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So under Eureka Recycl i ng' s revi sed proposal Rosevi I I e woul d conti nue to enj oy favorabl e . f i nanci al terms and envi ronmental benef i ts not provi ded by any other recycl i ng servi ce provi der. . I n r�urn Eureka Recycl i ng i s aski ng for the removal of pri ce f I oors f rom the revenue share . cal cul ati on formul a, and to swi tch the i ndi ces for al umi num and steel f rom the Chi cago mark� . to I ocal mark� pri ci ng ( note that these practi ces have al so been adopted by Waste M anagement � i n i ts new contracts). Those changes woul d take pl ace at the begi nni ng of the month fol I owi ng � approval. � Staff cal cul ates that those changes woul d cost the ci ty about $600 a month i n decre�ased revenue � share under current mark� condi ti ons. I n the unl i kel y scenari o of pri ce col I apse,s, the I oss of the � pri ce f I oor coul d me�an several thousand dol I ars a month i n I ost revenue (see Attachment D). � However, Rosevi I I e wi I I not have to pay out more i n the case of market col I apse. Staff has � proposed a revenue shari ng bank. U nder the bank proposal , up to $20,000 i n revenue woul d be � hel d back by Eureka Recycl i ng. The bank woul d be drawn down to cover any short term I osses � f rom the sal e of recycl abl es. I f we g� to the end of the contract and the bank amount i s negati ve, : Eureka Recycl i ng woul d assume that I oss (for an eacampl e see F�chi bi t B of Attachment E— the : proposed revised contract). A positive balancewould be remitted to the City fol lowi ng the : expi rati on of the contract. : Eureka Recycl i ng and staff concur that by 2012 the roi l ed recycl i ng mark�s wi I I have cal med : and i t wi I I be a better ti me to i ssue an RFP. The Ci ty has i nformed Eureka Recycl i ng that i f a : contract eactensi on i s agreed to, the Ci ty wi I I i ssue an RFP for recycl i ng servi ces i n 2012. : I t i s worth noti ng how Rosevi I I e' s contract wi th Eureka Recycl i ng has been f i nanci al I y : benef i ci al to the Ci ty. Staff esti mated Rosevi I I e woul d e�arn $75,000 a ye�ar i n revenue shari ng or E $375,000 over the I i fe of the contract. Through 2009 Rosevi I I e has made $373,453.28 — meani ng E we have ne�arl y m� our proj ecti on wi th 12 months to go. Thi s revenue share al I owed Rosevi I I e E to hol d off on resi denti al rate i ncreases despi te 2% annual col I ecti on cost i ncreases and a$.30 E per househol d per month i ncr� for weekl y col I ecti on. Eureka Recycl i ng al so purchases 500 E recycl i ng bi ns that are provi ded to resi dents f ree of charge. Thi s benef i t i s uni que to Rosevi I I e. E Rosevi I I e' s processi ng fee.s are the I owest i n the m�ro area and woul d remai n the same duri ng E the terms of the contract eactensi on. E A I so of note are the many ways Rosevi I I e' s contract wi th Eureka Recycl i ng has been E envi ronmental I y benef i ci al to the Ci ty. Eureka Recycl i ng takes more types of materi al than any , other servi ce provi der i n the m�ro area. Eureka Recycl i ng has provi ded uni que educati onal , efforts i ncl udi ng: , • An award wi nni ng Name the Trucks contest , • Publ i c appe�arances , • A nnual Gui de to Recycl i ng mai l ed to resi dents , • Ne�vspaper ads , • Postcards mai l ed to resi dents , • Educati onal taggi ng , • I nformati on hotl i ne servi ced by envi ronmental educators , • Sponsorshi p of Zero Waste events • Partner i n G� Caught Recycl i ng i ni ti ati ve Page 2 of 3