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Franchise Agreement for C #07-20 City of Manvel Solid Waste Collection and Recyclable Materials
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Approve the attached franchise agreement dated June 1, 2019, with the City of Manvel which replaces the previously approved agreement and includes a price increase based upon the CPI-U (Consumer Price Index rate for all Urban consumers).
In addition, the agreement includes a fuel cost adjustment beginning each July 1st to adjust the rates for any contract year in which the average price of diesel fuel during the preceding fuel year exceeded $2.96 per gallon.
The updated rate for the Angleton Service yard is $223.18 for 6 yard, year round, 2
times per week based upon a 4.03% increase per the CPI-U rate adjustment. The expenditure will utilize the departments current approved fiscal year 2024 operating budget.
The five (5) year term which began on July 1, 2019 will conclude on June 30, 2024.
Further, the terms of the agreement have the option for successive periods of five (5) years, unless terminated by either party at least 180 days prior to the expiration date.