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lecreased Revenue Share <br />In 2008, Roseville saw a substantial increase in its revenue share for recycled. material, with <br />$134,348.87 going back to the city this year! In th.e first three quarters of 2008, market <br />values soared to new and unfortunately unsustainable heights. These high market values <br />allowed Roseville to benefit from increased revenue share in 2008. However, in the fourth <br />quarter of 2008, the markets began a rather steep correction with the prices paid for recycled <br />material dropping significantly. <br />Even in the current economy there is a bright spot for Roseville's recycling program. <br />Because of the quality of material generated in. Roseville's dual-stream collection program, <br />while even at these low prices other programs are having trouble finding any buyers to take <br />their material and are warehousing it, Roseville's material continues to find buyers. <br />Because of the quality of our material and the deep relationships we have nurtured with our <br />end markets, Eureka Recycling is still able to find buyers for materials collected in Roseville <br />and our other partner cities. This assures that even in a time of recession in the broader <br />economy, Roseville's material continues to be recycled to the highest and best use <br />possible. <br />In addition. to these key highlights, Eureka Recycling continues to provide The City of Roseville <br />with detailed tracking and reporting to help The City meet the goals of its recycling program. <br />This data allows us Co measure progress as we move forward and identify the areas to prioritize as <br />part of our annual work plan.. <br />From our close interaction with. city staff, attendance at neighborhood events, and hundreds of <br />convet:sations with Roseville residents, we can see that Roseville is strongly committed to <br />increasing the environmental benefits of their recycling program. We believe The City is well <br />positioned to implement our recommendations for the 2009 work plan in an effort to further <br />increase its recyc]ing rate in 2009. <br />We look forward to working together with Roseville as we work toward awaste-free tomorrow. <br />If you have any gtiestions, please contact us at (651) 222-7678. <br />Sincerely, <br />~ ~G~ <br />~~ <br />Susan Hubbard <br />CEO and Co-President <br />Tim Brownell <br />COO and Co-President <br />CC: Tim Pratt, Communications Specialist <br />lluane Schwartz, Public Works llirector <br />