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22 • FINANCIALFort Bend County Municipal Utility District #131 (Fort Bend County)

Payment

Presented in: Board of Directors Regular Meeting - April 22, 2025 on 2025-04-22
Meeting Agenda PDF

Official Roll-Call Vote

Expands Gov't • 2.9/10 Impact Weight
PASSED (5 - 0)
“Motion to approve Payment”
JR
Joann Randall
President
YES
JM
Jeanna Maxwell
Director, Place 1 (Place 1)
YES
LS
Leslie Smith-Boards
Director, Place 2 (Place 2)
YES
JJ
Jennifer Jacobs
Director, Place 3 (Place 3)
YES
MH
Michael Higgins
Director, Place 5 (Place 5)
YES

Staff Report & Agenda Item Details

2. Payment A. For services defined in this Contract, Texas Pride Disposal shall invoice Customer on a monthly basis. Customer agrees to make full payment to Texas Pride Disposal within forty-five (45) days of receipt of Texas Pride Disposal’s invoice. B. Except as otherwise provided by this Contract, the rate of compensation shall remain effective for a period of one (1) year. The rate of compensation shall thereafter be automatically adjusted once each year on the anniversary date of this Contract, and continuing through any and all renewal terms, the greater of either 3.00% or 100% of the most recently published CPI-U: National CPI, Garbage and Trash Collection. C. Each month, if the price per gallon for diesel fuel increases to $3.25 per gallon or more, Texas Pride Disposal will implement a fuel recovery fee (the “Fuel Recovery Fee”) to be included on the District’s monthly invoice and calculated in accordance with this paragraph. The price per gallon will be determined once per month by taking the current month average of low sulfur diesel fuel in the Gulf Coast area listed on https://www.eia.gov/petroleum/gasdiesel as of the date Texas Pride Disposal is preparing the District’s monthly invoice, rounded down to the nearest $0.25, (the “Monthly Average Fuel Price”) to determine a Fuel Recovery Fee Percentage. The Fuel Recovery Fee Percentage shall equal 1.0% if the Monthly Average Fuel Price equals $3.25 per gallon plus 1.0% per every $0.25 that the Monthly Average Fuel Price is over $3.25 per gallon. For example, a Monthly Average Fuel Price of $3.25 = 1%, $3.50 = 2%, $3.75 = 3%, and so on. The Fuel Recovery Fee on the District’s monthly invoice shall be determined by multiplying the total amount invoiced to the District for garbage and recycling collection that month times the applicable Fuel Recovery Fee Percentage, rounded down to the nearest $0.01. When the Monthly Exhibit B Average Fuel Price falls to less than $3.25 per gallon, there shall

Bastiat Liberty & Property Rights Analysis

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 2.9/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).