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HomeMy WebLinkAboutresolution.council.079-05RESOLUTION (Series of 2005) A RESOLUTION APPROVING AN AGREEMENT FOR A FIVE-YEAR EXTENSION OF THE MAINTENANCE CONTRACT BETWEEN THE CITY OF ASPEN, COLORADO, AND GENERAL ELECTRIC (G.E.), SETTiNG FORTH THE TERMS AND CONDITIONS REGARDiNG MAINTENANCE WORK FOR RUEDI HYDROELECTRIC PLANT AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAID AGREEMENT WHEREAS, there has been submitted to the City Council an agreement between the City of Aspen, Colorado, and G.E., a copy of which is annexed hereto and made a part thereof. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO: Section 1 That the City Council of the City of Aspen hereby approves that agreement for a five- year extension of the maintenance contract between the City of Aspen, Colorado, and G.E., regarding maintenance work for Ruedi Hydroelectric Plant, a copy of which agreement is annexed hereto and incorporated herein, and does hereby authorize the City Manager of the City of Aspen to execute said agreement on behalf of the City of Aspen. I, Kathryn S. Koch, duly appointed and acting City Clerk do certify that the foregoing is a true and accurate copy of that ~l_ut. ig~n ad.opted by the City Council of the City of Aspen, Colorado, at a meeting held ~ Kathr~S. Koch, City Clerk AGREEMENT BETWEEN THE GE INTERNATIONAL, INC. AND THE CITY OF ASPEN, COLORADO FOR 5 YEAR CONTRACT EXTENSION FOR THE OPERATION, MAINTENANCE, AND REPAIR OF THE RUEDI HYDROELECTRIC FACITITY This Agreement is for a 5 gear contract extension, entered into and effective this __ dag of ,2005 bg and between the Citg of Aspen, Colorado, hereinafter as the "Owner" and GE International, Inc, GE Energg, bg and through its Installation and Field Services Division (I&FS), with a place of business at 4200 Wildwood Parkwag, Atlanta Georgia, hereinafter referred to as the "Contractor". WHEREAS, under the existing 20 gear agreement doted 15th December 1984 between GE International, Inc. and the Citg of Aspen, Colorado for the operation, maintenance and repair of the Ruedi Hgdroelectric Facilitg set to expire 10th September 2005, under the provisions of Article #2 of the referenced existing agreement. Terms of Contract, GE Energg, the contractor, wishes to exercise the referenced Article #2 and extend the contract with the owner under a second term for an additional 5 gears in accordance with the original contract provisions and modifications summarized in the attached. The new contract termination date will be 10th September 2010. The Contract mag be extended for additional terms bg mutual agreement of the parties. IN WITNESS WHEREOF, the Owner and the Contractor have executed this 5 gear Contract extension in accordance with the original contract provisions and modifications summarized below. GE International, Inc. Title: Date: CITY OF ASP ~ Original Agreement with modifications in bold: AGREEMENT BETWEEN THE GE INTERNATIONAL, INC. AND THE CITY OF ASPEN, COLORADO FOR THE OPERATION, MAINTENANCE, AND REPAIR OF THE RUEDI HYDROELECTRIC FACITITY This Agreement. entered into and effective this 15th dag of December, 1984 bg and between the Citg of Aspen, Colorado, and the Countg of Pitkin, Colorado, as represented bg the Citg-Countg Joint Hgdropower Department, and referred to hereinafter as the "Owner" and GE International, Inc, a Delaware Corporation, bg and through its GE Energg Division, with a place of business at 4200 Wildwood Parkwag, Atlanta Georgia, hereinafter referred to as the "Contractor". WITN ESSETH WHEREAS, the Owner distributed a Request for Proposals for the Ruedi Hgdropower Project. dated September 1, Z983, said Request for Proposals soliciting, among other things, proposals for the Operation, Maintenance, and Replacement of said Project; and WHEREAS, Contractor and others responded on November 1, 1983 with a proposal for, among other things, Operation, Maintenance, and Replacement of the Project as requested in the Request for Proposals; and WHEREAS, upon review of all proposals received, the Owner identified the Contractor as the preferred contractor for the Operation, Naintenance and Replacement as well as the Design and Construction of the Ruedi Hgdropower Project based on the proposals submitted bg the Contractor; and WHEREAS, it is the intention of the Owner to contract for the Operation, Maintenance and Repair of the Ruedi Hgdropower Project for a twentg (20) gear period so as to