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2019-109D
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2019-109D
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Last modified
12/27/2019 1:57:21 PM
Creation date
8/29/2019 2:58:52 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Amendment
Approved Date
07/16/2019
Control Number
2019-109D
Agenda Item Number
15.B.5.
Entity Name
Tropical Exchange Corp. dba Tropical Recycling
Subject
Third Amendment to Recyclables Transfer, Processing and Marketing Services Agreement
Area
SWDD
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THIRD AMENDMENT TO <br />RECYCLABLES TRANSFER, PROCESSING & MARKETING SERVICES <br />AGREEMENT <br />THIS THIRD AMENDMENT ("Amendment") to for Recyclables Transfer, Processing & <br />Marketing Services Agreement (the "Agreement"), is made and entered into as of this 16 day of <br />July, 2019, by and between the Indian River County Solid Waste Disposal District, a dependent <br />special district of Indian River County, Florida, whose address is c/o Department of Utility <br />Services, 1801 27th Street, Vero Beach, FL (hereinafter "SWDD") and Tropical Exchange Corp., <br />a Florida Corporation, d/b/a Tropical Recycling, 2625 Electronics Way, West Palm Beach, FL, <br />33407 (hereinafter "Tropical" or the "Processor"). <br />WHEREAS, on August 21, 2012, SWDD and ReCommunity entered into the Agreement; <br />and <br />WHEREAS, per the First Amendment to and Assignment of Recyclables Transfer, <br />Processing & Marketing Services Agreement ("First Amendment"), dated July 14, 2015, <br />ReCommunity assigned the Agreement to Tropical with the prior express written consent of <br />SWDD; and <br />WHEREAS, per the Second Amendment to Recyclables Transfer, Processing & <br />Marketing Services Agreement ("Second Amendment"), dated September 18, 2018, SWDD <br />extended a two-year option to the Agreement with Tropical to terminate on August 31, 2022; and <br />WHEREAS, Tropical has been providing Single Stream recycling processing services <br />under the Agreement beginning October 1, 2015; and <br />WHEREAS, Tropical is being paid a Processor's Fee of $88.00/ton and is providing a <br />revenue share of 75.1% for Single Stream recycling under the extended initial term; and <br />WHEREAS, Tropical is compensating SWDD for landfill residue disposal at a rate of <br />$19.08 and landfill cover materials at a rate of $7.00 per ton; and <br />WHEREAS, Tropical has expressed that the contamination rate for the Program <br />Recyclables from Indian River County have exceeded 20%; and <br />Page 1 of 3 <br />
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