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2012/08/01 Council Agenda Packet
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2012/08/01 Council Agenda Packet
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Council Agenda Packet
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8/1/2012
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2 <br /> twenty five thousand($25,000.00) in each subsequent calendar year. is <br /> two million($2,000,000.00) in 2008 and rises fifty thousand($50,000.00) <br /> in ach subsequent calendar year. <br /> g_The percentage incentive payment to the Contractor increases based <br /> upon the gross operating profit range. For example, if in calendar year <br /> 2013208,the gross operating profit is two million threetwe hundred fifty <br /> thousand dollars($2,350,250,000.00) (category 3),the incentive payment to <br /> the Contractor would be twenty nine thousand dollars ($29,000.00)fourteen <br /> thousand five hundred dollars ($14,500)based on the following; <br /> ! •--- !! e!! !,e ".e -1) .10 times $50,000=$5,000 <br /> . - !1,!!! ,!!! 2) .12 times $50,000=$6,000 <br /> 3) .11 times $ 50,000 (or$ 7,000) 3) .14 times $25,000=$3,500 <br /> $14,500 <br /> 11 <br /> 18 <br />
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