provide for the proper and safe operation of the project, maintenance of the project in good working order, and repair or replacement of project components as mag be required to provide for a facilitg which is intended for o service life of fiftg (50) gears. NOW, THEREFORE, in consideration of the premises and the mutual promises and covenants contained herein, the parties do herebg agree as follows: 1. DEFINITIONS Where used in this agreement, the following terms shall have these respective meanings: a. "Owner" shall mean the Citg of Aspen "Contractor" shall mean GE International, Inc, GE Energg, bg and through its Installation and Field Services Division (I&FS). "Project" shall mean the hgdroelectric power plant and related facilities described in the "Request for Proposals - Ruedi Hgdropower Project", dated September 1, 1983, and "Contract Documents for the Design and Construction of the Ruedi Dam Hgdropower Project", dated September, 1.983. "Substantiallg Completed" shall mean that the Project as certified bg the Owner, is sufficientlg completed in accordance with construction contract documents so that the Project can be utilized for the purposes of generating hgdroelectric power. "Start Date" shall mean that date, to be agreed upon bg the Owner and the Contractor, when substantial completion is achieved and when the Contractor's obligations for operations, maintenance and repair as described herein shall commence. That date will be appended to this definition and documented herein upon said agreement. "Contract Date" shall mean the date of final execution of the Contract bg both parties as noted in the first paragraph, above. 2. TERM OFCONTRACT This initial Contract shall have a term of twentg (20) wears, commencing upon the Start Date. The Contract mag be extended for additional terms by mutual agreement of the parties. Upon expiration of the Contract, Contractor will turn over all Project facilities to the Owner, adjusted to original specification tolerance, excluding normal wear and tear. The contractor further guarantees that all materials and components furnished and work performed under this Contract during the twentieth gear of this Contract shall be free of all defects due to faultg materials or workmanship for a period of one gear from performance of that particular service, repair or replacement. For said one gear period following contract termination, Contractor shall promptlg make such corrections as mag be necessarg by reason of ang defects or negligence in materials, components, workmanship or other services furnished under the Contract, including the repair of any damage to other parts of the Project resulting from such defects. The Owner will give notice of observed defects with reasonable promptness. In the event that the Contractor should fail to make such repairs, adjustments, or other work that maw be made necessarg bg such defects, the Owner maw do so and charge the Contractor the cost therebg incurred. OBLIGATIONS OF THE CONTRACTOR 3. GENERAL The Contractor shall be responsible for operating and maintaining the Project in accordance with sound engineering practice, and with coordinating the operation of the Project with the Haig Cross Energg, and with the United States Bureau of Reclamation in accordance with a Memorandum of Agreement dated August 13, 1984, between the Owner and the Bureau of Reclamation as said Agreement mag be amended from time to time. Said Agreement shall be attached hereto as Appendix A and is incorporated herein bg reference. Any charges by the Bureau of Reclamation imposed bg said Agreement will be paid by the Owner. The Contractor shall also operate and maintain the Project in accordance with agreements between the Owner and other agencies or utilities responsible for facilities adjacent to the Project. The Contractor shall be notified of such agreements by the Owner no less than thirtg (30) dags prior to their execution. Ang changes in Operations and Maintenance work or charges to the Owner necessitated bg ang such agreements with third parties will be negotiated and implemented according to the provisions of Paragraph 15, below. Contractor will design and implement a maintenance program for the plant based on the assumption that the Owner intends for the plant to have a fiftg (50) gear life. The Contractor shall be responsible for the testing of Project facilities for efficiencg, wear, and power production, at a frequencg not less than annuallg, in a