HomeMy WebLinkAbout2819 Price of mill, except that CITCO shall not reicain this amount for
the first two ye~d~cs of the contract unless requested by IRP'. CITCO
shall sell the finishec7 bulk (without bags) pulp at a price
approxima~ely that of the majority of the mills in the industry.
CITCO further agrees that they will not sell finished feed for
future delivery unless they consult with the management of IRF.
5.) That they will allow IRF to purchase the feed
mill ~acilities for the contract price less
retained amounts by August first of any year
during the lease period.
6.) That they shall pay any and all taxes and in-
surance on the feed mill facilities. They shall
also carry adequate personal and property liability
insurance to protect IRF'. That they shall furnish
copies of said policies dealing with personal and
property liability insurance to IRF.
7.) That the price paid IRF for peel is based on todays
labor, fuel, and tax casts. Any increase or de-
f
~ crease in these amounts shall be proportionally
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~ reflected in payments in succeeciing years on the
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~ following basis:
~ For $1.00 increase or dec=ease in minimum wage
and related taxes contract shall change 22~ per
~ wet ton paid. For 1~ per gallon increase or de-
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~ crease in oil price or other fuel being used
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~ (present price shall be $~ana~a) contract shall
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~ , change 20~ per wet ton paid.
~ 8.) It is understood that the peel oil shall belong to
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~ - 4 - 800K Pa6E~~7~~
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