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FEB 21992 I PUBLIC HEARING - WASTE MANAGEMENT, INC. - Continuation The Board reviewed the following memorandum from the Administrator dated January 28, 1982: TO: The Honorable Members of the DATE: January 28, 1982 FI LE: ,Board of County Commissioners FROM: Neil A. Nelson County Administrator DESCRIPTIONS & CONDITIONS Public Hearing for Waste SUBJECT: Management, Inc. of Florida Transfer of Franchise An application has been received from the Indian River Sanitation Service requesting transfer of their franchise to Waste Management of Florida, Inc. This change of ownership should have no effect on service or rates to current customers. The Indian River Sanitation Service has been in continuous operation since they were granted a Franchise for garbage and trash service in the unincorpora- ted areas of the County on October 3, 1975. Waste Management of Florida, Inc. is a subsidiary of Waste Management, Inc. the world's largest solid and Chemical Waste Management firm with revenues of $656,000,000.00 in 1980. Waste Management, Inc. operates or has subsidiares operating in over fifty (50) local governments in Florida. Public Hearings were held December 16, 1981 and January 13, 1982. The issues were tabled at both hearings due to insufficient information and the desire of the Board for investigation of some allegations made by members of the audience. ALTERNATIVES & ANALYSIS . Waste Management and Indian River Sanitation have furnished all informa- tion requested by the staff. This material has been reviewed and meets with general approval. The staff's requested information is as follows: Financial information for Waste Management,*Inc. of Florida rather than Waste Management, Inc., a list of litigation now pending, and a copy of the company's latest audit report and the 10K filed with the Securities Exchange Commission a listing of all local governments in Florida where they perform services. Indian River Sanitation Service furnished a copy of their financial statement, and a copy of the purchase agreement. (This information was furnished for the Public Hearings). Harris Sanitation, a company owned by Waste Management, Inc. (800 N.W. 62nd Street, Ft. Lauderdale, Fl 33309) has applied for a franchise on tao previous occasions. These applications were denied by the Board of County Commissioners on both occasions (Aug. 20, 1975 and Feb. 11, 1981). A copy of the minutes of those meetings was included in the back-up material for the December Public Hearings. The Public Hearings regarding the transfer of franchise ended without a decision. Information requested has been obtained and is included, with a copy of the minutes of the December 16, 1981 in the back-up material. 28