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HomeMy WebLinkAbout13- Moriarity Access Agreement for sub-slab depressurization system October 15, 2013 Ed Moriarity 973 St. Andrews Dr. Bozeman, Mt 59718 Subject: Access Agreement for Installation, Operation and Maintenance of Sub-slab Depressurization System and Other Mitigation Measures Dear Mr. Moriarity Previously you granted the City of Bozeman and its consultants access to your house to conduct indoor and sub-slab testing as part nfan ongoing vapor intrusion study conducted to evaluate the possible migration of constituents, including volatile organic compounds (VOCs), from the Bozeman Landfill into surrounding properties. The results of that testing have been evaluated and the City is now recommending and seeking permission to install a sub-slab depressurization system or other possible measures, to mitigate against any vapor intrusion that may be occurring from underground sources. This voluntary agreement has been prepared for the purpose of granting the City, its oumsuKmnts, and contractors access to your house and property as needed to complete the design and installation of sub-slab depressurization system or other mitigation measures. Before executing this agLeement you representatives.are asked to review the terms carefully with your own If you have any questions during this process please don't hesitate to contact Rick HixsOn, City Engineer ot4O8-5B2-228Oor Kirk Miller of Tetra Tech mt4O6-4G1-O284. Sincerely, p _~ Rick H|xsoO, City Engineer ACCESS, AGREEMENT located at -973 St. Andrews Dr. (Property) grad the City of Bozeman (City), and its authorized consultants, and contractors access to the Property, including the interior of the house, as reasonable and necessary to design, install, operate and maintain a sub-slab depressurization system (System) consistent with Exhibit A or other mitigation measures which may include, but are not limited to, sealing any cracks and penetrations in the slab or foundation of the 1. Grant of Access. Owner(s) grant the City ocueoa reasonably necessary to deoiQn, inptoU, monitor, and test the System and other mitigation measures (Permitted \ Thereafter the City shall have access t0 the Property at least twice per year, but not more than four times per year, to monitor and maintain the System, or as needed to repair orreplace any System nnrnpumemb». 2. Term of Agreement. This Agreement shall be in effect for ten (10) youmo from the date of execution, If the Parties agree it may be extended by any number mf successive five (5) year terms. If the Agreement is not extended beyond its fixed term it shall continue year to year thereafter until terminated bv either party, 3. Notice. The City shall contact Owner(s) to arrange for ecoeao to the Pnzpedx as provided for here. Ouvnaroagree not&} tamper vv�hthe ��ystenmortVa(|ovv any person not�approved bythe City to tamper With or vvOd{ on the System, In the event maintenance or repair is needed Dvvngr(m) agree to notify the City ae provided for here oras may be altered lnwriting: City Contact: Attn: City Engineer 2O East Olive Street PO Box 123O Bozeman, PVIT5S771-1230 Owner: Ed Moriarity 973 St. Andrews Dr, Bozeman, Mt 59718 4. Design. PhO[ to installation the City shall provide Owner(s) with final design plans and shall obtain OvvnGr(a)' vvhtten approval toproceed. The System will be designed and installed to maximize effectiveness with minimal impact 1othe Property. 