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FUNDING: <br /> This type of service agreement is unique for SWDD wherein we seek revenues from recyclables <br /> generated in Indian River County based on an Average Market Value basis less contractor's cost for <br /> transportation, processing, and profit share with allowance for them to carry a negative balance. The <br /> net revenue received by SWDD will fluctuate based upon the market prices of the various recyclables. <br /> Based on the current market prices and the expected increase in tons of single stream recyclables in <br /> Indian River County, it is anticipated that this agreement will provide a nominal amount of revenues <br /> per year. If market rates increase to the levels from 2 years ago,this would be an AMV of approximately <br /> $130/ton with an average monthly revenues of$42,582 using a 50%increase in tonnage from 900 tons <br /> to 1,350 tons for going from dual-stream to single stream recycling. As a comparison, SWDD received <br /> revenues for our dual-stream recyclables of about$47,658. The proposed agreement will continue to <br /> provide revenues in a positive market and not result in a direct net cost to SWDD in a negative market. <br /> This is in contrast to other options in the market now which may result in a net cost to SWDD. The <br /> recycling revenues in FY2012/13 were$575,064 compared to$415,459 in FY2013/14 and are currently <br /> at$253,218 through June 2015 in FY2014/15. <br /> RECOMMENDATION: <br /> Staff is recommending the following to the SWDD Board: <br /> 1. Approve and authorize the Chairman to sign the First Amendment to and Assignment of <br /> Recyclables Transfer, Processing and Marketing Services Agreement and Estoppel between <br /> SWDD, ReCommunity and Tropical Recycling. <br /> ATTACHMENT: <br /> 1. First Amendment to and Assignment of Recyclables Transfer, Processing and Marketing <br /> Services Agreement and Estoppel <br /> APPROVED FOR AGENDA: Indian River Co. Approved Date <br /> By: <br /> f Administration , 9 <br /> Josep A. Baird, County Administrator Legal S <br /> F � Budget g <br /> ,:�'Datd <br /> SWDD g 1 <br /> SWDD-Finance (5 <br /> Purchasing Qi -710 <br /> SWDD Agenda-Single Stream Recyclables Transfer,Processing and Marketing Agreement Update Page 3 of 3 <br /> 224 <br />