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2. 1st Amendment 02/15/2006 DANNY L. KOLHAGE CLERK OF THE CIRCUIT COURT DATE: March 9, 2006 TO: Carol Cobb, Executive Assistant Solid Waste Management Division Pamela G. Han~ Deputy Clerk CY FROM: At the February 15, 2006, Board of County Commissioner's meeting the Board adopted Resolution No. 034-2006 authorizing Carol A. Cobb to execute, on behalf of Monroe County, liens and satisfactions of lien relating to the special assessment for solid waste collection and disposal. Enclosed is a certified copy of the subject Resolution. At the same meeting, the Board granted approval and authorized execution of an Amendment to Solid Waste and Recycling Collection Franchise Agreement between Monroe County and Ted Carter Enterprises, Inc., DBA Keys Sanitary Service, to modify audit accounting provisions. Enclosed are two duplicate originals for your handling. Should you have any questions please do not hesitate to contact this office. cc: Public Works w/o documents County Attorney Finance File./ AMENDMENT TO SOLID WASTE AND RECYCLING COLLECTION FRANCHISE AGREE NT THIS AMENDMENT is entered into this 16'~ay of , 2006, by and between Monroe County, a political subdivision of the State of Florida, ("Coun "), and Ted Carter Enterprises, Inc. DBA Keys Sanitary Service, a Florida Corporation, ("Operator"). WHEREAS, on May 19,2004, the parties entered into that certain SOLID WASTE AND RECYCLING COLLECTION FRANCHISE AGREEMENT BETWEEN THE BOARD OF COUNTY COMMISSIONERS OF MONROE COUNTY AND TED CARTER ENTERPRISES, INe. DBA KEYS SANITARY SERVICE of Florida (the "Agreement") for the collection and management of solid waste and recyclables; and WHEREAS, the parties have determined that it is to their mutual benefit and interest that the term of the Agreement be modified; NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows; 1. All capitalized terms shall have the meanings given them in the agreement unless specifically noted or the context of usage requires otherwise. 2. Section 6B is modified as follows: B. Solid Waste and Recycling Collection Rate Adjustments: For all Collection services, the charges shall be initially based on the rates established in Exhibit II, and as subsequently adjusted pursuant to this Agreement. The Franchisee shall receive an annual adjustment in the Residential Solid Waste Collection Service, Commercial Recycling Collection Service, Commercial Solid Waste Collection Service and Residential Recycling Collection Service rates. The adjustment shall be made to the combined category of Residential Solid Waste Collection Service and to Residential Recycling Collection Service and separately to the combined category of Commercial Solid Waste Collection Service and Commercial Recycling Collection Service. At the end of the first year of this agreement the adjustment might be made in accordance with the percentage change in the Consumer Price Index for all urban consumers (CPIU) for the most recent 12 months available. If the Franchisor shall determine a need for same and upon 120 days' written notice by the Franchisor the year following the Franchisee's fiscal year hereby defined as January 1 through December 31, the Franchisee shall deliver to the Franchisor, in a format shown in Exhibit IV, (as may be further revised by the Contract Administrator from time to time), a compiled Financial Statement including at a minimum, a balance sheet and an income statement representing the financial position and the results of operations respectively of the Franchisee in each service area. The report will be prepared by a Florida Certified Public Accountant, who has conducted a compilation of the Franchisee's books and records in accordance with generally accepted accounting standards. The Franchisor and Franchisee understand and agree that time is of the essence regarding receipt of the compiled financial statement. Therefore, if the franchisee fails to provide the Franchisor with the financial statement on or prior to the date prescribed herein, the Franchisee shall pay the sum of one hundred dollars ($100.00) per day for each calendar day the submittal is late. No extension will be g:ranted except for uncontrollable circumstances as referred to in Section 21. No rate adjustment of any type will be granted to the Franchisee unless all required financial statements have been filed in a timely manner. 3. Section 27 is modified as follows: The Franchisee shall maintain within Monroe County adequate records of all Solid Waste collection and recycling services. The Franchisor or its designee shall have the right to review all records maintained by the Franchisee upon 24 hours written notice. If the Franchisor shall determine a need for same and upon 120 days written notice by the Franchisor in the year following the Franchisee's fiscal year, hereby defined as January I through December 31 financial statements will be prepared by a Florida independent certified public accounting firm prepared in accordance with generally accepted accounting principles, pertaining only to each individual Collection Agreement and Service Area, shall be delivered to the Franchisor no later than April 30 of the year following the Franchisee's fiscal year, hereby defmed as January 1 through December 31. No extensions will be e:ranted except for uncontrollable circumstances as referred to in Section 21. No rate adjustment of any type will be granted to the Franchisee unless all required financial statements have been filed in a timely manner. Franchisee shall maintain all books, records and documents directly pertinent to performance under this Agreement in accordance with generally accepted accounting principles consistently applied. Each party to this Agreement or their authorized representatives shall have reasonable and timely access to such records of each other party to this Agreement for public records purposes during the term of the Agreement and for four years following the termination of this Agreement. 4. Exhibit IV, page 1, is modified as follows: EXHIBIT IV FINANCIAL REPORTING FORMAT The Franchisee shall submit to the Franchisor a compiled operating cost statement prepared in accordance with generally accepted accounting standards. The Franchisee shall disclose as part of the Statement ofIncome and Expense all methods of allocations used to distribute costs between commercial and residential operations. The disclosure shall be in narrative form and include the basis for the allocation method. The Franchisee shall provide a description of the expenses classified as Other Operating Costs and Other General and Administration. Any allocations made will need to be disclosed in a narrative format, along with the basis for those allocations. Additionally, it is understood that each Franchisee shall utilize the accrual basis of accounting for income and expenses. Attached is the required format for financial statement reporting in accordance with this Franchise Agreement. 5. Except as provided in this Amendment, in all other respects the terms and conditions of the May 19,2004 Agreement remain in full force and effect. THIS AMENDMENT SHALL BE RETROACTIVELY EFFECTIVE FOR FISCAL YEAR 2005 AND SHALL REMAIN EFFECTIVE THROUGH THE END OF THE FRANCHISE AGREEMENT. State of Florida County of Monroe BOARD OF COUNTY OF MONROE COUN By: Mayor/Chairperson On this 11 th day of January, 2006, PERSONALLY APPEARED BEFORE ME, the above signed authorities, John E. Carter, Jr., and John E. Carter, Sr. to me known to be the persons who executed foregoing instrument and acknowledged that they executed the same as their free act and deed. ~",,""H:;:"!l. EUZABETH A. BEATnE f.: ~.i MY COMMISSION # DO 161150 - . . EXPIRES: October 27,2006 Bonded 1lw Notary PItllic UnderwrIt8I8 0.~Q~~ Nota Public Signature TED CARTER ENTERPRISES, INC. DBA \J d~~ARY SER~ ~}!~.n/.At. Notary Stamp John E. Carter, Jr. and John E. Carter, Sr. are personally known to Notary Public. 3: 0 C> )? :% % :;:0__ 0" J.-:- ..,'-( :-,::: o. I S%~ -:; (") ~''- ~ :-1 j~: ..- c;-> . ry\ J> ~ c:::>> C7' ::::I: :PI" ::0 I \J) -0 ::J: N .. &" C7\ -r'1 r= I"f'1 o " o :::0 7A"? f11 :.J o ;.0 o