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CERTAIN RELATED ACTIONS IN CONNECTION WITH A SOLID WASTE FACILITY <br /> PROJECT FINANCING <br /> Mayor Foust announced that each speaker would be given 10 minutes each for <br /> their presentations and public comment would then follow. <br /> Mr. Ponty, Finance Director, gave an introduction, which included single stream <br /> recycling, the refinance of bonds issued in 2007, and the Joint Powers Authority <br /> (JPA). He then introduced Mr. Hilary Gans, Facility and Contracts Manager of <br /> South Bayside Water Management Authority (SBWMA) (presentation on file). <br /> Mr. Gans continued the presentation by reviewing the properties owned by <br /> SBWMA, the Shoreway Recycling and Disposal Center (SRDC), the process of <br /> collection to either landfill or recycling, and how updating the old and inefficient <br /> building and equipment are needed to handle anticipated volumes, improving <br /> customer service levels, decreasing wait time, and handling the increasing needs <br /> for recycling. <br /> Mr. Ponty estimated the current cost as of June is $53.9 million with a <br /> recommended 10 percent for project contingency. He stated that there are two <br /> finance plan goals: to provide sufficient funding for SRDC improvements and to <br /> refund the bonds with taxable bonds under treasury guidelines. <br /> Mayor Foust asked for any questions from Council. There were no questions. <br /> Mayor Foust then asked for public comment. There were no public comments. <br /> Council discussion and questions included doubling the public access dumping <br /> area, cost containment in construction and bid process, options available for <br /> community members who anticipate a lot more recycling and may not need 32 <br /> gallon container, and writing the specification clearly, especially regarding bay <br /> mud. <br /> Mr. Gans acknowledged that they are trying to keep costs down and that people <br /> use the dumping area a lot. <br /> Mr. Ponty confirmed that he and the entire Board recommend approval, the City is <br /> one of the co-owners of SBWMA, and that whoever is the contractor will report <br /> directly and indirectly to the Board and to the City. <br /> Council recessed from 8:50 pm to 9:05 pm. City Council Meeting resumed. <br /> M/S Hartnett/Ira to approve staff recommendation. Motion carries unanimously by roll <br /> call vote with all Council Members present. <br /> B. Franchise Agreement for Solid Waste, Recyclable Material and Organic Material <br /> Collection Services in Redwood City. (301) <br /> REGULAR CITY COUNCIL MEETING SEPTEMBER 8, 2008 <br /> MINUTES PAGE 8 <br /> MINUTE BOOK NO. 62 <br /> Page No. 223 <br />