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• <br /> • <br /> • 4 <br /> rules which relate or apply to the generation of the corn silage, <br /> corn leachate and corn screened solids. Blaska will at all times <br /> be in compliance with all federal, state or local laws, <br /> regulations, ordinances, codes or rules which relate or apply to <br /> the collection, transportation, storage and disposal of the said <br /> corn by-products. Blaska represents and warrants that its pit or <br /> pits and its trucking equipment will be at all times in compliance <br /> with all federal, state or local laws, regulations, ordinances, <br /> codes or rules which apply to the collection, hauling and <br /> disposition of such corn by-products. <br /> Blaska will keep and maintain the loading area at <br /> Stokely's plant where Blaska receives these corn by-products in a <br /> clean condition and free of spills. <br /> 6. Stokely will pay to Blaska the sum of $1.50 for each <br /> green corn ton processed at its Sun Prairie plant during the 1990 <br /> corn pack and $1.375 for each green corn ton processed at said <br /> plant during the 1991 corn pack and each corn pack thereafter <br /> during the term of this agreement. <br /> Stokely warrants that it will process not less than <br /> 35, 000 green corn ton during any corn pack covered by this <br /> agreement. If Stokely processes fewer than 35,000 green corn ton <br /> in any such pack, it shall compensate Blaska on the basis of a <br /> 35, 000 green corn ton pack. Accordingly, Stokely guarantees a <br /> minimum payment to Blaska of $52,500 for services rendered during <br /> the 1990 corn pack and a minimum payment to Blaska of $48, 125 for <br /> services rendered in each subsequent corn pack during the term of <br /> this agreement. An advance payment of $26,250 shall be made on <br /> August 1 of each year of this agreement. A final payment of the <br /> balance due will be made on November 15 of each year of this <br /> agreement. <br /> Blaska has represented that its capital investment for <br /> development and construction of the pits and purchase and fitting <br /> out of trucks will not exceed $200, 000. Blaska has also <br /> represented that is annual operating costs will not exceed $26, 000 <br /> during the term of this agreement. Based upon financing presently <br /> available to Blaska, Blaska will require income of not more than <br /> $82,500 per year from sales of silage and from payments due <br /> pursuant to this contract in order to meet its annual capital and <br /> operating budgets. <br /> It is expected that sales of corn silage by Blaska will <br /> generate sufficient income, when combined with the payments <br /> 3 <br />