons and shall pay to the County $2.75 for every ton of Compensable Solid Waste accepted by the Landfill for that month of May in excess of 91,000 tons. The Host Fee shall be calculated and paid on a calendar month basis and payment shall be made to the County on or before the fifteenth (15th) day of the month immediately following the month for which the fee is calculated. The Host Fee shall be adjusted annually, beginning on the fourth (4th) anniversary of the beginning of Operation of the Landfill, and on each anniversary thereafter, to reflect increases in the Consumer Price Index (CPI-U) published by the Bureau of Labor for all urban consumers, with a minimum increase of one percent (1%) and a maximum increase of three percent (3%) on each anniversary. b. Within ninety (90) days of receiving unappealable and final zoning approvals to construct and operate the Landfill on the property, including all necessary conditional use permits, Green Ridge will prepay to the County $150,000.00 in Host Fees. One year following the payment of the said $150,000 prepayment, Green Ridge shall prepay an additional $250,000 in Host Fees. These prepayments shall be credited against, and thereby shall reduce, the Host Fees (including the minimum host fee of $400,000) that are due and payable after Operation of the Landfill commences. c. At all times during Operation, Green Ridge will guarantee a minimum Host Fee payment to the County of $400,000 per fiscal year July 1 through JuneJune 30. During the first year of Operation and the last year of Operation of the Landfill, the minimum guaranteed payment shall be prorated for the time period of Operation during such first and last fiscal years. This minimum guaranteed payment shall be paid irrespective of the volume of Compensable Solid Waste accepted at the Landfill, and such guaranteed payment shall be adjusted annually on each July 1 to reflect increases in the Consumer Price Index (CPI-U) published by the Bureau of Labor for all urban consumers, with a minimum increase of one percent (1%) and a maximum increase of three percent (3%) on each anniversary. Provided, however, the aforementioned increases shall commence on the fourth July 1 that follows the commencement of the Operation of the Landfill. Such minimum guaranteed payment will be made on or before July 15 of the current fiscal year. Provided, further, in the first fiscal year of the Landfill Operation, the guaranteed payment will be made within (30) days of the commencement of the Landfill Operation. In the last fiscal year of the Landfill Operation, the County will rebate any over payment based on the aforementioned proration..