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HomeMy WebLinkAboutItem 6.2 Garb&RecylSvsRateAdjust '. e . , CITY OF DUBLIN AGENDA STATEMENT CITY COUNCIL MEETING DATE: February 13, 1995 SUBJECT: Public Hearing: 1995 Garbage CollectionlDisposall And Recycling Services Rate Adjustment , ~ (prepared by: Paul S. Rankin, Assistant Citr Manager) EXHIBITS ATTACHED: 1. Staff Report From January 23, 1995 Meeting (Item 8.3) Preliminary Report On Garbage Rate Increase 2. 1993 Agreement For Provisional Charges Related To Closure Post Closure Expenses At The Altamont Landfill 3. Resolution Extending The Term Of A Provisional Agreement Related To Closure Post Closure Expenses At The Altamont Landfill 4. Historical Comparison Of Dublin GarbagelRecycling Service Rates 5. Tri- Valley Commercial I Drop Box Service Rate Comparison 6. Tri- Valley Residential Service Rate Comparison 7. Resolution Amending The Schedule of Service Rates Allowed To Be Collected Under the Solid Waste Franchise Agreement '. RECOMMENDATI~. 2. 3. Open the Public Hearing and receive the Staff Report and any public comments. Close the Public Hearing and deliberate. Adopt the Resolutions. FINANCIAL STATEMENT: The proposed adjustments vary depending on the type and frequency of service. Due to the delay in adopting the rate change after January 1, 1995, a surcharge is proposed for the remainder of 1995. This is estimated to allow the Company the ability by December 31, 1995, to receive total revenues in accordance with the Joint Refuse Rate Review Committee Recommendation. DESCRIPTION: At the January 23, 1995 City Council Meeting the City Council received a report outlining the recommendation of the Alameda County Joint Refuse Rate Review Committee (JRRRC).(EXHIBIT 1) The report identified that the current revenue structure is projected to provide inadequate revenue in 1995. This is based upon a review of a request by the Company for a rate adjustment. The JRRRC recommendation did reduce the total amount requested by the Company. Approximately 60% of the need for increased revenue was attributable to the Company request to modify the method used to calculate their return on investment. The JRRRC Report recommended that Dublin adjust rates to generate an additional $417,800 in 1995. ALLOCATION OF REVENUE :QEFICIENCY BY LINE OF BUSINESS In response to the Company request for additional revenue, it is necessary for the City to determine the adjustments required to produce an additional $417,800 in revenue in 1995. As contained in Exhibit 1 the JRRRC has calculated the total City of Dublin 1995 revenue deficiency at $417,800. This represents a 17.4% increase in Company revenues for the City of Dublin operations. The percentage impact on individual rates will fluctuate as discussed later in this report. The proposed allocation is based upon historical data and the actual results may differ due to changes in service or frequency. For example, if a large number of customers currently subscribing to two can service were to change to one can service the ---------------------------------------------------------------------- ITEMNO.AL- J COPIES TO: Dan Borges, General Manager LDD J Mary Evans, Controller Waste Mgt Alameda CO CITY CLERK FilE ~ e . amount of projected revenue will be reduced. These fluctuations are most common in the Commercial and Drop Box lines of business. A large percentage of the revenue deficiency (49%) is related to Landfill Operations. Staff has recommended allocating this portion of the total increase on the basis of tonnage. The composition of the 1994 Tonnage was as follows: CITY OF DUBLIN 1994 Tonnage By Line Of Business / Activity Residential 5,543 Tons 23.1 % Special Clean-Ups 1,618 Tons 6.7% Commercial 9,366 Tons 39.0% Drop Box 7,505 Tons 31.2% TOTAL 24,032 Tons 100% These percentages were used to allocate a total of $205,400 of the revenue deficiency associated with additional Landfill Profits and Landfill expenses. This includes surcharges by other regulatory agencies such as the Alameda County Business License assessed by Alameda County on the Landfill operator. The second factor used to allocate the revenue deficiency was an estimate of the operating cost by line of business. For example, Residential services including the Special Clean-ups account for approximately 38.9% of the Company Operating Expenses (excluding landfill costs). This methodology was used to allocate the remaining $212,400 of the Revenue Deficiency. The following Chart identifies target for new revenues in 1995, to be generated by each line of business plus the Residential Special Clean-up activity. ... Commercial Drop Box Residential Clean-Ups TOTAL Landfill $ 80,106 $ 64,085 $ 47,447 $ 13,762 $205,400 Other Expenses 77p314 52,462 76p262 6,362 212p400 TOTAL $157,420 $116,547 $123,709 $ 20,124 $417,800 Based upon 1994 subscription levels Staff has calculated the rate adjustments required to approximate these revenue targets. RETROACTIVE SURCHARGES The JRRRC identified a revenue deficiency expected to occur if the City did not alter its rates from those established in 1994. Any delay with the implementation of adjusted rates results in fewer months in which the Company can achieve its targeted revenue requirement. The City pays the Company for the "Basic Residential Garbage Service", which includes the first can of service at single family residences. The bill for services from January through June is not due until May. Therefore, the City will have an opportunity to pay the full proportionate share of the increase for Basic Service for the entire 12 months of 1995. A retroactive surcharge will not be required for this class of service. For other services the Company bills the customer directly. In the case of additional cans for residential customers, the bill covering JanuarylFebruary/& March has already been issued. Commercial and Drop Box Customers are billed in arrears. In the event that the new rate schedule for these services were made effective February 1, 1995, the Company will have 11 months of billing remaining in 1995 to generate the targeted revenue. . In order to address this situation Staff has structured the 1995 Rate Resolution(EXHIBIT 7) to contain two columns for all service categories except the Basic Residential Services. One column is the Base Rate which will be charged. The second column is a retroactive surcharge which is added to the Base Rate. The surcharge column will not be applicable after December 31, 1995. The following summarizes the surcharges applied by service type. e e 1995 Surcharge Factors To Reflect Implementation Of Rate Increase After January 1, 1995 Basic Residential Residential Additional Cans Commercial Drop Box New Rate Effective January 1, 1995 April 1, 1995 February 1, 1995 February 1, 1995 Surcharge Rate Applicable From New Rate Effective Date To December 31, 1995 None $ 0.43 per month per can $ 0.50 per cubic yard / per month $ 0.14 per cubic yard The surcharge is necessary in order to have a rate structure which will generate the targeted revenues by December 31,1995. RESIDENTIAL RATE COMPONENTS The components which make up the residential rates paid to the Company fall into three categories: 1) Residential Recycling; 2) Special Clean-Ups; and 3) Garbage Collection and Disposal. The rates are structured with the intent of spreading the costs for Recycling and Special Clean-ups evenly over the customer base. The philosophy has been that each household has the opportunity to use these services and/or benefits from having them available. The Garbage CollectionlDisposal has been priced on a uniform basis, with each incremental can costing the same amount. In 1994, approximately 56% of Residential Customers subscribed to one can service and 41% had two can service. The following displays the proposed adjustment in the individual components of the allowed residential rates. 1 Can CollectionlDisposal 4 Special Clean-ups Curbside Recycling Total Monthly Basic 1994 Rate $ 5.95 1.31 -LJ1 $ 8.63 Proposed 1995 Base Amount $ 7.25 1.62 U!L $10.27 Retroactive Surcharge None None None TOTAL 1995 RATE $ 7.25 1.62 ...l...4(l $10.27 " Cost Of Each Additional Can $ 5.95 $ 7.25 $ 0.43 $ 7.68 For the residential customers with one can service this is approximately a 19.0% increase. The increase in rates charged for two can service is approximately 23.1 %. COMMERCIAL RATES The Commercial Bin Service Rates are comprised of two components. One is a cubic yard rate which reflects the size of the container. The second factor is a frequency charge for each pick-up beyond once per week. Consistent with previous rate adjustments the Frequency factor was set at 25% of the cubic yard rate or $7.25 per additional pick-up per month. This component encourages customers to select the most cost effective level of service. For example, a business having a 2 yard dumpster serviced twice each week pays $7.25 per month more than a business having a 4 yard bin only serviced once each week. In 1994, the monthly cubic yard rate was $25.40 plus a frequency factor of $6.45. The proposed 1995 Base Monthly Rate is $28.95 plus a Frequency Factor of $7.25. In addition, a Retroactive Surcharge of $0.50 per yard is applicable for services billed through December 1995. This brings the base monthly cubic yard rate to $29.45 per month. The proposed 1995 rate including the surcharge represents approximately a 15.9% increase over the 1994 rate. DROP BOX RATES The adjustment to Drop Box Rates was based upon the service levels subscribed to in 1994. In addition to periodic debris box rentals, this category also serves some businesses and apartment complexes which maintain compactors. The cost of the service must be spread over a very small base due to the fact that most of these types of bins are only serviced when they are full. This results in more tonnage per cubic yard than a regular commercial bin. The servicing of Drop Box accounts also involves different methods. Commercial accounts are collected by a front end loader. The truck can service many accounts according to an established schedule prior to . e traveling to the landfill. The servicing of Drop Box accounts requires the truck to transport a single bin to the landfill and then return the container to the customer. The 1994 Drop Box Rate was based upon a rate of $8.05 per yard for loose debris and $ 16.10 for compacted material. The proposed 1995 Base Rate is $9.75 per cubic yard plus a Retroactive Surcharge of $0.14 per yard for billings through December 1995. The 1995 rate including the surcharge represents a 22.9% increase over the 1994 rate. COMMERCIAL CAN SERVICE A limited number of businesses receive service on an individual can basis. Thc proposed incrcase is based upon the same amount that residential customers experienced for the garbage collection and disposal component($1.30 per month). These accounts are allowed to utilize cans of different sizes and the increase was allocated based upon container size and rounded up to the nearest 5 cents. 32 Gallon 40 Gallon 45 Gallon 48 Gallon 1994 Rate $ 7.45 9.35 10.50 10.70 Proposed 1995 Rate $ 8.75 10.80 12.15 13.00 HANDY HAULER SERVICE The proposed adjustment to the Handy Hauler Service is based upon cost changes to the Drop Box ... Service rates. This has been a popular service and it allows for the one week rental and disposal of a 4 cubic yard bin. This eliminates the need of the homeowner to haul the waste and it is typically used for small clean-up projects. The following is a comparison of the proposed rate: 4 Yard Disposal Bin Placement TOTAL 1 Wk Rental 1994 $ 32.20 12.80 $45.00 1995 Base $39.00 13.50 $52.50 The 1995 rate represents a 16.7% increase over the 1994 rate. ALTAMONT CLOSURE POST CLOSURE AGREEMENT As discussed in Exhibit 1, the City has an undefmed potential financial liability for costs incurred with the closure of the Altamont Landfill. As part of the 1993 rate adjustment the Company executed an agreement obligating them to negotiate with the City or its representative a Franchise Agreement modification (EXHIBIT 2). The process was undertaken with representatives of the JRRRC in an attempt to produce a Master Agreement, which could be considered by each of the respective agencies. Beginning in 1993, the Company allocated $1.66 per ton to a special escrow account. This was an estimate of the funds required to pay for costs related to tonnage placed prior to 1993 as well as additional deposits made to the landfill. The negotiations were to include: discussion of the scope of improvements; liabilities for changes in cost; methods to assure that the monies would be protected; responsibility for historic tonnage; and defining the obligation of each agency. Despite an extension to March 1994 these efforts have not been concluded. The Company has recently expended significant resources in terms of commissioning special studies related to attempts to support their requests made in the rate application. Staff has received a verbal comment from Company officials that they intend to resume negotiations in the near future. Staff has drafted an amendment allowing the current provisions to remain in place through the City's current franchise term.