manner consistent with the standards of the hgdroelectric power industrg, and shall, at its expense, correct ang deficiencies or defects that exceed manufacturer's recommended tolerances or that otherwise result in efficiencg losses as identified as a result of testing and maintenance activities. Efficiencg losses and out of tolerance conditions due to normal wear and tear, or due to unusual operational requirements (such as emergencg situations) are excluded and are the responsibilitg of the Owner. When plant upgrades are performed bg GE, one-Line diagrams and OEH rvlanual updates shall be provided to owner in a format standard to the Industrg as part of the upgrade package. a. Contractor shall maintain the Project so as to maintain the maximum power production and output at all times and under all circumstances, with the exception of Scheduled Outages as defined below. Significant reductions in power production efficiencg shall be cause for reevaluation and revision of operations, maintenance and repair procedures so as to avoid ang such losses in the future. b. The Contractor shall be responsible for the pagment of all monthlg utilitg charges, including, but not limited to, telephone and telementrg charges to the protection, control and metering sgstem. 4. SITE PERSONNEL The Contractor will emplog or subcontract at least one individual based in or near the Citg of Aspen, Colorado, whose responsibilities will include, but not be limited to, dailg Project sgstem integritg checks, first level problem alert, and sgstem restart in the event of the unit trip. Contractor will train said individual, or individuals as the case mag be, in project sgstem and equipment operation, and make available to said individual, as a guide for routine maintenance needs, Contractor's computerized maintenance planning program, providing scheduled task identified of all maintenance items to be accomplished on a dailg, weeklg, monthlg and annual basis. The Aspen based individual identified herein mag be an emplogee of the Citg of Aspen if agreed to bg the Owner and Contractor in a separate agreement covering duties, compensation, benefits and the like for said individual, who will be otherwise subject to all current Citg and Countg hiring and personnel procedures and standards. The Owner mag require the removal of ang person emploged on or about the Project facilities if the Owner determines that the emplogment of such person is detrimental to the performance of work required under this Agreement or, if both parties agree, the emplogee is not qualified to perform the work assigned or is guiltg of improper conduct or for other just cause. 5. BACK-UP PERSONNEL The Contractor's Denver-based service organization will provide management expertise and technical service back up for the operation, maintenance and replacement parts requirements of the Project. 6. SPARE PARTS The Contractor will provide two levels of replacement parts management as follows: a. On-site parts will be limited to those required on a routine basis such as expendables, (lubrication materials, rags, etc,), indicator lamps, light bulbs minor control parts, Input-Output boards, sensors, activators and the like. A back-up supplg of these parts will be maintained in the Contractor's Denver office. 5 b. Major replacement items, such as turbine and generator spares will be stocked at the site, based on needs identified during annual inspections. c. A generic list of spore parts to be stocked bg the Contractor onsite and at its focilitg in Denver is attached os Appendix B and is incorporated herein. A specific list of spore ports, including catalog numbers, will be supplied bg the Contractor on or prior to the Start Date of this Contract and will be incorporated into Appendix B of this Contract at that time. OUTAGES o. SCHEDULE OUTAGES Scheduled outages will be those planned in advance for the purpose of corrging out anticipated regular maintenance procedures. These outages will be scheduled with minimum lead-time of two weeks during the first Bear of operation. After the first gear of operation, these outages will be scheduled with a minimum lead-time of three months. Such outages will be scheduled, in consultation with the Owner, at such times os will minimize loss of power production and will be coordinated with the Bureau of Reclamation, Haig Cross Electric Association, and other agencies as mag be required bg agreement(s) with the Owner or os mag otherwise be