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6.C. - Page 26 of 57
<br />Bond Allocation and Defeasance Analysis I December 6, 2019 1 pg 2
<br />processing of recyclables, the expansion and renovation of the transfer station, and the acquisition
<br />of equipment to be utilized in the NIRF.
<br />■ The Series 2019B Bonds were issued to finance certain costs in connection with the construction
<br />of various improvements and acquisition and installation of certain associated equipment,
<br />including MRF equipment improvements, organics -to -energy pilot projects, and other capital
<br />improvements at Shoreway Environmental Center.
<br />Because proceeds from the 5BWNI<-1's outstanding bond obligations have been or are expected to be
<br />directly invested in capital and equipment improvements at the Shoreway Environmental Center, a
<br />reasonable means to allocate such obligations is a Member agency's historical use of the facility --
<br />measured by tonnage. Below is a summary of SBS NL -k total franchise tonnage by Member Agency -
<br />over the last three calendars years. The Town of Atherton's tonnage as a percentage of SBVATL-Vs
<br />total franchise tonnage has remained fairly consistent over the last three calendar years - ranging from
<br />3.2511/u to 3.29%.
<br />SBWNU Total Franchise
<br />Tonnage 13� Member Agency
<br />2016
<br />(Last'l*hrec
<br />Calendar
<br />2017
<br />2018
<br />Total
<br />% of
<br />Total
<br />% of
<br />Total
<br />14 of
<br />Tons
<br />Tn 1
<br />Tons
<br />Total
<br />lam
<br />To al
<br />Member Agency_
<br />Town of Atherton
<br />11,892
<br />3.29%
<br />12,089
<br />3.28%
<br />11,964
<br />3.25%
<br />Cin• of Belmont
<br />17,236
<br />4.760'0
<br />17,624
<br />4,78%
<br />17,189
<br />4.671ro
<br />City rnf Burlingame
<br />41,111
<br />11.36°t,
<br />42,194
<br />11.43%
<br />41,870
<br />11.36%
<br />County Unincorportated
<br />11,103
<br />3.07%
<br />11,356
<br />3.0811!0
<br />11,200
<br />3-04°'o
<br />North lair C)aks
<br />10,651
<br />2.940/a
<br />10,605
<br />2.87/o
<br />10,638
<br />2-890./o
<br />Cin' of Bast Palo .11th
<br />19,208
<br />5.310.'0
<br />19,207
<br />5.21D/o
<br />19,030
<br />5.179/0
<br />City of Foster Cine
<br />20,287
<br />5.610/0
<br />20,837
<br />5.65 10
<br />20,843
<br />5.660'.
<br />Town ofIWlsborou}h
<br />9,837
<br />2.720'o
<br />10,165
<br />2.75%
<br />10,025
<br />2.720'0
<br />Car of Menlo Park
<br />39,515
<br />10.920'.
<br />43,360
<br />11.-}8%
<br />44,251
<br />12.010.,
<br />Redwood Cir-
<br />70,562
<br />19.500
<br />71,057
<br />19.260".
<br />70,558
<br />19.1501.
<br />Cin' of San Carlo,
<br />27,189
<br />7.71" 'o
<br />27,731
<br />7,52%
<br />27,092
<br />7.351'v
<br />Cin, of San Nlatco
<br />77,841
<br />21.5106
<br />78,265
<br />21.211/0
<br />78,320
<br />21.26%
<br />Wcst Bav Sarutanr
<br />5,421 _
<br />1500/0
<br />5,510
<br />1,49%
<br />5,432
<br />1.47%
<br />SBWMA Total
<br />361,854
<br />100.0%
<br />369,000
<br />100.0%
<br />368,413
<br />100.0'%.
<br />SOUrm youth Bm idu Wastc ,11,1migement
<br />1uthority.
<br />Each Member Agency's percentage of total franchise tonnage can be used as a proxy for their
<br />proportional share of SB\X'NL1 obligations under the Joint powers Agreement. Because existing
<br />debts, obligations, and liabilities of the SB\Cl1IA are shared only among the Member agencies, Nve
<br />have focused on franchise tonnage to calculate a Member Agency's proportional share and do not
<br />include non -franchise and general public tonnage as part of the percentage calculus.
<br />p3n11 CLiy Strcct, Suirc 1111111 I Oak Iand, CA 94612 I MIiin 5111-939-8200 I hos 5111-2118-9282
<br />1451 [wail Street, Suitc 2011 I Nercrurt Reach, t:.1 92660 1 %lain 949-346-391111 I Pax 510-2116_µ2H2
<br />5757 W. Centura- Ruulccard. Suite 700 I Los .ingdcs, CA 9111135 I Main 310-349-3911; 1 Fax 510-208-8392
<br />SBWMA BOD PACKET 8/20/2020
<br />AGENDA ITEM: 5A ATTACHMENT 2 - p2
<br />57
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