(SEE EXHIBIT 3) The Company will be retaining funds in an escrow account until a franchise amendment is presented and approved by all parties. Staff would recommend that the Company be advised that the City Council encourages the Company to immediately pursue final discussions related to this issue prior to the date allowed by this extension. Staff has suggested in the past that this obligation would be an appropriate use for any excess funds in the City Balancing account. Without a readily available source of funding to reduce the Closure Post e . Closure obligation future rate payers will bear the burden of financing these costs. Staff believes that to the extent that this can be avoided, benefits will accrue to both residents and commercial businesses. Without this source of funds future rates will need to be es~alated to cover both the obligation itself and the interest charges incurred by making the payments over time. The potential to utilize the Balancing Account will allow the City to continue to maintain competitive rates in the future. RATE COMPARISONS At the City Council Meeting of January 23, 1995, Staff was requested to prepare historical rate comparisons for the City of Dublin. EXHIBIT 4 displays a historical comparison of City of Dublin rates for the most common levels of service. In general it is noted that Residential Rates have been escalating more rapidly than Commercial rates. The approach to rates in recent years has attempted to allocate costs where possible to the services generating the service cost. In the case of the Drop Box category rates have also escalated to address the equitable allocation of rate increases. An attempt has been made to recognize that the service should be priced relative to more efficient services offered. For example, the cost to service a Commercial Bin is less than servicing a Drop Box. Overall, the cost increases experienced by the City of Dublin are not unusual compared to other agencies. The cost of landfill construction and regulatory costs have been impacting rates considerably over the past 5 years. This is especially the case if you consider the fact that the City has provided the Company with adequate revenue each year. Some agencies have had deficits and now they are attempting to catch up for artificially low rates in prior years. The JRRRC report projected that as of December 31,19945 '. of the 9 agencies remaining in the JRRRC have deficits in their Balancing Account and the Company is owed over $12.375 million. The City of Dublin has a positive balance as the City Council policy in prior years has been to establish rates at a level adequate to meet allowed operating costs. A comparison of Tri-Valley Commercial! Drop Box Rates is included in EXHIBIT 5. The commercial rates are very competitive compared to surrounding agencies. This is the case even when the 1995 Retroactive Surcharge is included. In the comparison of Drop Box Rates between the cities of Dublin, Livermore, Pleasanton and San Ramon, only the City of Livermore has a lower rates than the proposed Dublin rate. One factor which may influence the cost is the proximity to the landf1ll. For Dublin customers a longer hauling distance is required to service the container than the City of Livermore. The proposed Dublin rate structure remains very competitive if compared to the survey average. For example, the City of Dublin rate for a 20 yard Drop Box would be over 37% less than the average rate charged by the three agencies in the survey ($197.80 vs. $316.30 respectively). The direct comparison of Residential Rates becomes more complex due to the differing pricing and service levels. EXHIBIT 6 shows a comparison of both one and two can customers in the adjoining cities. On a strictly cost basis the City of Dublin has rates which are less than the average of the other three cities. The City of Dublin has higher rates than surrounding cities when, you factor in the capacity provided and compare this to the total rate charged. This analysis has not factored in the capacity obtained from Special Clean-ups or the curbside Recycling program. The difference is also impacted significantly by those agencies offering Green Waste Services and Automated Collection. In some cases the agency has not structured rates to acknowledge the difference in capacity which is being provided. For example, the City of Pleasanton charges the customer the same rate whether they select a garbage container with a 60 gallon capacity or a 90 gallon capacity. The City of Dublin rate structure is designed to recognize that there is an additional cost in providing larger capacities. RECOMMENDATION It is recommended that the City Council conduct a public hearing on the proposed adjustments which will respond to the Company request for increased revenue as modified by the recommendations of the Joint Refuse Rate Review Committee. After receiving the Staff Report and public testimony it is recommended that the City Council adopt the resolution adjusting service rates (EXHIBIT 7) and adopt the resolution modifying the agreement for Closure Post Closure Expenses (EXHIBIT 3). CITY OF DUBLIN AGENDA STATEMENT CITY COUNCIL MEETING DATE: January 23,1995 SUBJECT: PRELIMINARY REPORT ON GARBAGE RATE INCREASE ()~ 0 ~ REQUESTED BY WASTE MANAGEMENT OF ALAMEDA COUNTY ~ (prepared by: Paul S. Rankin, Assistant City Manager) EXllIlJITS ATTACllEU: 1. Selected Pllges From Joint Refuse Rate Review Committee (JlU{RC) of Alameda County ~ }"inal Recommendations dated December 7, 1994 2. Summary of 1995 Projectcd Revenue Deficiency By Line Item 3. Executive SUlllmaries of Report Prepared By Consultants Representing Wllste Management of Alameda County Regarding Operating Ratio Recommendations 4. Letter datcd December 5,1994 requcsting adjustmcnt to the Curbsidc Recycling Program Rates. RECOMMENUAT7jjtlON: Receive Staff Report and direct Staff to prepare documents necessary for II Public Hearing on February 13, 1995, to eonsider adjustments to the Solid . Waste Collection Rate Schedules. FINANCIAL STATEMENT: Impact on rates will vary dcpending on the type of servicc (i.e. residential, conunercilll, drop box) and the size of containcr and frequency of service. The JRRRC recomlllcndation is based upon an indepcndent Consultant review. The recommcndation is to is to provide an additional revenuc totaling $417,800 in 1995. This is projccted to increase total revenues collected frolll Uublin rlltepllyers f."OIIl $2,336,200 in 1994 to $2,754,100 in 1995. A 17.9'Yo incrcase in total revellues. DESCRIPTION: At the City Council mceting of October 10, 1994 the City formally refcrred the t 995 Rate Adjustmcnt request from Waste Management of Alameda County (WMAC) to the Joint Refuse Rate Review Committee (JIUU{C). This Committee has Staff representatives from scveral Alnmeda County Agencies serviced by WMAC. The agencies jointly retain a Consultant to review the rate application and to develop recommendations. The 1995 Rnte Application reprcsents the first review conducted for the JRRRC by Dcloitte Touche Tohmatsu International (D&T). The Executive Summary and Recolllmendation scctions of the rcport are nttached as EXHIBIT 1. The process used by WMAC in presenting rate requests is to project 1994 revenuc and expenses and then project expensc requirements for the following two years. Given that the City of Dublin Agreement with WMAC expires in March of 1996 this report focuses on the 1995 results. A two year rate adjustment is not recommended at this time. The Rcport identifies the projected Revenue Deficiency bascd upon the reconlll\ended allowable costs for 1995. The Garbage Company currently opcrates in the City of Dublin pursuant to a franchise agreement adopted in 1986. In the Franchise Agreement Section 3.1 "Service Rates" states: " ...The Collection rutes shall be no less than the Company's fully allocated costs of providing the eollection and disposal services and facilities required by this agreement, plus a reasonable return (In investment." Therefore, the JRRRC review considers the allocation and appropriateness of allocated costs as well as a recomlllendation on the appropriate return on investment (profit). The City Council must approve all rate adjustments. AMOUNT OF AllmTIONAL IH<:VENIJE REOUIREll IN 1995 ~ "Revenue Deficiency" The projected 1994 Revenue was estimated to be $2,336,200. The initial Company Rate Application relll1ested nn additional $441,3t10 in annual revenue from Dublin operations above the estimated EXHIBIT .1 revenucs for 1994. Due to landfill taxes imposcd by Alameda County after the submittal of the Company Rate Applieation, this rcvenue deficit was increased by the Company to $458,600. llnsed uJlon thc review by the Consultants (D&T) and the JRRRC recommendation for allowed profit, the lllllount of increased revenues requested by the Company were reduced. The report calculated that the City of Dublin ratepayers would need to generate an lldditional $417,800 in revenue in 1995. This amount is referred to llS the Revenue Deficiency. This remains It considernble increase llS it reprcsents II 17.9'1., increllse in total company revenues from the City of Dublin operations. It should be stated that the percentage increase in revenue required is going to vary among the agencies serviced by WMAC. Factors contributing to these diffcrences include: . Some agencies hnd revenue bases which in the past did not generate their fully allocated costs. These agencies owe the company for their past deficits. . The size of the operation will impact the percentage of additional revenue required. For example the estimatcd 1995 Revenue Requiremcnt for the City of Oakland are projected to be $53,104,500, while the estimated Revenue Hequirement for the City of Dublin are projected to only be $2,754,100. . Some jurisdictions are serviced through the Davis Street Transfer Station, while the City of Dublin is a direct haul to the Altamont Landfill. Exhibit 2 summarizes the total $417,80tl Revenue Deficiency by line item. A more detailed explanlltion of the most significant factors is presented in the following section. The explanation focuses on those areas which account for more than 5% of the Revenue Deficiency. In some eases the minor increases not discussed are offset by savings on other line items. KI~Y FACTORS AFFECTING WMAC REQUEST FOR INCREASED REVENUES ClulIlue In Profit Cnlculation Mcthodolol:Y Approximately 60% of the increased revenue is attributable to a change in the methodology used to calculate the Company's retul'll on investment (profit). In the past several years the Company has expressed at JIUU{C meetings thnt they did not believe that the Committee was utilizing the correct methodology to account for the Company profit. The Company made a major effort to present additionlll information to the Committee with their 1995 Rate Application. The Company presented rcports prelJllI"ed by Arthur Anderson nnd the consulting firm of Barakat & Chamberlin in order to provide a hllsis for further discussions over thc mcthodology used.(EXHIBlT 3) In 1994, the JRRRC implemented II methodology which provided the Company with profit based upon a rntio of prewtax operating expenses (i.e. if a ratio of 90% were used and the company had pre~tax expenses of $1t1t1million, the allowed profit would equal $10 million). The allowed rntio included in the 1994 rates was adopted by the City Council at 93.25%. This was estimated by the Consultants to be equivalent to a 4.3% after tax profit. In the 1995 Rate Application, the Company requested that the profit levels granted for its Landfill operations be treated differently than profit levels granted for the Collection operations. Among the reasons cited by the Company were the following: Landfill Operations require significant capitalasscts, wherells Collection relies lllore intensely on labor; the two types of operations have different risk factors for the (lperatorj and the Company has made significant capital expansions to operate the Altamont Landfill. The Executive SUlIlmary of their presentation is attached as EXHIBIT 3. COml)llllywide Landfill Profit Calculntion As shown on pages 16~18 of the JRRRC Report (EXHllllT 1) the Company requested profit calculatcd lit an operating ratio of 71.5%. The Company proposed that regulatory fee as well, as interest would be treated as pass through cost. The JIU{RC Recommendation is to apply the "Weighted Average Cost of Capital" to the landfill asset base. The end result of this process was to reduce the total Landfillllrofit requested COlllpanywide by approximately $1.5 million. The revised methodology was derived by the Consultants to address the Company's concel'll that the iutensive eapital investment required to operate n laudfill was not recognized. A major change of the revised methodology reconllnended by the JRlU{C, is that interest cxpense for the landfill is not allowed as a scparate line item. The Company's Landfill Profit is calcullltcd to be adequate to offset this expense. Conlllanywidc Calculation of Collcction I)rofit The Company requested that the Collection Profit be based upon a 86.7% pre-tax and pre-interest operating ratio. Bascd upon the Consultant's review of other jurisdictions the JRRRC recommcnded that the Operating Ratio be established at 89% for collection operations. This resulted in a reduction to the Complmywide collection rcvenue of $1.1 million for 1995. Financial Impact of Reviscd Profit Methodology on Huhlin Revenue UeQuircment As mentioned earlier the change in Ilrofit calculation methodology aceounts for the majority of the increased revenue requested by the Company. The following summarizes the differences bctween what the Company requested in their original application with the recommendation made by D&T and the JlUmc. CITY OF DUBLIN AS SUBMITTED BY WMAC D&T REPORT RECOMMENDATION PROJECTED REVENUE DEFICIENCY $ 441,300 $ 417,800 DlSl)OSAL I)ROFlT DlSI)OSAL INTEREST EXPENSE NET DlSl)OSAL $ 135,700 $ 60,300 $ 196,000 $ 205,100 ($ 39.600) $ 165,5t10 COLLECTION PROFIT $ 1115.900 $ 87.100 GRAND TOTAL Interest/l)rofit $ 301,900 $252,600 The Committee