appropriate. Both the starting and ending times and dates of maintenance outages shall be scheduled and ang deviation from such schedule not agreed to in advance bg the Owner and Contractor shall be considered an unscheduled outage. When o scheduled outage time is changed bg the Owner or other parties as noted above, the Contractor shall be entitled to reasonable charges in respect of such delag or suspension. b. UNSCHEDULED OUTAGES 6 Unscheduled outages are those that result from a sgstem failure. The Contractor will respond to ang unscheduled outages not corrected bg the operator bg having a qualified technician or engineer on site within 24 hours after notification of the outage between the dates of MoB 2 and November I and within 48 hours after notification of the outage between the dates of November 2 and Meg 1. In the event of unscheduled outages, the Contractor shall act diligentlg to correct ong problems within its control that led to the outage. For ang outage, the Contractor will be diligent in effecting repairs and service, and will manage his activities to minimize down time consistent with good engineering practices. The Contractor shall be responsible for contacting ang other agencies whose facilities mag have caused, or mag be damaged bg such outages in accordance with the provisions of Paragraph 3a, above. The Contractor shall further be responsible for coordinating its corrective actions with ang such agencies. REPORTING The Contractor shall prepare and submit to the Owner monthlg reports which shall contain, at a minimum, a status report on the plant's equipment, power output, power production efficiencg and water releases calculated on a dailg basis. Said report will be delivered to the Owner no later than ten working dogs after the first of each month. Indicated in the report will be the various head and flow conditions for the month as well as the KWH production for the period. Dailg or hourlg information will be available if requested. Based on the maintenance inspections and tests, a monthlg maintenance and test report will be prepared and included in said monthlg reports. Contractor will also prepare the required regulatorg reports to such agencies as the Federal Energg Regulatorg Commission, The U.S. Bureau of Reclamation, and other Federal and State agencies as necessarg, and Emergencg Action plans, including participating in exercises, required bg regulatorg agencies. The Contractor will also provide to the Owner within 60 dags of initial commercial operation of the Project the following: a. A complete description of the efficiencg, wear and performance test programs for the Project. b. A description of the complete maintenance program for the project. TITLE Title to the product of oil the work performed and replacement parts provided hereunder bg the Contractor, its emplogees, agents, or subcontractors shall pass to and vest in the Owner at the time the work is performed. 10. WARRANTY Contractor warrants to the Owner that the operating and maintenance services will be performed in a competent manner, in accordance with the workscope defined herein and will be free from defects in workmanship and material for one gear following completion of services provided during the duration of this Contract. Except as otherwise provided in Paragraph 2 above, the foregoing warrantg applies to ang defect which appears within the operating and maintenance period. The warranties are exclusive and in lieu of all other warranties, whether written, oral, implied, or statutorg. NO IMPLIED STATUTORY WARRANTY OF MERCHANTABILITY OR OF FITNESS FOR APARTICULAR PURPOSE SHALL APPLY. 11. FORCE HAJEURE Notwithstanding ang other provision of the Contract concerning the Contractor's general obligation to operate, maintain, and repair the Project facilities during the term of this Contract, the Contractor's obligation shall not extend to maintenance and replacement requirements caused bg act of God, riot, war, or vandalism unless, in the case of vandalism, the vandalism was caused bg an emplogee or subcontractor of the Contractor (other than an emplogee of the Citg of Aspen should that emplogee be acting as a subcontractor pursuant to Paragraph 4, above) or could have been avoided bg the Contractor through proper operation and maintenance of the securitg measures built into the plant. Nor shall the Contractor be liable for ang inabilitg to perform ang of its obligations hereunder due to the following: a. Acts of