5� |oswmmoce and Indemnification. Also prior to inatm|[atKon. City's contractor(s) will be required to provide City with evidence of adequate commercial general liability coverage Damming the Owner(s) as additional insured(s) on a primary non-contributory basis. The [|Mv shall be responsible for any damage 10 the Property caused by the installation of the System or other mitigation measures and agrees to fully repair any such damage. O. Installation Costs. The City shall ensure that no liens or encumbrances related to the System are placed on the Property and shall be responsible for all costs associated with the design imaba0otionof the System or other mitigation measures. 2 7. System Ownership. The City shall own the System and shall be responsible for the cost of monitoring, operating and maintaining the System until otherwise agreed by the Parties or until this Agreement is terminated as provided herein. 8. Electrical Costs. Upon System installation the City shall pay Owner(s) a lump sum to cover projected cost of operating the System for the term of this Agreement based on the present value of the costs of operating the System for 10 years as shown in Exhibit B and should this Agreement be extended beyond the fixed term the City shall pay the Owner(s) an additional lump sum payment for the costs of operating the System for the term of any such extension until this Agreement is terminated. 9. Termination, At any time 60-days prior to the end of any Agreement term then in effect either party may, upon 60-days written notice to the other, terminate this Agreement. Upon termination, unless otherwise agreed to by the parties, the City of Bozeman agrees that it will, at the request of the Owner either convey the entire system to the owner or disconnect electrical service to the System and remove any components of the System requested by the Owner, and repair any damage to the Property that might have been caused in connection with any of the Permitted Activities, and to the extent reasonably possible return the Property to the condition it was in before Permitted Activities were conducted. 10. Binding on Successors. This Agreement is binding on the Parties and any person succeeding to the Parties' respective interests including agents, tenants, heirs, and assigns. Owner agrees to disclose this Agreement to any person or entity holding or accepting any interest in the Property. If the Property is rented, Owner(s) shall provide City with a copy of Exhibit C, "Tenant Acknowledgment" executed by any existing or future tenants. 11. No Admissions, Nothing in this Agreement may be construed as an admission of liability or as a waiver or release of any claim of defense that either Party may have related to vapor intrusion at the Property or otherwise. Date: Owner- Print ame, al"✓/ XX 1411P kil, Date: Owner- Printed Name V 17 z. ) Si natur4 r. Date: 12,- City of Bozeman Chris A. Kukulski, City Manager z a 0 O m GARAGE 7 UTILITY THEATER ROOM E � CLOSET 0 y GOAT a U I Iz LAUNDRY BEDROOM T WINE SPARE ROOM BATH NOTES: 1, EXTRACTION I PIPING IN LAUNDRY RUNS VERTICALLY TO CEILING THEN HORIZONTALLY SOUTH AND EXITS OUT SOUTH WALL WITH AN HP 190 FAN INSTALLED THEN VERTICALLY UP u WALL THROUGH ROOF. 2. EXTRACTION PIPING IN GARAGE RUNS VERTICALLY TO CEILING THEN OUT THROUGH CONCRETE WALL WITH AN HP 190 FAN INSTALLED THEN DOWNSPOUT UP UNDER EVE. p � nN m HOMEOWNER REVISED EXHIBIT-A ACKNOWLEDGEMENT INITIALS /M P1q Gc rC / .. 