HomeMy WebLinkAboutWaste Pro of Florida Annual CPI - February 2013February 12, 2013
Mr. Kevin L. Smith
City Manager
City of Winter Springs
1126 East State Rd. 434
Winter Springs, Florida 32708
Re: Waste Pro Request for Price Index Adjustment- Residential Solid Waste Collection Franchise
Agreement
Dear Mr. Smith:
Pursuant to Section 5.0 Rates and Changes, Waste Pro respectfully requests that it be granted a
Consumer Price Index Adjustment of 2.5% to be effective March 1, 2013. CPI numbers were obtained
from the U.S. Dept. of Labor Statistics, CPI (1982 -84 =100), U.S. Average —All Items -All Urban
Consumers; per the terms of the contract. The calculation which is as follows:
2012 CPI
2.16% = (231.317 — 226.421)
226.421
PLUS
Carry Forward from 2011 Beginning Balance 1.03%
2012 CPI Increase of 2.16% - 2.50% Draw Down .34%
Carry Forward Ending Balance .69%
The above calculation represents a one -year change in CPI and a carry forward from the prior year.
Pursuant to section 5.2 of the contract the CPI plus carry forward cannot exceed 2.5% in a given year.
Should _you have gnylquestions, I may be reached at 321- 832 -1336
Division N
Waste Pro
3705 Saint Johns Pkwy • Sanford, FL 32771 -6369 T 407 - 774 -0800 F 407 - 786 -0800 www.wasteprousa.com
February 14, 2013
Mr. Steven Lafferty
Division Manager
Waste Pro of Florida
3705 Saint Johns Parkway
Sanford, FL 32771 -6369
CITY OF WINTER SPRINGS, FLORIDA.
1126 EAST STATE ROAD 434
WINTER SPRINGS, FLORIDA 3270 8-2799
Telephone (407) 327 -1800
Re: Waste Pro Request for Price Index Adjustment- Residential Solid Waste Collection Franchise
Agreement
Dear Mr. Lafferty:
We are in agreement with your November 29, 2012 request for a Consumer Price Index Adjustment to.be
effective March 1, 2013, pursuant to Section 5.2 of our contract. Consumer Price Index numbers were
obtained from the U.S. Dept. of Labor Statistics, CPI (1982 -84- 100), U.S. Average —All Items -All Urban
Consumers; per the terms of the contract. The calculation is as follows:
2012 CPT
2.16% — (231.317 — 226.421
226.421
PLUS
Carry Forward from 2011 Beginning Balance 1.03%
2012 CPI Increase of 2.16% - 2.50% Draw Down .34%
Carry Forward Ending Balance .690/.
We, therefore, approve the requested increase of 2.5% consisting of a 2.16% CPI adjustment plus a .34%
carry forward adjustment as allowable by contract.
If you have further questions please do not hesitate to contact me at (407) 327 -5960.
Sincerely,
"r
Shawn o
CFO and Director of Administrative Services