Laserfiche WebLink
the County within thirty '(30) days of the commencement and <br />termination of said commercial marketing. For purposes of this <br />Agreement, "commercial marketing" shall mean the sale of landfill <br />gas (or methane gas or other fuel product derived from landfill <br />gas hereinafter referred to as "derivatives") by WMMI to users of <br />said landfill gas (or said derivatives) other than WM/~I. <br />Commercial marketing shall not include landfill gas used, <br />consumed or lost in connection with WMMI's production, treatment <br />and/or sale of landfill gas; the ¢onsumptlon of landfill gas (or <br />said derivatives) by WMMI for heating or for the generation of <br />electricity for consumption on the Property; or landfill gas (or <br />said ~erivatives) consumed on or off the Property in programs, <br />tests or projects intended to determine or establish the <br />commercial viability of said landfill gas (or said derivatives}. <br /> <br /> 51. Paymegt. From and after the Commencement Date, WMMI <br />agrees to make monthly payments totalling fifteen percent (15%) <br />of the monthly gross revenues received by WMMI or any party <br />authorized by WMMI from the commercial marketing of landfill gas <br />as follows~ nine percent [9%) of said monthly gross revenues <br />shall be paid to the County, three percent (3%) of said monthly <br />gross revenues shall be paid to the City, and three percent (3%) <br />of said monthly gross revenues shall be paid to Ramsey. No <br />deduc~ions shall be made from gross revenues for any franchise, <br />income, or gross receipts taxes or for any other tax based upon <br />incom~ of WMMI; provided, however, that any tax, fee, or <br />surcharge imposed by federal, state or local governmental <br />autho~ities upon the production or extraction of landfill gas <br />shall~be deducted from gross revenues prior to the calculation of <br />payments to be made hereunder. Said payments shall be payable <br />within sixty (60) days after the end of each month in which said <br />gross.revenues are received. <br /> <br /> WMMI mhall keep, or cause to be kept, full, complete and <br />proper books, records and accounts of the gross revenues received <br /> <br />- 2 - 6/21/84 <br /> <br /> <br />