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ATLAS <br />O R GA N I C S <br />Dear Himanshu Mehta, <br />156 Magnolia St Suite B <br />Spartanburg, SC 29304 <br />(877)676-7715 <br />info@atlasorganics.net <br />atlasorganics.net <br />Atlas Organics Indian River, LLC would like to formally request a price increase from $11.83/ton for <br />processing of yard waste received at the Yard Waste Facility to $12.18/ton, and from $12.82/ton for <br />transport and recycling of yard waste to $13.20/ton. Additionally, the amount rebated to the County for <br />each ton of overs taken for alternative daily cover would increase from $12.82 to $13.20. The <br />methodology of how Atlas arrived at these values is below: <br />Atlas' contract price for processing yard waste for FY 2022 was $11.83/ton. Atlas is utilizing the Consumer <br />Price Index Historical Tables for South — Consumer Price Index for Urban Wage Earners and Clerical <br />Workers (CPI -W). Using the values for April 2022 and April 2021, Atlas is arriving at a 9.4% increase, <br />multiplied by 75%, arriving at 7.1%. Per Atlas contract with the County, Atlas is allowed a maximum of 3% <br />per year increase. Using this max, Atlas arrived at $12.18/ton for processing. The same methodology was <br />used for the recycling rate and the rebate rate. A table showing this math is below: <br />1/1/2020 6/30/2020 4/30/2020 <br />Starting Price <br />4/30/2021 4/30/2022 <br />Grinding $1L49 $UA9 $11.83 <br />S K <br />Composting.rat_s F a. $12.82 $13.20 <br />Rebate ($12.45) ($12.45) ($12A2)M ($13.20) <br />VallRate Adjustment(96� '= `� �> �� * 3.00% 3.00% <br />�-. t,,rx"4s <br />Consumer Price Index, South Region - - 24114 252.97 276.74 <br />Please let me know if you have any questions concerning the methodology of this adjustment. Atlas looks <br />forward to our continued partnership with the County. <br />Sincerely, <br />Jarrett Bond <br />