recommendation reduces the Company's profit request by 19.5%. It is Staffs understanding that several of the JIU{RC membcr agcncies have accepted the D&T methodology in the clllculntion of their 1995 rates. Collection Labor Costs Labor costs ineluding salaries and benefits account for approximately 12.7% of the identified Revenue deficiency. This is projected to add an additional $53,200 in operational costs for 1995. WMAC Staff have indicntcd that the Company projections include 3% wage growth and approximately 10% increase in health, welfare and pension obligations. The actual change in labor related expenses from I)rojected 1994 to Estimated 1995 is approximately 6.6%. (1994 ~$806,600 vs. 1995-$859,800) Disposnl Costs The cost of disposal exclusive of profit is determined to account for approximately $39,900 of the total revenue deficiency. Among the elements affecting this line item were surcharges levied by Alameda County. The County imposed a $0.075 per ton fee for the conditional use permit associated with the landfill. In addition, the County imposed a $0.95 per ton business license tax. These types of increases are considered pass through costs and are not directly controllable by the Company. The Company has also experienced iilcreases in the cost calculated to cover Closure/l}ost Closure expenses. The 1995 expense estimate assumes that the amount required will increase from $1.66 per ton to $2.68 pcr ton. In the event that the Company is successful in achieving additional import of wastes from other jurisdictions the cost associated with landfill operations may decrease in the future. Projected Impact of Changes In Service Levels Revenues from operations are being negativcly impacted in 1994 by chnngcs in service levels. Thc Consultant Report refers to this as "Serviee Migration." The Company eontinues to incur its fixed eosts despite the incremental loss of revenue caused by customers selecting smaller containers and/or service on a less frequent basis. The Company projects that this accounts for $36,300 of the total Revenue Deficieney for the Dublin operations. UNRESOLVED CLOSURE POST CLOSURE (CPC) COSTS In 1992, the JRRRC undertook an in depth Study of requests by the Company to be reimbursed for Closure and Post Closure Costs associated with the Altamont Landfill. In aecordance with several legislative ncts the Company is required to elose the landfill according to very specific plnns. These are intended to assure that environmental eompliance is met and it has added significantly to the lllndfill costs. For example, the Company has constructed the equivlllent of a water trentmcnt ph'"t which Clm eventually proccss up to 75,000 gallons per day. This is necessury to I{eep liquids from leuching into the groundwnter. The post closure nspect refers to thc (lbligation the Company hus to monitor lInd mllintain the landfill for 30 yeurs after its closure. Although the site closure is several yellrs away the Compuny must have in place u financial plan to recover these costs. The outcome of the 1992 study was an interim agreement between the City and the C(lmpllny. Because the discussions involve costs associated with waste placed at the landfill between 1980 and 1992 there are numerous legal and policy issues which must be addressed. The Agreement assumed thnt the Company and the JRRRC would negotiate a Master Agreement which could be considered by the City Council. In conjunction with the 1994 rate application an extension of the Agreement was granted to March of 1994. At this time the issues eontinue to be unresolved and it appears that an additional extension will he required. BALANCING ACCOUNT In the past the Company has performed its operations with a "Balancing Account." The concept was a means to eontrol any differences from the projections. If expenses were higher than anticipated the ratepayers would owe an additional amount to the Company. If the opposite has occurred and revenues exceed cd expenses, the excess monies are held in the Balancing Account for the benefit of the ratepayers. In the case of the City of Dublin, the City Council has sought in prior years to establish rates at a level which would allow the Company to recover its expenses. The City's shure of the Bal:mcing Accouut is estimnted to total $267,Otltl. This represents funds eontributed by Dublin ratepayers in excess of the allowed cost of services. Due to the fllct that u potential liability exists for historicul CPC costs, Stuff has becn cllutious in recommending the llpplicution of the Balllncing Account to offset current operations. The llpplication of the Balancing Account as a subsidy for current operations would also increase revenue re1luirements in future years. Given the sigllifieant amount of the 1995 revenue deficiency, ShIff will be rcviewing the options available and present them as part of the I'ublic Hearing on the Rate Adjustment. RECYCLING RATE AD.JUSTMENT The City currently receives all reeycling services under separate agreements. These agreements allow the Company to request llnnual adjustments based upon the change in the Consumer Price Index(CPI). The current cost of the Single Family Recycling Program is $1.37 per household per month. Under the tel'ms of the Agreement this would increase to $1.40 per household per month due to the annual change in the CPI. This request is contained in EXHIBIT 4. The source of funding for the current Residentilll Reeycling Progrum comes from two sources llS shown below: 1994 Curbside Recyeling Serviee Inerement Paid As Part of Basic Garbage Serviee On Property Tax $ 0.85 City Measure I> Subsidy Jl.Sl TOTAL MONTHLY CHARGE $1.37 Based upon the adopted 1994/95 Budget the City would be able to pay the entire 1995 rate adjustment with Measure D funds. These funds are collected by the Alameda County Recyeling Board and they must he used for Recycling related services and progrums. Since the curbside recycling prognnll is pllid for directly by the City this approach will not impact the amounts paid directly by the customer. RECOMMI~NDA nON Staff recommends that the City Council receive this report and direct Staff to prcpnre the necessllry documents to consider a rate adjustment at a Public Hearing seheduled for February 13, 1995. Staffwill nced to prepare schedules allocating the Projected t 995 Revenue Deficieney llmong the various chlsscs of service (Residential, Commercial, and Drop Box). , . . ------...-----..... Deloitte & Touche llP ~ Deloitte Touche Tohmatsu International The Joint Refuse Rate Review C0l111nittee (JRRRC) of Ala111eda County Final Recommendations December 7, 7994 SELECTED PAGES ONLY Ji:~ ~. printed on i1eO'Jded Pape, EXHIBIT 1 ~~~ Re.fort ,/,-'!>/,S ]RRRC of Alameda County . The Joint Refuse Rate Review C'mmittee ORRRC) of Alameda County Agenda I I. Executive Summary II. Background III. Objectives IV. Scope of Review V. Summary of Rate Application VI. Rate Recommendations by Deloitte & Touche LLP VII. Proposed Profit Methodology VIII. Balancing Account IX. Rate Summary X. 1996 Rate Implementation Deloitte & Touche LLP ~~- ^ ~ .. .. ...--~ ~ ... -.. -- -. -.. -. - - - - -.. -.. -.. Exewtive Suml1lClry ~RRRC of Alameda County Deloitte &: Touche LLP was engaged by the Joint Refuse Rate Review Committee ORRRC) of Alameda County in July 199-1 to assist in the review of Waste "Management of Alameda County's (W1-fAC) 1995/1996 Rate Applications The principle objective of the review was to recommend rates for WMAC's collection and disposal operations that are fair and equitable to both member jurisdictions and WMAC. In support of these objectives we: ... Evaluated WMAC's profit request ... Evaluated WMAC's expense projection and capital requirements ... Analyzed revenue and service level projections ... Evaluated the allocation methodology and revenue requirements to insure they reflected the unique circumstances of each jurisdiction ... Verified Balancing Account projections ... Analyzed franchised and non.franchised expense allocation and operation activity Deloitte & Touche LLP o ~~ ~~.J): ~"' Executive Summary ]RRRC of Alameda County . . WMAC's 1995/1996 Rate Application contains several changes from previously submitted rate applications. The most significant changes were: ... Elimination of the Balandng Account and payback of current balances at 15.5% interest ... Incorporation of closure/post-closure costs (epe) ... Inclusion of a new methodology for the calculation of profit for landfill and collection operations ... Increase in the interest rate charged to member jurisdictions ... The inclusion of capital investments and corresponding revenues to support a MRF facility at Davis Street These changes have the effect of significantly increasing the total profit and interest returns to WMAC SF".~!!.pm Deloitte & Touche UP o ~ -. __-------_ _ n _ _----_ _ _ _ _ _ _ -.. -' - -- -.. Executive Sll1111naT}' ]RRRC of Alameda County Based on our review ofWMAC's 1995/1996 Rate Application we have made the following recommendations SF,..JH.rtll 1) Reduce landfill profit and interest request 20O,'b for 1995 and 10% for 1996 based on a return on capital methodology - Reduce collections profit and interest request by 19% for 1995 and 26% for 1996 based on a survey of Northern California jurisdictions Allow management and S&D fees as historically calculated by WMAC Elimination of costs and revenues for the proposed MRF Adjustment of the proposed vehicle fuel cost escalator to 3% No adjustment in operating ratio based on performance standards Payback of the current Balancing Account within three years at an interest rate of 5.76% in the first year, and 9.5% the remaining two years, unless longer terms are mutually agreed to by the Company and individual jurisdictions Allowance for increases in landfill fees levied throughout the County of Alameda 2) 3) 4) 5) 6) 7) 8) Deloitte & Touche UP o . - - - - - .. .. .. .. - ]RRRC of Alameda County . - ...... - ExeOltive Summary ..., -.. ... Based on our recommendations rate, increases for 1995 and 1996 are compared below: T"BLE 1 I 1995 Summary of Projected Rate Increases WMAC Request \I>lA.C Request wI Balancing AC"COl,int Rl'payrnent 19.2'll> Z3A% N/A 33.5% 4.1% 13.7'10 15.1)1(, "li/A :;fA 10.4% 4.4% 7.71)\, 14.3% (7.0%) 5.7% 9.9% (5.6%) 17.9% D&.T Recomm~n.diJliOn Alameda .~Ib'ny Emeryville Oakl.nd Piedmon[ C~5tro V.3l1ey Hay",.ard Oro Lorna Dublin 16.0% 9.0% 12.5% 17.5% (5.5%) 9.5% 11.9% (6.5%) 19.0% D&T Recomme:ndation wi Balancing Account Repayment 8.3% 11.4% (0.7%) 23.7% 1.6% 5.7% 11.0% (2U%) 6.5% 1996 Summary of Projected Rate Increases Alamed.3. Albany Emetyvllle Oakl.nd f'itdmont C.",o V,lIey H.;I.yward Oro Lorna Dublin WMAC Request 3.0% 3.5% 2.0% 3.5% 3.0% 4.5% 4.0%' 4.5% 2.5% W~l~C Request wi Balancing Accoun~ Repayment 2.~% 1.8% KIA 1.7% 1.9% 4.0% 3.6% 1'11'\ 1'11" 2.5% 2.1% l.S% 2.2% 1.8% 3.6% 3.3% 3.8% 2.4% D&:T Rfcommendation Note (l)~ Assumes Balandng Account paid back over 3 reats S"ote (2); Increases for jurIsdictions with positi....e Balancing AccounU ,",'~:~ not calculated by W~1.-\C Note (3): D&T rate in.crease calculation Is based on r~is.ed Balancing .-\C':ount projections SF't-4..)jl.prtJ DS::T Rccommend3rion wi Balancing Account Rep~yment 4.5% 2.0% 10.3% 2.0% 1.7% 3.6% 3.3% 30.5% 13.4% Deloitte & Touche UP ~ ..""\ . '.~. . jRRRC of Alameda County SP94.DS.pm . The Joint Refuse Rate Review Committee GRRRC) of Alameda County Agenda I. II. III. IV, Executive Summary Background Objecti\'Cs Scope of Review Summary of Hate Application Rate Recommendations by Deloitte &: Touche LLP V. VI. VII. VIII. IX. X, Proposed Profit Methodology Balancing Account Rate Summary 1996 Rate Implementation Deloitte & Touche UP ~ ..... ]RRRC of Alame.Ounty . Rate Recommendations Deloitte & Touche's draft recommendations include the adjustment of WMAC revenues and costs in the following areas: 1. Landfill Operating Ratio/Profit Request 2. Collection Operating Ratio/Profit Request 3. Interest Expense on Altamont Landfill Operations 4. Interest Expense on Collection Operations 5. Depreciation on proposed Material Recovery Facility (MRF) 6. proposed MRF Costs and Revenues 7. Vehicle Fuel Cost Escalator (1996) 8. Balancing Account 9. Health and Welfare Costs 10. Altamont Surcharges 11. Additional Allocations 12, Management Fees (no adjustment) 13. Performance Measures (no adjustment) l5 Deloitte & Touche UP o SF9<I.."S.l'm ]RRRC of Alameda County Rate Recommendations Recommended Adjustments 1. Landfill Operating Ratio/Profit Request W}vfAC Application: WMAC has requested a 71.5% O.R. for Altamont Landfill operating costs, State & Locally Mandated Landfill Fees and Interest would be treated as pass- through costs, WMAC based this request on: ... A comparison with Keller Canyon Landfill, assuming a similar risk profile, ... The elimination of the Balancing Account in future Rate Applications. ... The large capital investment at Altamont Landfill to meet Subtitle D regulations. ... WMAC believes that the previously allowed O,R. of 91.6% is not fair and equitable. 10 Deloitte & Touche LLP o SF 'jI~ ~~~ ~I'T\ /-- 1- r:-:- RRRC of Alam Recommended Adjustments D&T Recommendation: Rationale for Recommendations: SF '4,J'~.~1ft ]RRRC of Alameda County .--- 1.