Proposal

Information

Type: Deliberation

Department: SW - Solid Waste

Directors' Update: Oct. 9, 2019

Business Meeting: Oct. 14, 2019

Summary:

Due to rental market conditions, resolution 11-439 authorized a $12,300 increase in monthly rent for the Central Transfer Station and placed a limitation on the use of the rent increase to future Solid Waste Capital Improvements. That market condition adjustment increased the rent above the bond payment of $38,700 to $51,000 per month. That resolution also placed the excess funds into the Capital Facilities Plan Fund No. 310 rather than into the Solid Waste Fund 401.

This resolution will extend the end date of Resolution 11-439 from 2020 to 2024.

Publications:

Cover Letter To:

Additional Copies To: Steve Skinner, SW Kristen Buckman, SW Rose Williams, SW Robin Saline, PW

Resolution

Wording/In the matter of:

AMENDING THE END DATE OF RESOLUTION 11-439 COMMITTING FUND BALANCE FOR SOLID WASTE CAPITAL IMPROVEMENTS INTO A CAPITAL IMPROVEMENT ACCOUNT WITHIN THE SOLID WASTE FUND 401

Resolution Number: 19-292

WHEREAS, Resolution 11-439 which passed on December 19, 2011 authorized the $12,300 per month increase ($38,700 to $51,000) in rent for the Central Transfer Station charged to Solid Waste Disposal District No. 1 to be transferred into the Capital Facilities Plan Fund No. 310; and

WHEREAS, it appears to be in the best public interest to extend the date of Resolution 11-439 from 2020 to 2024 to accomplish this purpose.

NOW THEREFORE BE IT RESOLVED by the Board of County Commissioners that paragraph six of Resolution 11-439 Committing fund balance for Solid Waste Capital Improvements Capital Facilities Fund No. 310 is hereby amended as follows:

Effective with the increase in the rent charged to the Solid Waste Disposal District No. 1 for the Central Transfer Station by $12,300 from $38,700 to $51,000 per month, the increase in rent is to be transferred into a Capital Reserves Account within Solid Waste Fund 401 and to require those funds and any increase in those funds while deposited in said account to be used to fund future Solid Waste Capital Improvements. The $12,300 difference in monthly rent shall continue to be placed into the Capital Reserve Account until such time as the bond is paid off in 2024. After the bonds are fully paid the entire monthly rent will be placed in the Solid Waste Capital Improvement Fund..

DONE IN OPEN SESSION this 14th day of October, 2019.