't�sc r "c T% Urwiudp,do ih d 1...mid d 9 rp nai. ife pY tl lof TETRA TECW Thdvd rrg dh 1 qd qd F d tivN.h ut th p e rR (TETRA TECH AM 1191�1 It bl IMA­d ar by nExRA iECW astliie irzcoN Capy pup .fM proaece TE7 TECH d—Wappr alavahmdume,t,H,ry m TEGW'emiff0 ppr ;I �OV @R�@P r�^1 IWp,G+ +� VAPOR MONITORING MORIARITY RESIDENCE A POINT LOCATED Sufi-SLAB DEPRESSURIZATION SYSTEM EXTRACTION, PIPING + EXTRACTION POINT LOCATED AND VAPOR MONITORING POINTS EXHIBIT A LLVa GARAGE UTILITY AREA FOR PROPOSED THEATER EXTRACTION POINT ROOM A_ i ............. ........................ CLOSET. < ICOA LAUNDRY BED ROOM WINE A :a SPARE % ROOM V2 2 BATH ary15 OF •N O '.­ftl '1hC."­np,Cd­rTE7RA7ECH Anl,,,­!.fllb�,­­d 7ETRATECH as 0"McOrd COW(OF PUPO—OrlhIg pl,,O�TETRA TECH dwl,wt Ippl,ll 1111 11,arl fl�Oa d­rfs If any alnratian o �,f­tian ­dFF�h,o TETRA TECH',, October 14,2013 a, VAPOR MONITORING MORIARITY RESIDENCE A POINT LOCATED SUB-SLAB DEPRESSURIZATION SYSTEM EXTRACTION, PIPING 0 EXTRACTION POINT LOCATED AND VAPOR MONITORING POINTS EXHIBIT A Z 0 GARAGE 0 z UTILITY AREA FOR PROPOSED THEATER ROOM EXTRACTION POINT X .............. CLOSET 1COAT BED ROOM 7v/ LAUNDRY & WINE I A N�i'qv4 C40 SPARE 7i "-n V ROOM BATH Y_ Aw veI rNN �rc) Or wk Q\ 7 3 Exhibit Location: RAPROJECTS113ozeman LandfilftLandfill Gas Monitoring \Soil Gas Investigation\6-Phase III Br Cr Mitigation iv'i 1E (Mitigation Design FiguresTublish T�o,C,­%m(rev or. o.�h�0g-o-1,wo*Pxoduo of TFT RA T ECH Thi�­Jog­­1 ho­,,J.­d odUmd iftd the prior ,1R., w M of 7C7oA 7EC�M ,Ig,nM W ho,,o­d 7q 7ETRA TECH,,ft-,000,ol f,pu,pme, N,;,0000l TETRA 7ECH�snot n ot app ova of on­1 d,­t,ft­y or W.pI­15­ds d,�tE tRA 7EG H,­flo,approval. V&11'tober 14,201fi ><" VAPOR MONITORING MORIARITY RESIDACE yl POINT LOCATED SUB-SLAB DEPRESSURIZATION D SYSTEM EXTRACTION, PIPING EXTRACTION POINT LOCATE AND VAPOR MONITORING POINTS EXHIBIT A ai m ro C: cram .irnr1� A <aN � CL a � •* m m dt" iD 0* Cy Xlf "] SO y rw CL m ti N <fl <9U�Jb5EA +Ff3H9EA {969'0 0 Q W G3 N N N N N y V h1 qt s NocnM4- M cow -A `� ti4) V N C? 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CD m M Electricity cast for user submitted device Page 1 of 1 Home I Install an Attic Fan Keep Pipes from Freezing I LED Light Bulb Savings comparison ( Electrical Products I About Us Commonly Used Devices 60 Watt Incandescent Light Bully com uter S stem Drop coffee Maker(warm) Oven at 350 degrees 100 Watt Incandescent Light Bulb Computer System{sleep mode) Electric Blanket Space Heater{portable) Compact.Fluorescent Larne Drip toffee Maker(brow) Furnace Fan LCD HD N-47 Inch Clothes Dryer Oxygen Concentrator at 3.0 LPM Microwave Oven(Highest Setting) LGD Monitor-22 Inch Device[carne; Depressurization Fan Coast Per Hour $0 859 Wattage of Device: 150 m mm _._..w Cost Per Day: $0.236624 Kilowatt Hour Cost: .065729 Cost Per Week: $1.656 Hours of use per day-, Cost Per month; $6.63 Calculate Cost r Cost Per Year: $86.13 Copyright 2008-2013,Spectrum Research Inc, http://www,eIectricity-usage.com/Electricity-Usage-CaleuIator.aspx?Device=.Depressurizati... 