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Director Mehta reported that a third parry verification company had reviewed the <br />County's records, flow rates, and emissions offsets. This verification proved that the County <br />would have the ability to sell about 19,000 metric tons of CO2. He said that the market rate of <br />$7.40 per offset could bring the County a net revenue of about $90,000.00, and by the year 2010, <br />with about 160,000 metric tons of CO2, this process could net between $350,000 and $700,000. <br />Director Mehta told how staff has been considering other ways to earn money with the <br />methane gas, including a process that converts it to energy so it can be sold as electricity. <br />MOTION WAS MADE by Commissioner Flescher, <br />SECONDED by Commissioner Wheeler, to authorize: <br />(1) the County Administrator to execute the verifier report; <br />(2) the County Administrator to execute further documents <br />to the extent needed to facilitate the transfer and sale of the <br />offsets upon review and approval by all appropriate staff; <br />and (3) the Chairman to execute the sale contract with <br />Geosyntec Consultants, Inc. for exchange of landfill <br />methane emission offsets with direction to sell the market <br />day following the deposit of emission offsets by CCX into <br />Geosyntec's account, as recommended in the memorandum <br />of May 27, 2008. <br />Under discussion, Commissioner Flescher supported staff's recommendation; however, <br />he urged Director Mehta to go beyond selling it on the exchange. He wanted to see the methane <br />gas harnessed and used for energy within the County. <br />June 10, 2008 <br />S.W.D.D. 2 <br />