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6.C. - Page 41 of 57 <br />Joe La Mariana, Executive Director <br />Re: Notice of Intent to Withdraw from SBWMA <br />June 29, 2020 <br />Pace 2 <br />knowledge of the project, NHA Advisors has determined that the approximate cost of withdrawal <br />could range from a low of $501,812 to a high of $2'258,883; depending on how one treats the <br />2019 Bonds. community waste demographic, and declining debt service. The Town could also <br />fold in a deduction for overpayment of prior bonds based on its waste generation profile reducing <br />the Town's exit obligation considerably further. The Town is willing to consider a withdrawal <br />cost of $903,623, Scenario #4;, without a deduction for overpayment. This amount is supported <br />by the JPA's financial records, obligations, and the Town's fair share. The Town foresees <br />engagaing in further discussions with SBWMA leadership and staff to agree on a final plan to <br />separate the JPA's assets from the Town's assets. However, the Town is not interested in a <br />protracted exit plan and expects an agreement for exit in a timely fashion. <br />The Town of Atherton thanks you for your assistance and anticipates your response. <br />Sirrerely, <br />George J. Rodericks <br />City Maliager <br />Town of Atherton <br />Attached: NHA Associates Final Report <br />CC: Mona G. Ebrahimi, City Attorney, Town of Atherton <br />1961568? 14537-01H <br />72 <br />