9J6I2013 Electric Monthly Default Supply Rates Page I of I New Rate Effeclive iMe SepUmbrg 1,2DI 3, ETPctric Resideotial Electric Lighbnq Cqpctive IDA! pnCelk"Wh Chanqc, Effch,,v CaTr PncoWldh '71 -r);2 D��""WIAO N v�-'ITI�;Is�011 0 L) Ci 2) 0 )U:� '10 1-:- 0 S j,01 13 ;6011 r. 0 ul rA, 26 1 F",CS51t5'k 0 ' .)4 59" 7, bepteirnbp,i 01,2013 K 0,6,5729 "0'0"639 GLneral Servi",1 Secondary Non Demand General Service I Secondary Demand t--ffectM'OW VcolkWh chanqa ErfvcdVL Uak: PHceil(Wh Chwicie 0 OCC D I I I-—MCOr O1 -'11 n 20 i C, h A)I Z,b CIG�t 3A S L)31 ')Dl S.,UFa 1 2 3- C! 20 Z 0 4 '24 r 11 5'191.1 5") �0 F' May C 20 1 fi�"01 30 I I M rj A ml'l I '20 J,1,,Cj >0l3 JL CG�4134 20 1 "1 U U CO " L j LH I rr r,rc,r D 3 70 i S General Service I Primary Non Dernand General Service i Primary Doxnand F.(MrtivP Date pricelkItih chancj(� EftLcllve DiOe PrIudMill Olm'lgf� -012 0C r3 t PI 01 -33 Nov-,!rq .r 0 1 lrii rJf71:,�,y3ti 1j3 2!:'2 RO r T,"j I Y I:, L( Z, J',,;if, 0 1 C:p "(D 01.C'-1 1, Ja, 0 1 �)--i 3 -nr'))l '?6 i r 201, C' "'8 D 00"'.r iI V11 0 0;74 Arr v 1 4 j 0�T4 7 0 OaL,:3 2r Eu 77 'Oav 1 2"� 2 0 C�',�7'12,5 _,- 0 i J. 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Inflation Rake Forecast:Energy US Inflation Rate Forecast 53 Year Grall-Consumer Price Index-En Mr Inflation:Food Energy Housinar..m—fi—1-t, Current Analysis&Forecast; US Energy Inflation Rate Commentary 6092 e ENERGY INFLATION RATE July,2013 Data. The forecastfor the US Energy Inflation Rate is in the table at the top of this page.Forecast-Chart.com is forecasting that Energy Inflation Rates will be roughly 15.71%over the next year.The tal shows a HDTFA of 12.80%which suggests that the inflation rate for energy prices in the US forlhe 12 months ending August,2014 could easily fall between 28,51%and 2.91%.Links to Forecasts for many other economic indicators may be found at the top of this page.The energy price index used in this article is the Consumer Price Index for-All Urban Consumers,Energy,hereinafter referred as the energy price index Annual US Energy Inflation Rate Last Month -26% Last Year. .. ... ....4.7% Last 5 Years 2.4% Last 10 Years..................7.2% Last 20 Years 4.9% Annual Energy Inflation Rate:Highs&Laws High(Last 12 Months) 4.7% (July,2013) Low(Last 12 Months) -8.9% (August,2012) High(Since January,1958) 47.1% (April, 1980) Low(Since January, 1958) -28.1% (August,2009) The annual Energy Inflation Rate for the 12 months ended in July,2013 was 4,75%.That's 1.57%percent higher than the 12 months ended in June,2013 which inflated at a rate of 3.1 B%.It is 10.34%percent higher than the 12 months ended in July,2012 which inflated at a rate of-5,59%. The rise in inflation rates from June to July indicates that the short term inflation trend in energy prices has been up.If that trend continues,we should see an inflation rate for the 12 months ended in August,2013 that is close to 6.32%. The USA Energy Inflation Rate one year ago was-5.59%.Over the last year, http://forecast-chart.com/inflation-usa-energy.htmi 9/6/2013 USA Energy Inflation Forecast Page 2 of 6 inirfation in me energy price incex was 4.to-/0 i ne average race over me isist iu years was 7.20% Lower inflation over the last 12 months compared to the average inflation over the last 10 years serves as an indicator that the long term trend in the Energy Inflation Rate is down Inflation expectations should be adjusted accordingly Forecast-Chart.com"s historical research covers Energy Inflation Rate data back to January,1958.The average annual inflation rate in energy prices during that period of history was 4.92% The highest rate was 47.13%.The lowest rate was-28,09%_ The high was attained in the 12 months ended in April of1980 The low was achieved in the 12 months ended in August of 