Number
081747
Version
SUBSTITUTE 1
Reference
030527
Sponsor
ALD. DONOVAN
Title
Substitute resolution authorizing the Department of Public Works to amend a lease agreement with Miller Compressing Company for a portion of the City Tow Lot for the preparation of vehicles for recycling and to amend a contract with Miller Compressing Company for the processing, transporting and recycling of all vehicles scheduled for recycling by the City of Milwaukee.
Analysis
This resolution authorizes the Department of Public Works to amend a lease agreement with Miller Compressing Company for a portion of the City Tow Lot for the preparation of vehicles for recycling. The lease amendment is expanded to include 7,800 sq. ft. of undeveloped land to be used as an employee parking lot for Miller Compressing Company employees. The lease of the additional land is contingent upon approval by Milwaukee Metropolitan Sewerage District. Lease payments will be increased in direct proportion to the area utilized.
This resolution also authorizes the Department of Public Works to amend a contract with Miller Compressing Company for the processing, transporting and recycling of all vehicles scheduled for recycling by the City of Milwaukee. The contract amendment adds two price incentives to the existing contract:
1. The base price (per vehicle price paid to the city) is increased by $12, from $4 to $16 for each vehicle delivered through October 13, 2013 and from $6 to $18 for the balance of the term of this agreement. This is a non-variable price increase.
2. The price per vehicle is increased or reduced by $1.50 for each $50 change from the agreed auto scrap value of $250/ton. This is a variable 1-2% increase or decrease based on the quarterly auto scrap price.
Disposal related transportation and processing costs remain fixed throughout the contract term.
Body
Whereas, On October 14, 2003, the Common Council adopted Resolution File Number 030527, authorizi...
Click here for full text