98-24 Exhibits to the Agreement for the Operation of the Recycling Center - 2024.pdf

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 on a 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 #75; 000-00 Annual Fayrnenl querenteed, foib To Four Quarterly payin nneraly # 1,760.00 Seventy Five Thanand Dollars Aremusal Toynenl queetentect Pars fe ioetng Foose of GighTexn Thoucaat <aen beled Et : : eo Plug 10,600 MUleh Bags ag Deceribed wTtre Proposal witha retail value of 420,000 rrnuaty rm pveo WW Peqmitting Pres = Rus oe gis Time Baymedt of Bs, oes : B. PERCENTAGE OF GROSS REVENUES PAYMENT FOR ADDITIONAL ONE YEAR PERIOD COMMENCING MAY 1, 2027 THROUGH APRIL 30, 2028 %_# 15) 000 pmnual Payment quarerited. Reid iw Four Rusrterly pp Nuneeels ok yg, UD- CO sewenty Ave Tounsend Dollers Annual Payment Busrevitecct ’ L In Words FaiD ie Four Ruerterly Poy ments of eighteen Thasand Seven Hendyedd & Fly dvters o PLUS /0)000 mulch Zags ws Degeribed in The Froposal with cotati! Velux of # 9000-20 Analy 55