__. ~ r ;-:- r- r:-:- Rate Recommendations Apply the industry average Weighted Average Cost of Capital (WACC) (18.6% before tax) to the landfill's net asset base, ... Interest coverage is included in WACC return. ... CPC costs and State and Locally mandated fees are treated as pass-through expenses, Keller Canyon is a single operation and the unique circumstances around Keller Canyon do not allow direct comparison to the Altamont Landfill The risk profile at Altamont Landfill is substantially less than that at Keller Canyon Landfill, and therefore does not justify the same returns and risk premium: ... Operating ratio is inappropriate to regulate an asset intensive operation. Keller Canyon was not intended to be regulated on an overall operating ratio basis. ... No permitting risk today at Altamont for ]RRRC volume. ... Volume risk at Altamont is lower than Keller Canyon. _ Franchise life at Altamont extends 8 years versus 25 years at Keller Canyon - Only 1 to 2 year volume risk ... Profitability should be tied to Altamont's asset base, not Keller Canyon's. 17 Deloitte & Touche UP o Rate Reco/llmendations Recommended Adjustments (continued) ... Little or no quantitative or qualitati\'e evaluation of risk provided for the comparison to Altamont ... Information used in W1v[AC's evaluation of Keller Canyon was unregulated and unapproved by Keller regulators ... Arthur Andersen's evaluation is insufficient to determine the WACC appropriate to the Altamont landfill ... Our WACC approach is conceptually similar to the approach used to regulate Keller Canyon As a basis for return, industry average return is more appropriate than \N}.1X's The Company never responded to questions on risk analysis specific to WM.-\C's operations so we had no basis for an adjustment Rate Request Impact: 1995 - 1996 - $1.5 million (including interest effect) reduction in revenue $770,000 (including interest effect) reduction in revenue For further discussion of our analysis and methodology refer to tIle Landfill Profit Methodology ~F 9~ ~:~ ~'l1 18 Deloitte & Touche UP o ]RRRC of Alameda County RecommendajUstments 2. Collection Operating Ratio Profit Request Rate Recommendations . WMAC Application: WMAC has requested an pretax 88% O.R. for collection operations (pre- interest and tax O,R. of 86,7%). Interest expense franchise fees, disposal cost and surcharges would be treated as a pass through expense. WMAC based this request on: .... A comparison with other jurisdictions in Northern California. .... The elimination of the Balancing Account in future rate years. 19 Deloitte & Touche UP o SF'0311.pm ]RRRC of Alameda County Recommended Adjustments D&T Recommendation: Rate Recommendations Rationale for Recommendation: An 89% pre.interest, pre-tax O.R. for collection operations .... Interest tax expense would be paid by WNlAC from the profit allowance. Based on a survey of comparable Northern California jurisdictions (as well as industry practice and local considerations) an 89% pre-tax, pre-interest O.R. provides a fair and equitable profit for WNlAC TA8U,: 6 Jurisdiction Operallng Operating Ratlo EBT RalloElIlT - City of EI Cerrito 86.5% 86.1% I City of Rkhmond 87.6% 86.5% South Valley O&R 89.8% 88.0% Vac.i;lville 90.5% 90.5% City of San Franrnco Sunse' Scavenger 9 J.()% 90.4% City of Vallejo 94.()% 86.1% Pleasan' Hill 83.9% 83.8% San Pablo 87.4% 86.1% Gall 83A% 81.6% Lodi 87.8% 78.9% II Weighted Average 90.4% 88.8% I WMACRequest 88.0% 86.7% .... The ]RRRC should implement performance standards to reward cost reductions to WMAC in conjunction with future rate reviews. cO Deloitte & Touche UP o SF~.J)' r!'il ...... ]RRRC of Alameda County Recommende.justments . . ~:\.~~; > Rate Request Impact: 1995 - S 1.1 million reduction in allowed expense (including interest effect) S 1. 7 million reduction in allowed expense (including interest effect) 1996 - For further discussion of Ollr analysis and methodology refer to the Collection Profit Methodology section 21 !f!li4.J3.!1.pm Deloitte & Touche UP o jRRRC of Alameda County Rate Recommendations 3. Interest Expense on Altamont Landfill Operations WMAC Application: WMAC has requested that a 9.5% Interest Rate be applied to all funding requirements for WMAC's operations, WMAC based this request on: .... The current rate is too low and should be increased to competitive market rates. .... The 9.5% Interest Rate is based on an average lease rate with collateralized borrowing. SF9-4.HS.~!'I\ Deloitte & Touche UP o jRRRC of Alameda County . Rate Recommendations . D&T Recommendation: Interest coverage is included in WMAC return on the landfill operation. Rationale for Recommendation: .... The recommended profit methodology (18.6% WACC on assets) is sufficient to cover WMAC's interest and tax payments, and still provide an adequate profit allowance. .... WMAC/WMX's internal financing is extremely complex; the Company could not adequately support their financial projections: _ Interest did not incorporate the impact of a rate increase, _ Interest expenses needed to be revised through the review process. .... Does not require WMAC to support an interest rate of 9.5% when Company's overall cost of debt is 6.4%. .... Simplifies the Rate Review process. Rate Request Impact: 1995 - 1996 - $3.0 MM reduction in allowed expenses $3.0 MM reduction in allowed expenses 23 Deloitte & Touche UP o Sf'14.HIl..pm jRRRC of Alameda County Rate Recommendations Recommended Adjustments 4. Interest Expense on Collection Operations WMAC Application: WMAC has requested that a 9.5% Interest Rate be applied to all funds in the Advance Account. WMAC based this request: .... The current rate is too low and should be increased to competitive market rates. .... The 9,5% Interest Rate is based on an average lease rate with collateralized borrowing. H Deloitte & Touche LLP o ~"'.J)3.plll ,\",";' ~,.,." , : -,,-,. jRRRC of Alameda County Recommen~e.justments D&T Recommendation: Rationale for Recommendation: Rate Request Impact: $F'Mj~ll.rm jRRRC of Alameda County l\UI.(:." l\Cl,.VI,f.",:t;.,IULU,"V'&.,J . Interest coverage is included in the Deloitte & Touche LLP recommended O.R. .... The recommended profit methodology (89% O.R. pre-interest, pre-tax) is sufficient to cover WMAC's interest and tax payments and still provide an adequate profit allowance. .... WMAC/WMX's internal financing is extremely complex; the Company could not adequate support their internal financing system: _ Interest did not incorporate the impact of a rate increase .... Does not require WMAC to support an interest rate of 9.5% when Company's overall cost of debt is 6.4%. .... Simplifies the Rate Review process, .... The WMAC/WMX internal financing mechanism is a non- r~gulatory issue and should not be covered in rates. 1995 1996 $660,000 reduction in allowed expense $1.1 million reduction in allowed expense Deloitte & Touche UP o 15 Rate Recommendatiolls Recommended Adjustments 5. Depreciation on Proposed Material Recovery Facility (MRF) WMAC Application: SF'H"~J""F"'" WMAC included depreciation expense in 1995 on the proposed MRF. WMAC based this request on: .... Intention was to include the depreciation expense in 1996, not 1995, 26 Deloitte & Touche UP o \ .^". . '.-.', J,",'",: ]RRRC of Alameda County .l\U~t:: l\c:-("u"U'I.r;ftu:U"'''V'~''' RecommendeAustments . D&T Recommendation: Remove depreciation expense associated with the proposed MRF from the 1995 Rate Application, Rational for Recommendation: ... The depreciation expense was inadvertently included in the 1995 Rate Application. Rate Request Impact: 1995 - 1996 - $F94.J~~.pm ]RRRC of Alameda County Recommended Adjustments 6. Proposed MRF Costs and Revenues WMAC Application: S~94"]:l~.pm $125,000 reduction in allowed expenses No rate impact assuming disallowance at the present time 17 Deloitte & Touche LlP o Rate RecommendatiollS WMAC has proposed the construction of a MRF at the Davis Street Facility. The MRF would cost an estimated $2.5 million and be in service in 1996, WNfAC based this request on: ... The MRF would assist the ]RRRC in meeting the requirements of AB 939 mandatory recycling goals, ... Current facility does not meet WMAC's health and safety goals. ... Work is affected by inclement weather. ... Note: WMAC did not fully include the projected expenses for the MRF in the 1996 Rate Application, 28 Deloitte & Touche LlP o . ,.. ..';.,. JRRRC of Alameda County Rate Recommendations . . Recommended Adjustments D&T Recommendation: Disallow current expense projections for this year's rate application. Perform a cost and benefits analysis of the proposed MRF to evaluate the appropriateness of WMAC's/JRRRC's proposed investment. Rationale for Recommenda tion: )lo- The MRF facility, as proposed, will add an additional expense, net of landfill reductions of $800,000 in 1996. - WMAC estimates the MRF program will result in the diversion of 69,000 tons/year from Altamont. - Based on WMAC projections of 450 tons/day, the MRF has an estimated capacity 117,000 to 140,000 tons/year. ~ WMAC has projected $2.5 million in capital expenditures and $2,5 million in annual operating costs to support the MRF. )lo- The Rate Application does not contain $260,000 in expenses required to support the MRF. These expenses would represent an increase above the current Rate Application. Rate Request Impact: Dependent on outcome of proposed cost and benefits analysis. 1995 - 1996 - No rate impact 5520,000 reduction in allowed expenses 29 Deloitte & Touche UP o SF~~.,\jll.pm JRRRC of Alameda County Rate RecommendatiollS Recommended Adjustments 7. Vehicle Fuel Cost Escalator (1996) WMAC Application: WMAC has requested a 15% increase associated with the price of fuel in its 1995 Rate Request. WMAC based this request on: )lo- The volatility of fuel prices, and the lack of a Balancing Account, necessitates that WMAC take a conservative approach to estimating this cost. 30 Deloitte & Touche LLP o SF9~_Hll.pm ]RRRC of Alameda County . Recommended Adjustments D&T Recommendation: Rationale for Recommendation: 5f'OJ8.j11T1 ]RRRC of Alameda County Reco11l11le1lded Adjustments Rate Request Impact: 5~9~,)J! .m Rate Recommendations . Use 3.0% as the inflator for costs. Proposed refuse collection methodology provides return to compensate for fuel price risk. .... This is consistent with the general expense inflator used by WMAC in its rate application. .... .... The use of a 3% inflator has been accepted by WMAC (November IS, 1994 letter). .... The 3% inflator is consistent with a survey of projected inflators for 1996 (Table 7). TAB1.E 7 I Inflation Projection (1994-1996) Updated July 8, 1994 Projected 1996 UClA Business ForeclSl for California 2.80 Vali.e line Investment Survey 3040 Fortune 3.30 Year Average 3.17 31 Deloitte & Touche UP o Rate Recommendatiol1s .... The inflator is not out of line with other proxies for fuel cost increase projections. 1.7% projected annual growth 1992-2010 published by the Depaftment of Energy 4,67% projected increase for 1996 national average for industrial! retail prices published by the Wharton Econometrics Forecasting Associates 1995 - 1996 - No rate impact $240,000 reduction in allowed expenses ~: Deloitte & Touche LLP o ( ';.r :-, '. ]RRRC of Alameda County J{ULe .l\f::l.U"t1flr;:;llUWLf,VIJJ Recommende.ustments 8. Interest Rate on Balancing Account . WMAC Application: WMAC has requested a 15,5% interest rate be applied to the outstanding funds in the Balancing Account. WMAC based this request on: ... WMX's WACC is 15.5% and WMAC expects this type of return on the Balancing Account. ... The Balancing Account is not an asset which is included in the operating ratio calculation. ... Risk associated with the Balancing Account not being paid off. 33 Deloitte & Touche UP o SF 94,JJa.rr:l jRRRC of Alameda County Rate Recommendations Recommended Adjustments D&T Recommendation: The jurisdictions should commit to repayment of the Balancing Account within 3 years unless the jurisdictions and WMAC can agree to a longer repayment period. The interest rate for 1995 should be set at the historical rate of 5.76%. For years 2 and 3 the interest rate should be set at the prime rate + 1% (9.5% as of 12/1/94). Rational for Recommendation: ... In its 1994 rate application the company accepted the 5.76% rate for Balancing Account and accruals made in the 1994 fiscal year. Since the Balancing Account's historical rate setting method moved repayment of account balances into the next fiscal year, an increase in rates for 1995 has the effect of charging the jurisdictions a rate higher than that requested and agreed to for 1994 balances and accruals. The 5.76% interest rate is consistent with WMAC's request for the treatment of 1994 balances and accruals. ... 15.5% interest represents a change in past practice. ... Prime rate plus 1% is appropriate for the risk associated with payment of Balancing Account. ... The 15.5% WACC is a greater return than that allowed on WMAC's initial investment (e,g" 91.6% O.R,). Deloitte & Touche LLP 34 0 SF'.U}t,rM JRRRC of AlaIneda County .:' ,: ..~' . Recommended Adjustments Rational for ... Recommendation: Rate Request Impact: ~9-i.Ba.pm JRRRC of Alanleda County Rate Recommendations . The 15,5% WACC is excessive in comparison to the original intent of the interest to be applied to the Balancing Account. ... jRRRC Members have acknowledged and accepted their share of Balancing Account and are planning payment terms in the current Rate Application. ... If jurisdictions would like repayment periods longer than 3 years, WMAC must agree to it. Dependent on the time period over which the Balancing Account is paid off. 35 \., Deloitte & Touche LLP o Rate Recommendations Recommended Adjustments 9. Health and Welfare Expenses D&T Recommendation: Rationale for Recommendation: Rate Request Impact: SF'U."S.pm Increase employee health and welfare costs by $241,000 to In reviewing health and welfare expenses, WMAC discovered an omission of expenses in the amount of $241,000. ... These expenses are a reasonable cost of business for WMAC. 1995 - $241,000 1996 - No impact 36 Deloitte & Touche LLP o ,.. i ]RRRC of Alameda County Recommendetljustments 10. Altamont Landfill Surcharge D&T Recommendation: Rationale for Recommendation: Rate Request Impact: Rate Recommendations . Increase pass-through fees at the Altamont landfill for cost increases associated with increase surcharges levied by Alameda County, ... Alameda County has imposed a $0.075/ton fee for conditional use permitting at the Altamont landfill. ... Alameda County has imposed a $0.95/ton business license fee at the Altamont landfill. 