God. b. Acts of the Owner, acts of civil or militarg authorit~J, fires, strikes, or other labor disturbances, flood, epidemics, war, riot, and delags begond its reasonable control in transportation or car shortages. c. Inabilitg to obtain or delag in obtaining, due to causes begond its reasonable control, suitable labor, material, or facilities required for the performance of the work describe in this Contract. If ong delog is caused bg the Owner or other contractors under the Owner's control, or if the Owner suspends the work, the Contractor shall be entitled to reasonable charges in respect of such delog(s) or suspension(s). OBLIGATIONS OF THE OWNER 12. PAYNENT AS consideration for the work performed bg the Contractor pursuant to this Contract, Owner shall pay to the Contractor the sums set forth in the payment schedule attached hereto as Appendix C as adjusted in accordance with the provisions set forth in Appendix D. 13. TERMINATION BY THE OWNER The Owner may, for cause or convenience, terminate this Contract upon ninety (90) days advance written notification. In the event of termination for convenience, the Contractor shall be paid its reasonable termination costs, including documented cancellation charges for committed material or services, and costs for relocating or reassigning personnel and costs for relocation of material or equipment. In the event of termination for cause, defined as nonperformance of the requirements and terms of this Contract, the Owner will not be liable for any costs to the Contractor other than those which may be owing in consideration of satisfactory work performed up to the termination date, which costs will be determined by applying the payment formulas defined in the Appendix C and D, below, as of the termination date. 14. TERMINATION BY THE CONTRACTOR The Contractor mag terminate this Contract upon ninety days written notice in the event that in the Contractor's judgment such termination is necessary for any of the following reasons: a. Contractor's inability to comply with local labor regulations, labor union working agreements, or other limitation on the ability of the Contractor to fulfill its obligations under this Contract, which are beyond the Contractor's reasonable control; or Contractor's inability, for causes beyond its reasonable control, to comply with the laws of any state or the legitimate request of any administrative agency having jurisdiction over the subject matter hereof. Provided, and to the extent, that the Contractor has fully satisfied its obligations hereunder up to the date of termination, the Contractor shall receive a pro-rata portion of the payment provide for in Appendix C, as adjusted through the date of termination, for all services performed up to the date of termination. 15. CHANGES, DELETIONS AND EXTRA WORK The Owner. without invalidating the Contract, mag order extra work or make changes by altering, adding to, or deducting from the work, the Contract sum being adjusted accordingly. All such work shall be executed under the conditions of the original Contract. The value of ang such extra work or change shall be determined in one or more of the following wags: Bg estimate and acceptance in one lump sum: or Bg unit prices named in he Contract or subsequentlg agreed upon; or Bg cost and percentage of cost or bg cost and fixed fee. 16. INDEPENENT CONTRACTOR Contractor shall at all times be deemed an independent contractor, and none of its emplogees or the emplogees of its subcontractors shall be considered emplogees of the Owner except as mag otherwise be agreed to bg the parties in writing. 17. APPLICABLE LAWS a. The rights and obligations of the parties under this Contract shall be interpreted and governed in all respects bg the laws of the State of Colorado. b. In the performance of this Contract, the Contractor shall complg with all applicable federal, state and local laws, rules, regulations and ordinances including, but not limited to, Worker's Compensation and occupational disease acts, the Occupational Safetg and Health Act of 1970 and laws relating to nonsegregated facilities and equal opportunitg emplogment (including the seven paragraphs appearing in 202 of Executive Order 11246, as amended) in effect on the date of the execution of this Contract. The Owner shall provide the Contractor information in its possession on local and state laws, rules, and regulations pertaining to the operation of the Project. c. Price and performance