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AI-5659 New Business     H.       
City Manager  
Meeting Date: 03/26/2018  
MOU - Correction - Suez Operations Agreement
Submitted By: Rob Schommer
Department: City Manager  
Council Committee Review?: Council Work Session
Date(s) of Committee Review: 03/20/2018
Audio-Visual Needs: Emergency Legislation?: No
Motion/Ordinance/
Resolution No.:
2018-R-6623

Agenda Item Description or Legislation Title
A Resolution Authorizing The City Manager To Execute A Second Amendment To The Operations And Maintenance Agreement By And Between Suez Water Environmental Services, Inc. And The City Of Huber Heights, Ohio.
(first reading)
Purpose and Background
The intent of the amendment to the Suez Agreement was not to change the CPI index or the method of its calculation.  The only intent was to add the ECI portion and assign the appropriate weights to each.  There is a need to only correct the language regarding the CPI table to be used and the method of calculation, back to what it was in the original agreement. 

The CPI increase using the incorrect CPI shown on the amendment would result in a 1.66% increase in CPI portion.  The original that should have been in the amendment results in a 1.33% increase in the CPI portion for 2018. 
This is the one we have been using since 2010:
 
Consumer Price Index-All Urban Consumers
Series ID : CUURD200SA0
Not Seasonally Adjusted
Area : Midwest - Size Class D
Item : All items  
 
This is the one that was inadvertently put in the amendment:
Series Id:     CUUR0200SA0,CUUS0200SA0
Not Seasonally Adjusted
Series Title:  All items in Midwest urban, all urban consumers, not seasonally adjusted
Area:          Midwest
Item:          All items

An appropriate process to solidify the correction will be discussed and presented.

Fiscal Impact
Source of Funds: N/A
Cost: N/A
Recurring Cost? (Yes/No): N/A
Funds Available in Current Budget? (Yes/No): N/A
Financial Implications:
Attachments
Resolution
Exhibit A
2018-R-6623


    

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