1995 - $520,000 in allowed expenses 1996 - $520,000 in allowed expenses ~'k.)J8.rm I. ]RRRC of Alameda County Recommended Adjustments 11. Additional Allocations D&T Recommendation: Rationale for Recommendation: Sf'~.Htlrrn 37 Deloitte & Touche UP o Rate ReCOllll1lelldatiolls Allocate an expense pool between members of the ]RRRC to compensate for differences in interest returns to WMAC arising from differences in historical levels of rate funding, Individual jurisdictions have unique histories of rate adoption; this has led to significant variances in the interest expenses charged to individual cities. The operating ratio on an EBlT basis treats interest returns to the Company as a function of expenses and does not reflect the short term variances jurisdictions presently face. By allocating a pool of expenses between jurisdictions over the next several periods, variances in those short term charges can be corrected. As jurisdictions move away from the previous rate setting methodology, these variances in interest returns will diminish, and the allocations will not need to be considered. 38 Deloitte & Touche UP o ]RRRC of Alameda County Recommende.ustments 11. Additional Allocations Rate Request Impact: ~F904.J'8.pm ]RRRC of Alameda County Recommended Adjustments 12. Management Fees WMAC Application: SF~4J}8.pm Kate KecommenaarlOn:; . The allocation was made based on current advance account and cash flow projections provided by WMAC, and is consistent with their current method of interest cost calculation. This charge represents no additional expense allowed to WMAC, only an allocation between jurisdictions. Varies by jurisdiction - refer to Collect Interest Net of Allocation Expense line in Appendices 3 and 4. 39 Deloitte & Touche LLP o Rate Recommendations WMAC has requested a 2% of Management/S&D Fee to cover corporate support and administrative services. WMAC based this request on: ... Consistent with prior Rate Applications in Alameda County. ... A 1989 study by Arthur Anderson & Company allocating an equitable portion of corporate expenses to Oakland Scavenger Company (WMAC's predecessor) . 40 Deloitte & Touche LLP o ....-:,... .." ., JRRRC of Alameda County . Recommended Adjustments D&T Recommendation: Rationale for Recommendation: Rate Request Impact: Sf'!l~.J)8.i'rn JRRRC of Alameda County Recommended Adjustments 13. Performance Measures WMAC Application: S~"O)S~"" Rate Recommendations . Allow 2% management and S&D fees ~ Based on a review of a new study by Arthur Andersen based on 1993 actuals, the expense projections appear reasonable. 1995 - No effect 1996 - No effect 41 Deloitte & Touche LLP o Rate Recommelld.1tiolls mfAC did not provide information to Deloitte & Touche LLP regarding the Performance Standards that were "proposed/adopted" in 1993 or 1994. WMAC based this request on: ~ WMAC contends that "they never received any indication that these standards were ever adopted", therefore, WMAC chose not to respond to a request to provide data and documentation supporting their efforts to achieve these standards. 4c Deloitte & Touche LLP o r- r- ]RRRC of Alame.Unty Recommended Adjustments D&T Recommendation: Rationale for Rate Request Impact: 5FI,IU~8.rm . Rate Recommendations Do not adjust operating ratio based on the company's performance at this time. The final policy decision on profit adjustment should be made by jurisdictions. ... The )RRRC subcommittee on Performance Standards recommends no adjustment at this time. ... Develop revised performance standards. ~ Better linkage to key business issues (cost control, volume reductions, AB939 compliance) - Create incentive based standards, rather than punitive 1995 - 1996 - No effect No effect ~3 Deloitte & Touche UP o . . COMPARISON OF WMAC PROJECTED 1995 REVENUE DEFICIENCY BY LINE ITEM FOR DUBLIN OPERATIONS Dublin COll1parison of Total Projected Rate Increases for 1995 (000) WMAC Rate Application Recommendations As a % of % Contribution Total Costs To Rate Increase Dublin Projected Revenue Deficiency Sources of cost and profit Changes Disposal profit Collection profit Interest expense-disposal only Labor related -collection Disposal costs wlo interest, profit Service migration-1994 Franchise fees Other operating expense General and administrative . Office expense Trucking expense Other income OIlier equipment Service migration-1995 Collection Interest net of Allocation Total 441.3 135.7 105.9 60.3 44.2 37.7 36.3 21.6 13.4 9.8 7.1 5.3 (0.0) (4.3) (5.8) (26.1 ) 441.3 417.8 30.7% 24.0% 13.7% 10.0% 8.5% 8.2% 4.9% 3.0% 2.2% 1.6% 1.2% (0.0%) (1.0%) (1.3%) (5.9%) 100.0% 5.8% 4.5% 2.6% 1.9% 1.6% 1.6% 0.9% 0,6% 0.4% 0.3% 0.2% (0.0%) (0.2%) (0.2%) (1.1 %) 18.9% 205.1 87.1 (39.6) 53.2 39.9 36.3 19.5 13.4 9.8 7.1 5.3 (0.0) (4.3) (5.8) (9.4) 417.8 49.1 % 20.8% (9.5%) 12.7% 9.5% 8.7% 4.7% 3.2% 2.4% 1.7% 1.3% (0.0% ) (1.0%) (1.4%) (2.2%) 100.0% 8.8% 3.7% (1.7%) 2.3% 1.7% 1.6% 0.8% 0.6% 0.4% 0.3% 0.2% (0.0% ) (0.2%) (0.2%) (0.4%) 17.9% . EXHIBIT i ~* ~04"'"t 'T1.3J,s . ." , BARAKAT o CHAMBERLIN - Position Paper- WASTE MANAGEMENT OF ALAMEDA COUNTY OI>ERATING RATIO RECOMMENDATIONS . Prepared by: Paul Eisenhardt, Cindy Kline, Derek Han~l BARAKAT & CHAMBERLIN, INC." August 3, 1994 EXECUTIVE SUMMARY ONLY p9<<I2169\pIoNaaJQ) EXHIBIT....3'L _ J s-t...<<- . Re.to f'T 'f"S'f' '$;" . . WASTE MANAGEMENT OF ALAMEDA COUNTY OPERATING RATIO RECOMMENDATIONS EXECUTIVE SUMMARY Purpose of this Paper In preparing for its 1995 rate application to the Joint Refuse Rate Review Committee (JRRRC), Waste Management of Alameda County (WMAC) requested that Barakat & Chamberlin, Inc. review the history of rate setting by the JRRRC and make recommendations as to appropriate operating ratios which might be used to establish WMAC profitability in the future. The purpose of this paper is to describe the recent history of rate setting by the JRRRC, and to present our opinions with respect to operating ratios which are fair and appropriate for use in regulating WMAC. History of Rate Setting Until 1992, the profit received by WMAC for its operations in the JRRRC jurisdictions was based upon a negotiated after-tax return on equity. In late 1991, the JRRRC determined it would establish a range of potential profitability for WMAC and then set WMAC's allowed profitability within that range based upon its "performance" against a set of previously undefined standards. For 1992, the JRRRC set the range of return on equity at 10% to 16%. Based on its evaluation of WMAC's performance, the JRRRC set the allowed return at 10%. For 1993, the JRRRC determined the appropriate range of return on equity was 7% to 13%. The JRRRC determined WMAC had improved its performance and therefore allowed WMAC a return more toward the middle of the range (9.5%), though the fact the range had been lowered had the effect of reducing WMAC's profitability. For the 1994 rate application, "the Committee accepted [Hilton Farnkopf & Hobson's] recommendation to change the basis upon which the allowed profit is calculated from a return on equity to a pre-tax operating ratio." (Hilton Farnkopf & Hobson, 1994 Rate Review of Oakland Scavenger Company, p. 4) The stated purpose of this was twofold: . To allow greater comparability to the returns allowed by other regulating entities; and · To avoid several issues associated with the calculation of the allowed profit on .. a return on equity basis, including the escalating equity balance . . For 1994, "the [JRRRC] determined that, based on the use of a balancing account, which guarantees the allowed profit, and the Committee's assessment of WMAC'.s performance during the past year, WMAC be allowed a pre-tax operating ratio of 91.6% on expenses net of revenue based fees, which is equivalent to a 93.25% pre- tax operating ratio on all expenses....... n (Hilton Famkopf & Hobson, 1994 Rate Review, pg.5). WMAC has protested the way in which the change from a return on equity approach to an operating ratio approach has been implemented, and has requested that Barakat & Chamberlin include in this paper its recommendation as to appropriate operating ratios which could be used for establishing future WMAC profitability. Approach While we recognize the. use of an operating ratio is a common methodology for rate . setting in the waste collection business, we also believe the use of operating ratios should be treated carefully, particularly when the regulated business has different operations. We believe there are fundamental differences between the waste collection and transfer operations and the disposal operations at Altamont Landfill which justify very different returns for these businesses.' In setting rates and in choosing an operating ratio for 1994, we do not feel the JRRRC appropriately accounted for the different nature of these operations. Reasons for using separate operating ratios for the collection/transfer operations and the disposal operations include: . Differences in asset intensity and labor intensity between collection/transfer operations and disposal operations . Differences in risks between types of operations . Significant capital expansions at Altamont Landfill . Greater ability to compare profitability to other regulated solid waste operations -- i.e., industry practice Key Issues There are key issues which need to be considered in developing appropriate operating ratios for the WMAC operations. These include: . WMAC history of capital expenditures (particularly at Altamont Landfill) 11 . . . Relationship of equity growth to capital requirements . Balancing Account treatment (complete elimination or use for uncontrollable circumstances) . Risk allocation between JRRRC members and WMAC The JRRRC and its members should be prepared to acknowledge that elimination of the balancing account, as proposed in the JRRRC's June 6, 1994 letter to WMAC, will shift significant cost management risk to WMAC. Any such change in risk allocation should be accompanied by a correspOnding increase in financial return to WMAC. It should also be recognized that the operating ratios presented inherently assume that appropriate interest rates are being charged and earned by WMAC. The current interest of 5.76% is too low by any comparative measure of market interest rates. The rate should be .increased to 9.5 % for all interest rates except for the balancing account where the usage of a weighted average cost of capital is the appropriate rate as discussed in this position paper. Landfill Operating Ratio Based upon our analysis of the regulatory practices used by other communities in . California and our knowledge of the solid waste industry, we believe an operating ratio of 71.5% would be appropriate for establishing WMAC landfill profitability. This ratio would be based on treating interest and regulatory expenses (as well as state and locally mandated fees) as pass-through expenses, i.e., recovered in rates but not eligible for determining profit. We believe this ratio is consistent with the profitability allowed at the Keller Canyon Landfill, which is comparable to the Altamont Landfill in its size and in its modern environmental compliance, ~d is supported by the profitability allowed to regulated private operators of publicly owned landfills. We also believe the exclusion of interest, state and locally ~andated fees, and revenue based fees for the purposes of profit calculation enhance the comparability of WMAC's proposal with the JRRRC recommendation and make this proposal supportable by industry standards, consistent with .other recommendations by Deloitte & Touche, and consistent with providing a fair return to WMAC. iii . . Collection Operating Ratio We believe an operating ratio of 88 % is appropriate for the collection and transfer operations of Waste Management of Alameda County. Consistent with the emerging industry trend, the operating ratio which we recommend is based on a pass-through of disposal costs (no additional profit other than that received directly for landfill operations), and revenue based fees and surcharges. Our recommendation of 88 % is based on the operating ratios allowed by other communities in the greater Bay Area, and the treatment of disposal costs which we . are recommending. We do not believe the intercompany relationship of the landfill and collection/transfer operations should automatically prevent WMAC from earning a profit on disposal costs. However, for this particular case, we believe an 88 % operating ratio for collection/transfer operations combined with the 71.5 % operating ratio on landfill operations provides for a reasonable composite return. Performance Evaluation Criteria We recognize the JRRRC's interest in using allowed profitability as a way to reward or penalize WMAC performance. We believe for a fair process to be established and then utilized, WMAC and the JRRRC must agree to a set of standards and the method for evaluating WMAC's performance, as well as the relationship of that performance to profitability, prior to the beginning of the evaluated year in question. For the process to be run otherwise has the effect of ex post facto rule making which is inherently unfair. iv . . The Market Required Return on