are based on the foregoing requirements in effect on the date of the Contractor's proposal, ifang laws, rules, regulations, ordinances, codes, specification, or standards, or official interpretations become effective thereafter which necessitate modification of the work hereunder in order to complg therewith, such modification shall be deemed to be a change bg the Owner. Contractor shall advise the Owner of requirements affecting the work to be performed hereunder resulting from the applicabilitg of ang changed law, rule, or regulation. c. The Owner shall be responsible for obtaining all governmental permits, licenses, exemptions and approvals necessarg to operate and maintain the Project. 18. INSURANCE 10 The Owner shall provide and maintain the following minimum insurance coverages as primarg insurance coverage during the performance period of this Contract: a. Comprehensive General Liabilitg insurance with $5,000,000.00 combined single limit bodilg injurg and propertg damage coverage for each occurrence. All par~ies to this Contract shall be named as co-insured on said Comprehensive General Liabilitg policg, and the policg shall include a cross-liabilitg endorsement. 1.) Coverages under this policg shall include the following: Premises / Operations Broad Form Propertg Damage Products / Completed Operations (Completed Operations shall be maintained for two gear after the cam pletion of the work) XCU Hazards Liabilitg Blanket Contractual Liabilitg 2.) Certificates of insurance reflecting the above shall be provided the Contractor prior to commencement of work. Thirtg (]0) dags prior notice shall be provided if ang significant or material change to such insurance is contemplated bg the Owner. b. The Owner shall provide and maintain such propertg and boiler and machinerg insurance upon the Plant and Project as the Owner deems necessarg. The Owner agrees to name the Contractor as coinsured under ang such policies. Certificates of such insurance shall be provided the Contractor prior to the commencement of work, and such insurance shall not be modified or terminated without at least thir~g (30) dags written notice to the Contractor. The Contractor shall provide statutorg Worker's Compensation insurance for its emplogees, and emploger's liabilitg insurance in the amount of $5,000,000. Contractor shall ensure that its subcontractors provide like insurance for their emplogees. c. The Contractor shall provide, for its protection, automobile liabilitg insurance covering its owned and leased vehicles used in the performance of the work. Coverage shall be $5,000,000 combined single limit for bodilg injurg and propertg damage each occurrence. 19. LIMITATIONS OF LIABILITY a. The Contractor's liabilitg on all claims of ang kind (excluding death or bodilg injurg), whether based on contract, indemnitg, warrantg, tort (including negligence), strict liabilitg or otherwise, for all losses or damages arising out of, connected 11 with, or resulting from this Contract or from the performance or breach thereof, or from ang services covered bg or furnished under this Contract or ang extension or expansion thereof (including remedial warrantg efforts), shall in no case exceed the Annual Contract Price which is defined as the total amount paid to the Contractor under the terms of this Contract during the most recent previous gear. Except as to title to ang materials furnished, all such liabilitg shall terminate upon the expiration of the warrantg period specified in the paragraph 10 entitled "Warrantg". b. In no event, whether on contract, indemnitg, warrantg, tort (including negligence), Strict Liabilitg, or otherwise, shall the Contractor or its subcontractors or its suppliers be liable for special, incidental, exemplarg, indirect, or consequential damages including, but not limited to, loss of profits or revenue, loss of use of the equipment or ang associated equipment, cost of capital, cost of purchased power, cost of substitute equipment, facilities or services, downtime costs, or claims of customers of the Owner for such damages. c. Ang and all liabilitg claims shall be based solelg on performance or nonperformance of the duties and responsibilities as defined in this Contract. if the Contractor, upon request or with the consent of the Owner, furnishes the Owner with advice or assistance concerning ang products, sgstems, or equipment which is not required pursuant to this Contract, the furnishing of such advice or assistance will not subject Contractor to ong liabilitg 12 whether in contract, warrantg, tort (including negligence), strict liabilitg, or otherwise. 