2009, Recent rates experienced in the 12 months ended in July of 2013 are similar to the historical 4.92%average This page provides a five year chart and a forecast for the US Energy Inflation Rate.For links to longer term charts,look at the links Linder the five year chart (above).One link opens a ten year chart.Another opens our longest term graph on the Energy Inflation Rate Just one glance at Forecast-Chart.com's long term charts can provide tremendous insight into the historical trends of the financial markets The US Government's inflation economlcs policy attempts to control inflation. High inflation and negative inflation(deflation)can have damaging effects on the economy. Commentary 6092 a ENERGY flNrLATION RATE June,2013 Data: The forecast forthe US Energy Inflation Rate is in the table atthe top of this page Forecast-Chart cam is forecasting that Energy Inflation Rates will he roughly 15.48%over the next year.The table shows a HDTFA of 12.87%which suggests that the inflation rate for energy prices in the US for the 12 months ending July,2014 could easily fall between 28.34%and 2.61%.Links to Forecasts for many other economic indicators may be found at the top of this page.The energy price index used in this article is the Consumer Price Index for All Urban Consumers:Energy,hereinafter referred as the energy price index. Annual US Energy Inflation Rate Last Month 19,9% Last Year. . ......... 32% Last 5 Years 2.7% Last 10 Years...... 7.2% Last 20 Years 4,9% http://forecast-chart.com/inflation-usa-energy.html 9/6/2013 CD a`a as U) (D CO Q) Z co 6-0 ce r� 75- IT 0 C14 Q) 'C LCII LU 0 .2 c CV S6 4E� C 0 N o ID Q) Ctl :3 :3 LLJ r ca 0 CO 0 C cn a) 'o 0) m D Cf) an 0 Z) LO o 7 8 2 N {6 5 0 C. C) S4 V) CD 0 4) !� m CO CO OD LO V) CO cy) 0 co C) 4D r M M r� M f4 — N C) f— co &. ()� Cli E) CO C N. CC) (D. M. —. C. C3- CD- —I Co. m C14 rl- co oo 0) 0) o r CN CO V LD CO CD fa t3 69 U3, (a oll 61* uj uj fA bFk CD Z M E o > 4s m 4� LL r 0 0 t5 Q T 2 ui w SOU r N cr) 't LO co r- co m 48 M E E 0 W w 0- w w Electricity cost for user submitted device Page 1 of l Home } Install an Attic Fan I Keep Pipes from Freezing J LED Li ht Bulb Savings Cam arson Electrical Products I About Us Commonly Used Devices 60 Watt Incandescent LT ht Bulb Computer System Drip Coffee Maker{warm) Oven at 350 degrees 100 Watt Incandescent Light Bulb Computer System(sleep mode) Electric Blanket Space Heater(portable) Compact Fluorescent Lamp Drip Coffee Nlaker(brewv Furnace Farr LCO HO TV-47 Inch Clothes Dryer Oxygen Concentrator at 3.0 LPM Microwrave'Oven(Highest Setting) LCD Monitor-22 Inch Device Name: Depressurization Fan Cost Per Hour: X0.005859 Wattage of Device: 150 -W Coast Per Day: 50•236624 kS p y.065729 _ .P' Weeks $1.656 Hours of use Kilowatt Hour Cost Cost Per..,.,._t .... _ _. U Cost Per Month: $6.63 per da y: 124 tyf Calculate Cost Cost Per Year; 1$86.13 I Copyright 2008-2013,Spectrum Research Inc. fttp://www.electricity-usage.com/Electricity-Usage-Catculator.aspx?Device=Depressurizati... 9/6/2013 Electric Monthly Default Supply Rates Page I of I New Ratc,Effective Date Se,ptembpr 1,2013 Eiectric Rmidentlil Electric Lighting Efl,:ctive Ditc PriueAVIM char c p Oteciive Dare -McclKWh chantr" u 0 C 20 13 ",jAU:4, I F 0 1 7 Q r,I PO4 J,. x013 1: 1 ......JG"A I 2U 0, 54 W 0 fr, ,.�.