Equity and Weighted Av~rag'e Cost 'of Capital: Waste Management of Alameda County_ Prepared for Waste Management of AlaITleda County , Arthur Andersen Economic Consulting . August, 1994 . . I. EXECUTIVE SUMMARY Arthur Andersen Economic Consulting (AAEC) was asked by Waste Management of Alameda County (WMAC) to estimate a fair rate of return in setting rates for WMAC. The overriding principle of economic regulation is .that the regulated entity should receive reimbursement for the costs it reasonably incurred providing its services, including taxes and depreciation, plus a fair return on the capital invested to provide the services. . The principle of a regulatory bargain or compact in regulatory economics refers to the obligation of regulators to balance the interests of both utility ratepayers and investors in their ratemaking decisions. A utility is given the opportunity to provide service without competition and, while not assured of recovering its costs or earning a fair rate of return, it should have the opportunity to do so. In exchange for the lack of . competition provided by its exclusive franchise, the company foregoes the opportunity to earn high returns and must ensure that rates are reasonable and service reliable. While companies such as WMAC, enjoy varying degrees of protection from competition in the provision of waste hauling and disposal services in some areas (granted through franchise or contract), they must compete with all other compani~s in the open markets for the factors of production - labor, materials and capital. Since regulated entities compete in th~ securities markets with other issuers, they must pay the market rate of interest on debt capital and the market return on equity capital in order to be able to attract financing. Market Return on Equity The market return on equity capital for a pUblicly traded company can be estimated using approaches that have been well developed in the finance literature and that have been extensively applied in rate setting cases of. economically regulated compani~s. If WMAC were an indepengent company with publicly traded securities, data on the trading of its securities would provide a benchmark by which to calculate its cost of capital. Since shares of WMAC are not traded, this 'data does not exist. We can, however, use market data of its parent, WMX. It is standard regulatory policy to use the cost of capital of the parent when the parent and subsidiary face similar risks. . . 2 We have used the Capital Asset Pricing Model (CAPM) to estimate the cost of equity capital, and the Discount Cash Flow (DC F) or Dividend Growth Model to verify the results of the CAPM analysis. The CAPM model expresses the required rate of return for a firm in terms of a risk-free rate plus a premium for risk. The DCF model provides a useful check on the CAPM cost of capital estimate. The DCF model is based on the observation that a share of a company's stock should be worth the present value of the company's future stream of dividends discounted at its market-required return on equity. The advantages of the DCF model are its intuitive appeal and the fact that parameters required to estimate the market-required return are available. The disadvantages of the model are the assumption of a constant growth rate and the tendency of the DCF model to underestimate the required rate of return when firms have valuable growth opportunities. Weighted Average Cost of Capital We estimated the weighted-average cost of capital for WMAC, taking into account the . current capital structure of the company and the market-required equity return derived from the CAPM analysis. Conclusions Based on our analysis, we find that the cost of equity capital for WMX Technologies (WMX) is the appropriate benchmark to use to estimate the cost of equity capital for WMAC; that the cost of equity capital for WMAC is approximately 17.3 percent today; and that the weighted average cost of capital for WMAC, inclusive of tax effects, is 15.5 percent today. This weighted-average cost of capital of 15.5 percent is the appropriate cost to use in setting rates through 1995 -- a fair rate of return. ARTHUR ANDERSEN & Co., SC Arthur Auderseo Ecouomic Coosultiug AGREEMENT FOR PROVISIONAL CHARGES FOR THE CLOSURE AND POST-CLOSURE MAINTENANCE OF ALTAMONT SANITARY LANDFILL I \. THIS AGREEMENT is made and entered into as of this ("city") and oakland Scavenger company, a California corporation 11th day of January , 1993 between the city of Dublin ("OSC") . THE PARTIES AGREE AS FOLLOWS: 1. RECITALS This Agreement is entered into in light of the I I, following facts and circumstances: A. March 10, 1986 city and esc entered into an Agreement dated. (the "Franchise Agreement") pursuant to which .. city granted OSC a franchise to collect and dispose of refuse from within city, and ose undertook to collect and dispose of all refuse in accordance with law. B. Refuse collected by ose from within city is disposed of at the Altamont Sanitary Landfill ("Altamont") operated by osc and located in eastern Alameda county. e. ese has disposed and now disposes at Altamont refuse from other communities besides city, located both within and outside of Alameda County. oSC states that the Alameda County communities whose refuse is now disposed of at Altamont are, including city, the city of Alameda, the city of Albany, castro Valley Sanitary District, the city of Dublin, the city of ' 1 76863.5 E'XHIBIT ^ , \ Emeryville, the city of Hayward, the city of Oakland, Oro Lorna Sanitary District, and the city of piedmont. D. Each of these nine agencies is a member of the Alameda County Joint Refuse Rate Review Committee ("committee"). pursuant to the Franchise Agreement, and to parallel provisions in the franchise agreements of the other member agencies, the committee evaluates annual applications from OSC for adjustments to the rates which it is authorized to charge to residents and businesses in the member agencies' jurisdictions who receive refuse collection service from OSC. city considers the committee's report and recommendation and periodically takes action to adjust rates which asc may charge residents and businesses ("ratepayers") in city. E. asc is required by California law, including regulations of the California Integrated Waste Management Board ("CIWMB"), 14 california code of Regulations Sections 17760- 17796, 18250-18277; and the State Water Resources Control Board, 23 California code of Regulations Sections 2580-81, to develop, have approved, and then implement plans for the closure of Altamont and for its long term post-closure monitoring and maintenance. The CIWMB regulations also require osc to comply with one or more methods of demonstrating financial responsibility for its closure and post-closure responsibilities (14 California Code of Regulations Sections 18280-18297). 2 76863.5 F. ase contends that proper accrual for the costs of closure and compensation for compliance with state law are necessary and proper expenses relating to operation of Altamont. G. asc has requested the committee to recommend to its member agencies that asc be authorized to increase rates charged to ratepayers to cover the costs of complying with these closure/post-closure requirements at Altamont. City states that the Committee has, through engineering and financial consultants, evaluated the feasibiiity and adequacy of asc's closure and post- closure plans, and the reasonableness of ase estimates of the costs thereof. It has also investigated a methodology by which the closure/post-closure expenses which would be paid for by ratepayers of Committee member agencies, including city, can be . limited to their fair share based on their proportionate usage of Altamont. These investigations are substantially completed, but the Committee's findings as to these items have not been translated into definitive agreements between the member agencies and asc. Moreover, there are issues associated with city's desire to insure that revenues paid by its ratepayers to ase intended to cover closure/post-closure expenses are in fact utilized for those purposes, and these issues are related to the method of financial assurance which asc intends to utilize and have approved by CIWMB. It is expected that the discussion and definitive resolution of these issues between city and ase and between other Committee member agencies and ase will require at least 10 months. 3 76863.5 H. city wishes to approve, on a provisional and non- precedential basis, an increase in the rates which osc may charge, the additional revenues from which would be dedicated to closure/post-closure expenses. The purpose of this Agreement is ! . i to specify the issues which are to be further negotiated between the parties and the handling of funds generated by the provisional rate increase during the negotiations prior to execution of a definitive agreement. 2. NEGOTIATION OF AMENDMENT TO FRANCHISE AGREEMENT. (a) city and asc agree to seek to negotiate in good faith an amendment to the Franchise Agreement (the "Amendment Agreement") that will address the following issues and such other matters as the parties may agree upon: (1) The method by which asc will demonstrate the availability of financial resources to conduct closure and post- closure maintenance activities under Chapter 5, Article 3.5 of Title 14 of the California Code of Regulations with regard to Altamont, including, without limitation, the type and terms of financial assurance that QSe will provide; (2) The method by which ase will seek to allocate closure and post-closure maintenance costs among all cities and other users (both within and outside Alameda county) who use or have used Altamont; (3) The portion of the closure and post-closure maintenance expenses for Altamont to be borne by ratepayers of eity; 4 76863.5 (4) The amount, if any, that OSC may collect from ratepayers of city for the specific purposes of providing the required financial assurance described in Paragraph 2(a) (1) above and funding for the closure and post-closure expenses, and the period over which such amount would be collected; and (5) The method by which the provisional charges that are collected on an interim basis pursuant to Paragraph 3 below will be applied to payment of closure and post-closure maintenance expenses and for other purposes as described in paragraph 4(c) below. (b) city may appoint the Committee as its representative in the negotiations contemplated by this paragraph 2. Upon receiving written notice of such appointment, .. OSC shall recognize and deal with the committee as the city's representative. Notwithstanding such appointment, however, the Amendment Agreement will not become effective unless and until it has been approved by city directly and signed by an authorized officer of city. (c) city and osc will commence such negotiations promptly following execution of this agreement, and will seek to execute a definitive agreement amending the Franchise Agreement with respect to the matters described above no later than November 1, 1993 (the "Designated Amendment completion Date.") (d) By agreeing to enter into such negotiations, city does not explicitly or implicitly agree or acknowledge that it or the ratepayers in city are in any way responsible for closure or 5 76863.5 "" I post-closure maintenance expenses at Altamont or for providing funds for such expenses. By agreeing to enter into such negotiations, OSC does not implicitly or explicitly agree that city or its ratepayers are not liable in full for such expenses or for providing funds. 3. PROVISIONAL CHARGES. (a) city will authorize osc to charge ratepayers in city provisional charges in ,the amounts set forth in Schedule A attached hereto (the "Provisional Charges") for periods commencing on or after January 1 , 1993, and ending on or prior to the Designated Amendment Completion Date or on. such other date as may be specified in the Amendment Agreement. city agrees to take whatever steps are necessary to amend its rate .. schedule to include the provisional Charges. The schedule of Provisional Charges has been designed to yield OSC with an amount of approximatelY One Dollar and sixty-Six cents ($1.66)/ton of refuse collected from ratepayers in city during the term of this Agreement. The preceding amount has been selected by city without reference to the amount of rate increase, if any, that may ultimately be agreed upon by the parties. OSC may collect the Provisional Charges in addition to the charges that it is otherwise permitted to collect under the Franchise Agreement. The amounts collected as Provisional Charges shall be held separately and used by OSC only in accordance with the provisions of this agreement. 6 76863.5 .. (b) asc agrees and acknowledges that city's authorization of the collection of the provisional Charges at this time is for a limited purpose. asc further acknowledges that city's authorization of such collections is not an express or implied admission or agreement of city that its ratepayers are responsible for closure or post-closure maintenance expenses or must contribute to such expenses. The city acknowledges that asc's agreement to collection of the Provisional Charges as provided for in this Agreement is not an express or implied admission or agreement by asc that the city and its ratepayers are not liable in full for closure or post-closure maintenance expenses and contribution for such expenses. 