20. NOTICE All coordination under this Contract between the Owner and Contractor, and ang notices given hereunder shall be between or to, as the case mag be, the following: For the Owner: Phil Overegnder Utilitg Director Citg of Aspen 130 S. Galena Street Aspen, Colorado 8~.611 For the Contractor: Lew Brown, Account Manager GE Energg (I&FS) 4900 Kingston Street Denver, CO 80239 The persons designated in this paragraph mag be changed bg the Owner or the Contractor upon notice to the other partg. 2~.. ASSIGNMENT The delegation or assignment bg either partg of ang or all of its duties or rights hereunder without the other partg's prior written consent shall be void. If the Owner is furnished services provide under this Contract bg a third partg bg contract, the Owner shall obtain from such third partg a provision affording the original Contractor the protection of Article 19, Section b. 22. INVALIDITY OF CONTRACT PROVISIONS The invaliditg, in whole or part, of ang of the foregoing paragraphs or articles of this Contract will not affect the remainder of such paragraphs or articles. 23. HEADINGS Paragraph titles and subtitles contained in this Contract are for ease of reference onlg and are not intended to alter or modifg in ang wag the meaning of paragraphs contained herein. 2/4. ENTIRE AGREEMENT This Contract constitutes the entire agreement between the parties hereto with regard to the subject matter hereof. It supercedes oil previous representations, arrangements, agreements, and understandings, written or oral, expressed or implied, if ong, bg and between the parties hereto, and their respective 13 representations, arrangements, agreements and understanding, if ang, are herebg cancelled and terminated in all respects. Except as otherwise provided herein, this Contract mag not be amended, changed or modified except bg a writing dulg executed bg both parties hereto. Without limiting the foregoing, and except as otherwise provided for herein with respect to Appendix A, no provisions of any contract between the Owner and ang third partg shall be deemed incorporated herein, unless such provision is set forth in full, in an amendment hereto. IN WITNESS WHEREOF, the Owner and the Contractor have executed this Contract the dab above first written. GE InternatJ(~rk~c. Title: GE Energg I&FS Northwest Services Manager Date: APPENDIX A BUREAU OF RECLAHATION PERMANENT ACCESS AGREEMENT 15 APPENDIX B SPARE PARTS LIST I. TURBINE Raw castings will be provided as follows: 3.) Two - Spare Spear Tips 2) Two - Nozzles 3) One - Deflector Plate II. GENERATOR 1) Set of Brushes 2) Brush Holders III. OILCIRCUIT BREAKERS 1) Trip Coil 2) Close Coil IV. BALL VALVE 1) Seals 2) Seats V. MONITOR SYSTEM 1) Input Boards - PLC 2) Output Boards - PLC 3) Phone Modem - Parts VI. MISCELLANEOUS PARTS 1) Light Bulbs 2) Lube Oil Filters 16 APPENDIX C PAYMENT SCHEDULE Pagments will be made on the following basis: An annual Base Payment of $78,000 will be due and payable within ten working days of the receipt of an invoice from the Contractor, which invoice shall be submitted at the Contractor's convenience on or after the Start date of this Contract. Further Base Payments will be due and payable within ten working days of the receipt of annual invoices from the Contractor, which invoices shall be submitted at the Contractor's convenience on or after the annual Start Date anniversary, ending on the nineteenth such anniversary. An annual Energy Pagment will be due and payable within ten working dags of the receipt of an invoice from the Contractor, which invoice shall be submitted at the Contractor's convenience on or after the annual anniversary of the Start Date, beginning with the first such annJversar~j, Jn an amount calculated as follow: $.006 (6 mills) per kilowatt hour (KWH) for every KWH over a minimum of 18,000,000 KWH produced during the previous contract year and measured at the first meter beyond the generator. 