�ptwvibpi 01,2013 S006577,9 01"(W'��O 0 General Service I Secondary No;n Demand GLneroi Service I Secondary Demand EN'tOve Date PHCIIN4M1Ph Chinue Effective Date Peir,&KVJh Change I -01" G.,7 12.2 72 J)cplli,;O Nc,y r I,. r 1 ).,7K!, 0 CO r D .,01 2012 0 "'D 0,52PC' 3 0 C 0`1 5 F,0 01 ."01. 5 0 C', nc,i 01 .20 1 'C Vawiul Irf if(',1 P SrC)OCI','� Al"A U17. 1 2,)iJ 2p1, 0 C 1 h,,Pa 0 rift !"04 .Inms{21 2P 3U6,31e7a D', 10 10 General Service I Primary Non Demand General SeMce I Primary Demand Effective Bake Prirr.-ikWh Chanee Effeclove DAe Pnc,1KVVh Change C.I -Cj '� .r MCCH11 Cl,=, 01 2r12 S, rr h Jar C 0 12 F 0'.)F,,04,21:1 C I X)i m Fj�, 'illt e, ' C 21,A) :,191:,,O W) "QLr f 0, [,)0;,CA3w '103" ij I V) 1 dxi j C 20 i ("I r)"-, VL"0, 0� ,O V,,j'.) :513 C `Q1> 6 jo�"e,1 -,C 0! 01:31 ��O OU �8 0 1 5 S�C C,1 0, 5 Irrigation Non Demand Irrigation Demand Effective,Date PHcVkWh Change Elfective Daie PhcelKVJlh chorlqe 1- Si:'),747"', 0 Cr x�O I �-, -10 1 1 C,7 (O(-,,')i 7 Nr)vu I N, ;^Y1 f2 I 2"W jD„i,rf0(I X1,7 30 .:0 1 ""w ir�,.,1:0131', C, 20 1 11 OCU" I M: )r) 2C C, 0 C tt C6 I U i,Q I C C..034, "Aw; J 1 Z)1 C e,'fi 3, (J(7 0 urr:0 20)13 17 :6 3 0 1'i I 7�a 4 6,r,G 0 2C S C',1 1 Z"I MO ..r1,1'nw� CP 0 1,:, 6 17 P�:" S 0 r,8 F.L�C P f L 1 2 GS-2 so"tition GS•2 Transrnisijon Effective Date Pricelk'Wh Chailge, EifectivL Dale Prim Mh Change C, Q r--.r S,O HOLD l B OL.toir:. r 0 1 -C 1' ':77_ iu n Q 01"'M 213 G"0042b No,u b, 0 20 0,X, :60 C ;WTI C 1.) .) 1.1 1- 0!9,763 G-0 O""DJ UQ 10i :'G 1 IJ 0,,C 1,I U ,Q 0!;', 01 110 I u1 "',H, n()CoU,'46 i F3 0 Cr 0:.-,0,:0) V n 0 ,.01?, SrO ,c.. ±1), 60J 1216 JI.,r',0 r 01'3 0 J�,�Y M 'l ,63112 1,4 Cj .11.V 0 2 U C,111 i ",m i U' 2U 13 m 01 2"313 0 9 S, 0'1 , , O 21-1. 0 0( CPON N'�M W Ur'A!31)Pill',,10 J 111"YkoW http://custom.northwesternenergy.com/forms/elecmonthly.asp 9/6/2013 USA Energy Inflation Forecast Page I of 6 Forecasts, cfiart.�and anaMis... PON FO.RE, CASTC,H A RTI,(WOT4111 Interest Rate Foreratit 'Nlock Market Folecasl Roll F.Slale Forecast ENcl Rabe Iurvcast Errol Forecast USA Energy Inflation Forecast LISA Energy Inflation Rate Forecast Target Month Forecast d–D r—FA Forecast for the USA Energy Inflation Rate for the year August 2014 1571% 12.80% ending in the target month indicated based on the Consumer Price index for All Urban Consumers Updated Monday,August 26,2013 Energy,not seasonally adjusted Inflation Rate for All Urban Consumers:Energy-5 Year History 30% 20% 10% 0% -10% -20% 1/08 1"09 112010 1/2011 112012 1/2013 112014 1115-30% Annual US Inflation Rate for Energy is plotted Monthly in gray(Consumer Price Index for All Urban Consumers Energy) The forecast for the target month is shown in green Other links related to this economic indicator are below Inflation Rate Forecast:Enargy 10 Year Chart-CPI Eiri US Inflation Rate Forecast S3 Year Graph-Consumer Price Index-Ene—, Inflation:Food,Enerov.Housinn.Medical etc. Current Analysis&Forecast;US Energy Inflation Rate Commentary 6092 a ENERGY INFLATION RATE July,2013 Data The forecast for the US Energy Inflation Rate is in the table at the top of this page.(Forecast-Chart.com is forecasting that Energy Inflation Rates will be roughly 15.71%over the next year.The table shows a HDTFA of 12 80%which suggests that the inflation rate for energy prices in the US for the 12 months ending August,2014 could easily fall between 28.51%and 2-91%.Links to Forecasts for many other economic indicators may be found at the top of this page.The energy price index used in this article is the Consumer Price Index for All Urban Consumers:Energy,hereinafter referred as the energy price index. Annual US Energy Inflation Rate Last Month -2.6% Last Year.......... .........4.7% Last 5 Years 2,4% Last 10 Years....... 