Title
Consider/Discuss/Act on a Resolution Authorizing an Adjustment to the Solid Waste Contract with Progressive Waste Solutions of Texas, Inc.
Summary
COUNCIL GOAL: Financially Sound Government
MEETING DATE: September 20, 2016
DEPARTMENT: Financial Services
CONTACT: Mark Holloway, Interim Chief Financial Officer
RECOMMENDED CITY COUNCIL ACTION: Approve Resolution
ITEM SUMMARY:
• Provides for the FY17 CPI increase (0.48%) per the existing contract.
BACKGROUND INFORMATION:
• The City of McKinney and Progressive (formerly IESI) entered into a contract in 1996 for solid waste collections. This contract was amended in 2005 to include recycling services.
• The contract allows an annual CPI Increase. This was requested during May of 2016.
• Progressive Waste Solutions has demonstrated the need for the CPI increase.
• These adjustments will have no impact on the FY17 solid waste charge for residential or commercial customers.
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION: N/A