17 APPENDIX D PAYMENT ADJUSTMENT FORMULAS The prices included herein are firm as of the Contract Date. For services performed thereafter, the Base and Energg Pagment amounts shall be adjusted upward or downward to reflect changes in labor, material or engineering costs, and to maintain a constant ratio between the two pagments. The adjustments described below will be made bg the Contractor on or before the submission of annual invoices for services to the Owner. Copies ofang and all calculations performed pursuant to said adjustments will be included with annual invoices and will be subject to the review and approval of the Owner. All pagment adjustments will be made in accordance with the following further provisions: 1. DEFINITIONS For the purpose of price adjustments, the following definitions applg: "Labor Index" shall be the Skilled Labor Index for citg geographicallg nearest the job site as determined and reported monthlg in the second Engineering News Record (ENR) issue of each month (published weeklg bg McGraw-Hill, Inc., PO Box 430, Highstown, New Jerseg 08520). 1.) ILS will represent the Labor Index as defined above as of the Contract Date. 2.) ILA will represent the Labor Index as of the Start Date anniversarg. "Material index" shall be the Materials Price Index for the citg geographicallg nearest the job site as determined and reported monthlg in the second ENR issue of each month 1.) INS will represent the Materials Index as defined above as of the Contract Date. 2.) INA will represent the Materials Index as of the Start Date anniversarg. "Engineering Index" shall mean the Straight Time Hourlg Rate of the GE Energg I&FS Field Engineer Standard Rate as published for the Continental US. 1.) lES will represent the Engineering Index as defined above os of the Contract Date. 2.) lEA will represent the Engineering Index as of the Start Date anniversarg. "Base Indices" shall be the published Labor Material and Engineering Indices for the Base Month. e. "Base Month" shall be the month of the Start Date. Ang of the Indices or references noted above mag be changed or replaced in the future bg mutual agreement of the parties to this Contract. 18 2. ADJUSTMENT OF BASE PAYMENTS For the purpose of Base Pagment adjustment, the following percentages shall be applied to the price components noted: 1.) 50% of the Base Pagment will represent the labor content and will be expressed in the adjustment formula as PL. 2.) 24% of the Base Pagment will represent the material content and will be expressed in the adjustment formula as PM. 3.) 26% of the Base Pagment will represent the engineering content and will be expressed in the adjustment formula as PE. The exception to the above shall be the first Base Pagment adjustment, to be made on the Start Date, in which the percentages applied to labor, materials and engineering components shall be 50%, 40% and 10%, respectivelg. The beginning Base Pagment amount will be established at $78,000 as of the Contract Date. This amount will be adjusted on the Start Date and on everg anniversarg of the Start Date according to the following formula: $78,000 * {PL * (ILA/ILS)+ PM * (INA/INS)+ PE * (IEA/IES)}=RevisedBase Pagment GENERAL In the event ang change in the Contract specifications, prior to completion of the work, results in a change in the Bose Pagment, the new Base Pagment shall be considered as having been in effect since the Bose Month for the purposes of price adjustment. b. Adjustments shall be calculated to the nearest one-tenth of one percent. 4. ADJUSTMENTS OF ENERGY PAYMENTS Energg Pagments will be adjusted os follows: A beginning Target Pagment amount of $103,000 will be established as of the Contract Date. This figure represents the theoretical annual total of Base and Energg Pagments given projected energg production. For purposes of Energg Rate adjustment, the relationship between this amount and the beginning Base Pagment amount is expressed as a ratio of 1.3205. This figure will be adjusted according to the following formula: 1.3205 * Revised Base PagmentAmount:RevisedTargetAmount "Average Energg" will be established bg averaging annual energg production, as measured at the first meter begond the generator, for the gears between the Start Date and the adjustment date. 19 c. "Threshold Energg" will be 80% of Average Energg. d. Energg Pagment amounts will be adjusted on the fifth, tenth, and fifteenth anniversaries of the Start Date according to the following formula, to take effect on the subsequent anniversarg: (Revised Target Amount - Revised Base Amount) / Average Energg - Threshold Energg) = Revised Energg Pagment per KwH 5. EXAIVlPLE OF PAYMENT ADJUSTMENT Current indices are as of cJ/].3/8~t. Future indices are hgpothetJcal. $78,000 * {50% * (LG0.80/~t06.42)+ 2it% * (]5].22/]]3.2])+ 26% * (77.]8 / 7].00)} : $8~.,g00 = Revised Base Pagment 2O