7.2% Last 20 Years 4,9% Annual Energy Inflation Rate:Highs&Lows High(Last 12 Months) 4.7% (July,2013) Low(Last 12 Months) -8 9% (August,2012) High(Since January,1958) 471% {April,1980) Low(Since January,1958) -28-1% (August,2009) The annual Energy Inflation Rate for the 12 months ended in July,2013 was 4.75%.Thais 1.57%percent higher than the 12 months ended in June,2013 which inflated at a rate of 3,18%.It is 10.34%percent higher than the 12 months ended in July,2012 which inflated at a rate of-5-59%. The rise in inflation rates from June to July indicates that the short term inflation trend in energy prices has been up.If that trend continues,we should see an inflation rate for the 12 months ended in August,2013 that is close to 6r32%r The USA Energy Inflation Rate one year ago was-5.59% Over the last year, http://forecast-chart.com/inflation-usa-energy.htm1 9/6/2013 USA Energy Inflation Forecast Page 2 of 6 InTlation in the energy price inaex was 4 ib-/o i ne average raTe over ine iasT iu years was 7 20%. Lower inflation over the last 12 months compared to the average inflation over the iast 10 years serves as an indicator that the long term trend In the Energy Inflation Rate Is down,Inflation expectations should be adjusted accordingly. Forecast-Clhart com's historical research covers Energy Inflation Rate data back to January,1958 The average annual inflation rate in energy prices during that period of history was 4,92%.The highest rate was 47.13%.The lowest rate was-28.09%. The high was attained in the 12 months ended in April of 1980.The low was achieved in the 12 months ended in August of 2009 Recent rates experienced in the 12 months ended in July of 2013 are similar to the historical 4,92%average. This page provides a five year chart and a forecast for the US Energy Inflation Rate For links to longer term charts,look at the links under the five year chart (above) One link opens a ten year chart Another opens our longest term graph on the Energy Inflation Rate.Just one glance at Forecast-Chart,corn's long term charts can provide tremendous insight into the historical trends of the financial markets. The US Governiment's inflation economics policy attempts to control inflation. High inflation and negative inflation(deflation)can have damaging effects an the economy Commentary 6092 a ENERGY INFLATION RATE June,2013 Data: The forecast for the US Energy Inflation Rate is in the table at the top of this page Forecast-Chart.com is forecasting that Energy Inflation Rates will be roughly 15.48%over the next year.The table shows a HDTFA of 12.87%which suggests that the inflation rate for energy prices in the US for the 12 months ending July,2014 could easny fall between 28.34%and 2.61%.Links to Forecasts for many other economic indicators may be found at the top of this page.The energy price index used in this article is the Consumer Price Index for All Urban Consumers:Energy,hereinafter referred as the energy price index. Annual US Energy Inflation Rate Last Month 19.9% Last Year........... 3.2% Last 5 Years 2.7% Last 10 Years ........... .. 7.2% Last 20 Years 4,9% http://forecast-chart.com/inflation-usa-energy.htm] 9/6/2013 Exhibit C TENANT ACKNOWLEDGEMENT \4 ` |. 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