The contract is for wastewater treatment services between Bay County, Florida, and the City of Mexico Beach. The City of Mexico Beach pays for committed wastewater treatment capacity and wastewater treatment services from Bay County. The contract outlines the terms and conditions of the agreement, including the payment terms and the allocated wastewater treatment capacity. The contract also includes provisions for amendments and termination. Key aspects of the contract include:
• The City of Mexico Beach is allocated 473,000 gallons per day of wastewater treatment capacity.
• The City of Mexico Beach pays a monthly treatment rate, renewal and replacement component, reserve fund component, debt service component, and transmission line operation and maintenance fee.
• The contract includes provisions for payment events and credit to the City's treatment rate.
• The contract has a duration of approximately 2 years, from May 7, 2024, to May 5, 2026.