4. ESCROW ACCOUNT. (a) ase shall establish and maintain throughout the period required by this Agreement a separate interest bearing account with Union Bank or with such other bank as may be approved in writing by eity in its discretion (the "Bank") into which shall be deposited all Provisional Charges collected by ase (the "Escrow Account"). All funds and other property rights held in the EscroW Account, including earnings thereon, are referred to hereinafter as the "Escrow Funds." The Escrow Account shall be a passbook savings account or a time deposit with the Bank with a maturity not later than twelve (12) months from the date of deposit. asc shall seek to secure the highest available interest offered by the Bank on the Escrow Account within the confines of the preceding sentence. All Provisional charges 7 76863.5 . f' collected in a month shall be deposited in the Escrow Account not later than ten (10) days following the end of the month. No later than the time the Escrow Account is opened, ase will secure the agreement of the Bank that said account may not be amended, terminated or modified without the written agreement of eity. ase shall provide a copy of this Agreement to the Bank. eity shall not be subject to any claim or liability to ase or any other person as a result of its approval or disapproval of any bank with which ase seeks to establish the Escrow Account. (b) Escrow Funds, and any part thereof, may be withdrawn or disbursed from the Escrow Account only upon the joint signatures and at the joint direction of an authorized representative of each of city and Qse. Until changed by written notice from the naming party to the other, the authorized representative of each shall be the individual holding the position named in paragraph 5(d) hereof. (c) All Escrow Funds shall be the property of asc, but shall be used only for payment of closure and post-closure maintenance expenses for Altamont as specified in the Amendment Agreement, if any. If no Amendment Agreement is entered into between city and asc by the Designated Amendment completion Date, or if such agreement does not expressly deal with the disposition of the Escrow Funds, said funds shall be disposed of as follows: (1) If at the time the Escrow Funds are to be distributed asc has established a trust for performance of closure and post-closure maintenance obligations at Altamont 8 76863.5 pursuant to the rules and regulations of the CIWMB, the Escrow Funds shall be distributed to said trust promptly following the Designated Amendment completion Date. Any cash, funds or property so contributed shall be considered to have been paid toward satisfaction of any amounts theretofore or thereafter required to be contributed by city's ratepayers for closure and post-closure expenses, to the extent of the Escrow Funds so distributed. (2) In the event that no trust fund has been established as .described in subparagraph (1) above, the Escrow Funds shall be released to asc promptly following the Designated Amendment Completion Date. In that event, the aggregate amount permitted to be collected by Qse from ratepayers for the fiscal \ year of the Franchise Agreement that next commences after the date of distribution shall be reduced by the amount of the distributed Escrow Funds (inClUding interest earned), and said reduction shall be implemented by an appropriate proportionate reduction in the rates that would otherwise be authorized for said period. (d) ase shall keep accurate records with respect to all Provisional Charges and funds held in the Escrow Account, inclUding records with respect to earnings thereon. Monthly, while the Escrow Account is maintained, and within thirty (30) days following the closing of said account, osc shall render a written accounting to city of the funds collected and held in the 9 76863.5 account and transactions in said account since the last accounting. (e) Except as expressly set forth in section 4(c) of this Agreement, oSC shall have no right, power or authority to assign, transfer, alienate, encumber, or hypothecate its interest in the Escrow Account in any manner, nor shall its interest be subject to claims of OSC's creditors or liable to attachment, execution or process of law, it being the agreement of the parties that the funds held in the Escrow Account have been collected and can be used for only closure or post-closure maintenance expenses for Altamont and for such other purposes as are permitted by this agreement. 5. GENERAL. . (a) This agreement shall be binding on the parties hereto, and the successors and assigns of each. (b) Except as specifically provided herein, the Franchise Agreement remains in full force and effect and unmodified hereby. (0) In the event either party commences any legal action to enforce its rights hereunder, the prevailing party in such action shall be entitled to recover from the other its costs and expenses, including reasonable attorneys fees, incurred in connection with such action. (d) Any notice or other communication required or permitted by this agreement to be delivered to or served on any party to this agreement shall be deemed properly delivered to, 10 76863.5 served on, and received by the party when personallY delivered to the party, or, in lieu of such personal service, three (3) days after the notice or communication has been deposited in the U.S. mail, postage prepaid, addressed to the party at the following address: oakland Scavenger Company 2000 Embarcadero, suite 300 oakland, CA 94606 At te n t ion: [x. t.. C '" n VI- VI" c t: -?....c:r..s a:=, i-Jr- city of Dublin 100 Civic Plaza (P.O. Box 2340) Dubl~n, CA 94568 Attention: City Manager IN WITNESS WHEREOF, the parties hereto have executed this ;. Agreement as of the date first above written. finEST: -4~(Jl ~ r!..L C e. LE I?K.. CITY OF~~lIN By: ~~. Peter W. Snyder Its: Mayor OAKLAND SCAVENGER COMPANY Its: ~v:'r' 11 76863.5 , {, I.... Schedule A Provisional Charges The provisional charges shown below have been calculated by dividing the Agency's projected 1993 franchised tons (including allocated public tons) by the total projected 1993 franchised tons and multiplying the quotient by the projected 1993 closure and post-closure expense included in OSC's 1993 rate application. The result is the Agency's proportionate share of the projected 1993 closure and post-closure expense, which is equivalent to $1.66 per projected ton of solid waste disposed in 1993. The Agency's proportionate share of the projected 1993 closure and post-closure expense is then divided by the projected 1993 gross collection revenues at current rates before any 1993 rate adjustment. The quotient is the estimated percentage of projected 1993 gross collection revenues that are required for 1993 closure and post-closure expense. The Agency's actual 1993 closure and post-closure expense will be calculated by aac on a monthly basis by multiplying the Agency's actual tonnage for the preceding month by $1.66 per ton. asc will deposit $1.66 per ton into the Agency's Escrow Account referred to in Section 4 of this Agreement. , .. Agency: Dublin Projected 1993 Tonnage Proportionate Closure and post-Closure Expense Projected 1993 Revenue Closure and post-closure Expense As % of Revenue 25,347 $41,955 $2,357,000 1.78% ,....---" - EXTENSION OF AGREEMENT FOR PROVISIONAL CHARGES FOR THE CLOSURE AND POST-CLOSURE MAINTENANCE OF ALTAMONT SANITARY LANDFILL THIS AGREEMENT is made and entered into as of this 1st day of November 1993 between the city of DUblin ("city") and Waste Management of Alameda county, Inc., a California corporation, formerly known as Oakland Scavenger Company ("WMAC") . WHEREAS, the parties entered into an "Agreement for Provisional Charges for the Closure and Post-Closure Maintenance of Altamont Sanitary Landfill" dated as of January 11, 1993 ("Provisional Charges Agreement"); and WHEREAS, the Provisional Charges Agreement committed the parties to seek to negotiate an amendment to the refuse collection Franchise Agreement between the parties covering a number of issues related to the f~nancing of the closure and post-closure maintenance of the Altamont Sanitary Landfill ("Altamont"); and WHEREAS, the Provis~onal Charges Agreement also authorized WMAC to collect Provisional Charges (in the amount of approximately $1.66 per Ton) during the course of these negotiations and to deposit f~nds so collected in an interest bearing Escrow Account; and WHEREAS, the Provisional Charges Agreement contemplated that negotiations would result in a definitive agreement being concluded by November 1, 1993 and, provided for the disposition of 137153.4 Dcctlllbcr 13, 1993 the funds in the Escrow Account on that date if no agreement was reached; and WHEREAS, the parties have, through their representatives, met, exchanged information, and negotiated in good faith, but have been unable to resolve all issues. As a result, a definitive agreement am~nding the Franchise Agreement to address closure and post-Closure maintenance of Altamont has not been executed; and WHEREAS, the parties believe it is in their best interests to allow a further, but limited, periOd of time within which to conclude the negotiations and, if possible, execute a definitive agreement; and WHEREAS, the parties therefore wish to extend the term of the Provisional Charges Agreement. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: Section 1. Extension of Provisional Charges Agreement The parties agree to extend the term of the Provisional Charges Agreement until March 31, 1994. To effect this extension, the reference to "November 1, 1993" in Section 2(C) of the Provisional Charges Agreement is amended to read "March 31, 1994.11 All references in the Provisional Charges Agreement to the IIDesignated Amendment Completion Datell shall be understood to mean March 31, 1994. The parties agree to continue to seek to negotiate in good faith an amendment to the Franchise Agreement that will address the issues listed in Section 2 of the Provisional Charges Agreement. 137153.-4 -2- Deeemher 13, 1993 section 2 WMAC will continue to be authorized to charge ratepayers provisional charges in the amounts set forth in Schedule A to the Provisional Charges Agreement through March 31, 1994, which amount will continue to be calculated as $1.66 per Ton. WMAC shall continue to deposit all sums so collected in the Escrow Account. section 3 All other terms and conditions of the Provisional Charges Agreement shall continue in full force and effect, except as amended by section 1 hereof, and shall apply to the extended term and to the interpretation and enforcement of this Extension Agreement. IN WITNESS WHEREOF, the parties hereto have executed this Extension Agreement as of the date first above written. CITY OF DUBLIN Attest: By: City Clerk Its: INC. Its: ,:".-..- 6>/-=:/..;' -i ""... .F~.... 'C , ,," I {.// 137153.4 -3- December 13, 1993 RESOLUTION NO. -95 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN EXTENDING THE TERM OF A PROVISIONAL AGREEMENT AND AMENDING THE RATE COLLECTED FOR CLOSURE POST CLOSURE EXPENSES ASSOCIATED WITH THE AL T AMONT LANDFILL WHEREAS, on January 11, 1993 the City Council adopted Resolution No. 14-93, authorizing an agreement with Oakland Scavenger Company (now called Waste Management of Alameda County); and WHEREAS, on January 10, 1994 the City Council adopted Resolution No. 8-94 which extended the negotiating period to March 31, 1994; and WHEREAS, an amendment has been prepared which will provide a further extension from April 1, 1994 through March 31, 1996: and WHEREAS, the amendment also provides updated cost factors for the portion of the provisional rate increase which will become effective January 1, 1995. NOW, THEREFORE, BE IT RESOLVED THAT the City Council of the City of Dublin, does hereby authorize the Mayor to execute the amendment, attached hereto as Exhibit A and by reference made a part hereof. PASSED, APPROVED, AND ADOPTED this 13th day of February, 1995. AYES: NOES: ABSENT: Mayor ATTEST: City Clerk Page 1 EXHIOIT ~ T-"' __~__~ ",,-,,~"; CITY OF DUBLIN HISTORICAL GARBAGE RATES RESIDENTIAL (Monthly Rates) 1 Can Customer % Chan~e 2 Can Customer % Chan~e July 1990 (Curbside Recycling Initiated) $ 7.15 January 1991 $ 8.55 January 1992 $ 7.90 January 1993 (1) $ 8.00 (4) January 1994 (2) $ 8.63 (4) January 1995 (3) $10.27 (4) (Proposed) $ 11.10 19.6% $ 14.75 32.9% <7.6>% $14.20 <3.7>% 1.3 % $ 13.60 <4.2>% 7.9% $ 14.58 7.2% 19.0% $ 17.95 23.1 % Residential Notes: (1) The cost to the customer was actually reduced by a City subsidy. The City provided residential customers with a one-time $8.04 credit of Measure D funds to off-set the cost of the Curbside Recycling Program in the first half of 1993. (2) The cost paid by the customer was impacted by the City subsidizing the Curbside Recycling Program Cost beginning July 1, 1994. Measure D Funds were used to pay $0.52 of the rate from July- December. (3) Beginning January 1, 1995 the adopted City Budget allows for the Curbside Recycling Program cost to be subsidized at the rate of$0.55 per month. (4) Effective July 1, 1993 the City established a program requiring mandatory residential garbage service, with the fees collected as part of the Property Tax bill. Since these fees are collected on a fiscal year basis the amount paid by a customer will not equal exactly 12 times the monthly rate. The fees collected on the Property Tax Bills are established to cover delinquencies and collection costs. Any excess monies are utilized to off-set program costs in the following year. Typically the Council will consider the Fiscal Year Fee in June or July to allow it to be added to the County Tax Roll. MONTHL Y COMMERCIAL RATES 1995 With 1991 1992 1993 1994 Retro 1 Yard- l/wk $ 37.90 $ 27.70 $ 24.1 0 $ 25.40 $ 29.45 1 Yard- 2/wk 75.85 60.95 54.25 57.15 66.15 2 Yard- l/wk 67.55 55.40 48.20 50.80 59.90 2 Yard- 2/wk 121.25 116.35 102.45 107.95 125.05 3 Yard- l/wk 95.15 83.10 72.30 76.20 88.35 3 Yard- 2/wk 175.75 171.75 150.65 158.75 183.95 4 Yard- l/wk 125.20 110.80 96.40 101.60 119.80 4 Yard- 2/wk 232.65 227.15 198.85 209.55 242.85 DROP BOX RATES 30 Yard $186.00 $197.55 $198.05 $241.50 $296.70 (02/08/95 12:25 PM) EXHIBIT 4 TRI-VALLEY GARBAGE RATE COMPARISON COMMERCIAL/DROP BOX RATES (Prepared January 1995) :::::~:~:~:::~:~::::::::::::::::::;;:~:~::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::\:::::::;(.. .................................. ....... .........:::::::::::::.:.:.:.:.;:::::::::::::::: .. ..................... PBQPQSED.......... _ IE::::~~:;5 Monthly Rates 1 yd - 1/Week 1 yd - 2/Week 2 yd - 1/Week 2 yd - 2/Week 3 yd - I/Week 3 yd - 2/Week 4 yd - 1/Week 4 yd - 2/Week $33.45 $71.60 $135.93 $29.45 80.80 129.50 234.04 66.15 66.90 143.12 218.67 59.90 147.70 258.91 429.07 125.05 100.35 204.49 308.50 88.35 214.60 378.17 618.19 183.95 133.80 266.24 399.52 119.80 281.50 497.82 806.12 242.85 (Note: These categories represent 79% of all commercial accounts in the City of Dublin) ..