98-24 Exhibits to the Agreement for the Operation of the Recycling Center - Part I.pdf

VL Ease Leah Lover Letter For Pelasled Decapton ot Compen sadiev) Article 3.15 OPERATIONS OF THE TOWNSHIP OF WEST ORANGE, RECYCLING CENTER 590 MT. PLEASANT AVENUE REVENUE SHARING PROPOSAL Then Operator shall propose a sharing of revenue from the sale of all products and materials, to be paid quarterly, from the site ona percentage of Gross Revenues. A. PERCENTAGE OF GROSS REVENUES PAYMENT TO THE TOWNSHIP OF WEST ORANGE FOR THREE YEAR PERIOD COMMENCING MAY 1, 2024 THROUGH APRIL, 2027 ot 7S; 000-00 Annee Fayment quepenteed, Paid jo Four Buacterty paymNinesls pig 260.00 Seventy Five THhawand Pollers Arwaval Payment quetertent Pars & Four Quartéety Pa ore of BF ighteon Thowerd cern huwlrec! TEtY Dollars . . Shin eo Plus 10,000 MUIlch Baye og Deceribed wie Proposal Uwe retail value of A 30,000 Hrnuctly ing Pees (ue one Time Ml od 2ooveo 1H Peemittyng * OS te Pa ae aa L286 Cocmitt ; B. PERCENTAGE OF GROSS REVENUES PAYMENT FOR ADDITIONAL ONE YEAR PERIOD COMMENCING MAY 1, 2027 THROUGH APRIL 30, 2028 % #496, 820 Annual Fagment qusreited . Paid tw Four Buurtecly PR Mas ot Hg, 20D. 00 Seventy Five Thousand Dollars Annual Payment Busrevticedl, In Words Paid iw Pour Buarterly Tay mente of clyhtcen THasanP Seven they fi Fy dvtens é PLus 0,000 muleh Sage os Deseri bel in The Proposal witha retail Yolue gf 4 3900.20 Aenatlly | | 55 |