Attachment 1
Bid Form 3
PURCHASE PRICE
1. Total Purchase Price: Bidders must provide a Total Purchase Price for each Binding Rate Schedule set forth below. Bidder hereby proposes a total Purchase Price in accordance with the RFB for the System and assets described therein at an amount set forth:
a. For the Binding 7-year Rate Schedule in Section 3.a. of this Form 3, below:
and in dollars as follows:
$ 7,000,000.00(Bidders acknowledge that in the case of a discrepancy between the words and numbers written above the words shall govern)
2. Transaction Reimbursement Costs: Bidder acknowledges that in addition to the Purchase Price set forth in item 1 above, the Bidder shall also pay to the Borough the Transaction Reimbursement Costs of $150,000. Such amount shall be paid in accordance with the Sale Agreement terms and conditions.
a. Binding Rate Schedules: Bidders must provide a 7-year Binding Rate Schedule.
i. 7-year Binding Rate Schedule: Bidder shall attach to this Bid Form 3 a minimum of a 7-year binding Rate Schedule to be implemented for the first 7 years following the sale of the System. Bidder's acknowledge that pursuant Section 4.0 of the RFB, the initial 7 years of the binding Rate Schedule submitted by a Bidder shall be used by the Borough to determine the Highest Responsible Bidder in the event that the Borough selects a 7-year Binding Rate Schedule option.