~.::llp...ii1::::::::::::::::::::::::::::::::::::::::::::::::::: (Assume 7 Day Rental) 20 yd $189.62 $292.40 $466.89 $197.80 30 yd loose 273.12 407.1 0 699.74 296.70 30 yd compacted 546.24 807.90 1399.48 593.40 Residential Drop Box! Handy Hauler (4 cubic yds) $49.73 $75.51 $75.00 $52.50 *Surcharge will be collected for all billings February 1995 through December 1995. Finallce\ana/ys;slgarbrana 02108195/2:44 PM EXHIBIT 5 i_ Number of Curbside Clean-Ups: 11~G\1~tt#nersl Monthly Cost: Annual Cost Per Gal of Capacity: (weekly garbage + Green Waste only) 1.7C~k1w;(qm~ml Monthly Cost: Annual Cost Per Gal of Capacity: (weekly garbage + Green Waste only) Special Conditions: TRI-VALLEY GARBAGE RATE COMPARISON RESIDENTIAL RATES (Prepared January 1995) 11111111111111111111..111 ::::::::IIIIIIIIIIIIIIIIIII.lllill:lllli::: ::!III:lllllllllii:ili}tl!I!I}::ii::illillil~.jll'lllliil!!i!I!I!lil!li1ii Includes 1995 Retroactive Surcharge 4 2* 4 3 $9.64 $11.88 (30 gallon) $15.70 $10.27 2.9t/gallon 9.1t/gal1on 3.0t/gal1on 7.4t/gallon $17.99 $18.93 (60 or 90 gal.) $18.80 (64 gallon) $17.95* 3.8t/gallon 4.9t/gallon 2.8t/gallon 6.5t/gallon 1) Biweekly 1) Automated I) Weekly Green 1) Backyard Service Green Waste Curbside Waste (90 gallon) (90 gallon) 2) Curbside Recycling 2) Transfer Station 2) Automated 2) Backyard Service Curbside 3) *Plus one day 3) Curbside Recycling where garden 3) Curbside trimmings can Recycling be hauled by resident to Transfer Station *Surcharge applies to services billed April 1995 through December 1995. JI"""celana/y.'i.<lgarhran2.doc 0]/08195 J ]:44 PM EXHIBIT 6 RESOLUTION NO. - 95 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN *************************** AMENDING SCHEDULE OF SERVICE RATES FOR SOLID WASTE COLLECTIONI ESTABLISHING A MINIMUM SERVICE LEVEL FOR RESIDENTIAL CUSTOMERS AND DESIGNATING THE POINT OF COLLECTION FOR SINGLE FAMILY COLLECTION WHEREAS, the City of Dublin adopted on January 10, 1994 Resolution No. 9-94 which established garbage service rates in accordance with the 1994 Rate Application; and WHEREAS, on June 27, 1994 the City Council adopted Resolution No. 63-94 which made adjustments to the Multi-Family Recycling Program Fee; and WHEREAS, a notice announcing a public hearing on the proposed 1995 rate adjustment has been published on February 3, 1995 and February 8, 1995, as required by the Government Code; and WHEREAS, Oakland Scavenger Company (OSC) [now called Waste Management of Alameda County (WMAC)] has submitted a 1995 rate application to the Joint Refuse Rate Review Committee (JRRRC) in accordance with the franchise agreement between the City and OSC; and WHEREAS, the JRRRC has recommended rate adjustments based upon jurisdictional cost of service in a report dated December 7, 1994; and WHEREAS, the JRRRC has submitted a rationale in the 1995 report substantiating an adjustment to the Regulated Profit Methodology; and WHEREAS, in accordance with Section VI of an agreement dated April 24, 1990 between the City, OSC and Livermore Dublin Disposal, certain charges for curbside recycling are allowed; and WHEREAS, in accordance with the Curbside Recycling Agreement, beginning in January of 1995, the Company is authorized to collect $1.40 per month per household for the curbside recycling service; and WHEREAS, the City Council has conducted a public hearing on the matter on February 13,1995;and WHEREAS, the Solid Waste Ordinance and Agreement regarding Waste Collection and Disposal require the City Council to designate a rate schedule and point of collection for single family residences, NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby resolve as follows: 1. The Rate Schedule attached hereto, marked "Exhibit A" and by reference made a part hereof, shall be the official rate schedule until further rescinded or amended. EXHIBIT =r- 2. Beginning January 1, 1995, the cost for curbside recycling collection shall be $1.40 per month per residence. This charge shall be included in the base level of service for residences as shown in Exhibit A. 3. As described above, this rate revision is based upon the recommendation of the Joint Refuse Rate Review Committee findings in the review of Waste Management of Alameda County's 1995 Rate Application (dated December 7, 1994). 4. The action described in number 3 above applies only to the rate application information for 1995 and the Company shall post appropriate changes to the Balancing Account once the final figures for 1995 are known. 5. The City Council of the City of Dublin supports the inclusion of necessary funds in OSC's rate application to fund the operations of the JRRRC in 1995. 6. Said rates are in accordance with the City of Dublin Solid Waste Management Ordinance and the Agreement between the City of Dublin and Oakland Scavenger Company, 7. The content of this Resolution shall supersede Resolution 63-94 adopted the 27th day of June, 1994. PASSED, APPROVED AND ADOPTED this th day of AYES: ,1995. NOES: ABSENT: Mayor ATTEST: City Clerk PSRllss g:agenda/resos.Garb95 EXHIBIT A CITY OF DUBLIN RATES FOR GARBAGE COLLECTION & DISPOSAL SERVICES CONDUCTED PURSUANT TO A FRANCHISE AGREEMENT BETWEEN THE CITY OF DUBLIN AND OAKLAND SCAVENGER COMPANY [Now Called Waste Management of Alameda County] EFFECTIVE DATE The rates shown for the collection of refuse within the City of Dublin are effective as stated within each section of this Exhibit. All retroactive surcharges shall cease effective January 1, 1996. I. RESIDENTIAL SERVICE A. Minimum Residential Collection Cost Minimum residential service shall apply separately to each unit within a duplex or other attached housing, which receives individual garbage collection services. The rates shown below shall apply to the initial can of service and include once per week collection and disposal of the standard sized. container. Additional services described in Section IV are also provided as part of the minimum service. The rate shown includes $1.40 (one dollar and forty cents) charge for weekly Curbside Recycling. 32 gallon container (Standard Container) Monthly Cost $ 10.27 B. Payment and Billing for Minimum Residential Service City shall make arrangements to collect assessments on the property tax bill for all services identified in Section A above. Further, payment for said services shall be made to Company by City pursuant to agreements and ordinances regulating solid waste collection. City may subsidize the Curbside Recycling Program with Measure D funds. c. Addjtional Container Collection Costs Once per week collection of each additional container beyond service provided under "(A)" above. The Total Rates shall be effective for all services billed from April 1, 1995 through December 31, 1995. As of January 1, 1996, the Company shall only be authorized to collect the amount shown in the Base Rate Column. 32 gallon container (Standard Container) Base Rate $ 7.25 1995 Surcharge $0.43 Total $7.68 D. Special Services Large accumulations: Special Pick-ups: $9.75 per cubic yard $12.00 minimum per pick-up [II. DESIGNATION OF POINT OF COLLECTION For Single Family Residential Service, the above rates shall be for "back yard service" for regular garbage service. The term "back yard service" shall mean the container{s} shall be on the outside of and in close proximity to the structure being served, and at a location which is the customer I s option. Padlocks or other devices which deny the Collector reasonable access will reliEve said collector from responsibility of such collection. The Curbside Residential Recycling Program requires that containers be placed in location which can be easily seen and readily accessible, within five feet from the curb. -1- ADDITIONAL SERVICES PROVIDED IN RATES The above rates shall include four (4) annual residential cleanups. Dates of said cleanups shall be at the discretion of the City upon reasonable notice to the Company. The r~les regulating the special cleanup shall be approved by the Contractor and the Director. The Contractor shall separately account for costs associated with this service and report information as requested by the City. COMMERCIAL AND MULTIFAMILY BIN SERVICE A. The following rates include collection, disposal, and bin rental at commercial establishments and multifamily projects serviced by centralized bins. The rates shown are for a monthly period. All charges are based upon bins being filled no higher than water level. The Total Rates shall be effective for all billings issued from February 1, 1995 through December 31, 1995. As of January 1, 1996, the Company shall only be authorized to collect the rates shown in the Base Rate Column. Excess rate for waste which exceeds water level: $9.75 per yard. COMMERCIAL RATE /CUBIC YD $28.95 Frequency Factor $7.25 PROPOSED Base Retroactive 1995 Rate Size/#Y ARDS # TimeslWk Monthly Rate Surcharge Total Per Month 1 1 $28.95 $0.50 $29.45 1 2 $65.15 $1.00. $66. 15 1 3 $101.35 $1.50 $102.85 1 4 $137.55 $2.00 $139.55 1 5 $173.75 $2.50 $176.25 2 1 $57~90 $1.00 $58.90 2 2 $123.05 $2.00 $125.05 2 3 $188.20 $3.00 $191.20 2 4 $253.35 $4.00 $257.35 2 5 $318.50 $5.00 $323.50 3 1 $86.85 $1.50 $88.35 3 2 $180.95 $3.00 $183.95 3 3 $275.05 $4.50 $279.55 3 4 $369.15 $6.00 $375.15 3 5 $463.25 $7.50 $470.75 4 1 $115.80 $2.00 $117.80 4 2 $238.85 $4.00 $242.85 4 3 $361.90 $6.00 $367.90 4 4 $484.95 $8.00 $492.95 4 5 $608.00 $10.00 $618.00 6 1 $173.70 $3.00 $176.70 6 2 $354.65 $6.00 $360.65 6 3 $535.60 $9.00 $544.60 6 4 $716.55 $12.00 $728.55 6 5 $897.50 $15.00 $912.50 7 1 $202.65 $3.50 $206.15 7 2 $412.55 $7.00 $419.55 7 3 $622.45 $10.50 $632.95 7 4 $832.35 $14.00 $846.35 7 5 $1,042.25 $17.50 $1,059.75 -2- B. Commercial Can Service Commercial basis shall size of the February 1, locations subscribing to service on a per container be charged the following monthly rates according to the container serviced. The following rates are effective 1995: 32 Gallon container (Standard Container) 40 Gallon container (Oversized Cont~iner) 45 Gallon container (Oversized Container) 48 Gallon container (Oversized Container) Monthly Cost $ 8.75 $10.80 $12.15 $13.00 C. Multi-Family Recycling Service Multi-Family Rates for Recycling are charged by the Company on the number of units located in the complex. (The City may subsidize this rate with Measure D Funds.) Monthly Cost $1. 28 per unit I . HANDY HAULER The following rates apply to the collection of a 4 cubic yard Handy Hauler Collection Bin, and are effective February 1, 1995. Total Cost for Placement, One Week Bin Rental & Disposal of Container filled no higher than water level $52.50 Rental Cost beyond first week $10.00 per week Cost for Additional Dump $39.00 Excess Charge for Bin Filled higher than water level $9.75 per yard 'I I. DROP BOX The following rates shall be charged for drop box services rendered. The cost shall be on a per pick-up basis and costs are based upon the load not exceeding the water level. Certain miscellaneous charges as noted in subsection (H) may also apply. The "Total Rates" shown shall be effective for all billings issued from February 1, 1995 through December 31, 1995. As of January 1, 1996, the Company shall only be authorized to collect the rates shown in the "Base Rate" Column. A. 6 Cubic Yard Container (Dirt/Rock/Debris) The pick-up cost of this container shall be the same as the 14 yard container due to the weight accommodated. Bas..e. 1995 Surcharge $0.14/yd Total $136.50 $1. 96 $138.46 B. 14 Cubic Yard Container Base = $9.75/cubic yard $136.50 $1. 96 $138.46 C. 20 Cubic Yard Container Base = $9.75/cubic yard $195.00 $2.80 $197.80 D. 30 Cubic Yard Container Base = $9.75/cubic yard $292.50 $4.20 $296.70 E. 40 Cubic Yard container Base = $9.75/cubic yard $390.00 $5.60 $395.60 -3- F. Excess Rate Per Yard If container loaded above water level $9.75 per cubic yard G. Compacted Rate Per Yard For service and collection of compacted materials, the total rate shall include cubic yard rate. $19.50 per cubic yard H. MiscelJaneous Charges The following charges are in addition to the container charges described above. 1. Flasher Charge $10.55 PER PLACEMENT 2. Initial Placement Charge $23.00 3. Weekly Container Rental Fee Beyond 1st Week $11.90* 4. Daily container Rental Fee After First Week $1.70/day* 5. Stand-by Time $77.00 per hour 6 . Relocation Fee $31.50 per request 7 . Cancellation of Automatic Collection at End of Rental Period $41.90 *Note: This charge is waived if the following service frequency is maintained: Service Level 6 yard/14 yard/20 yard 30 yard 40 yard Frequency 4 pulls/month 3 pulls/month 2 pulls/month a:exbtaga2.doc -4-