Title
Consider/Discuss/Act on a Resolution Authorizing an Adjustment to the Solid Waste Contract with Waste Connections Inc.
Summary
COUNCIL GOAL: Financially Sound Government
MEETING DATE: December 19, 2017
DEPARTMENT: Financial Services
CONTACT: Mark Holloway, Chief Financial Officer
RECOMMENDED CITY COUNCIL ACTION: Approve Resolution
ITEM SUMMARY:
• Provides for the FY18 CPI increase (1.67%) per the existing contract.
BACKGROUND INFORMATION:
• The City of McKinney and Waste Connections (formerly Progressive) 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 April of 2017.
• Waste Connections Inc. has demonstrated the need for the CPI increase.
FINANCIAL SUMMARY:
• These adjustments will have no impact on the FY18 solid waste charge for residential or commercial customers.
BOARD OR COMMISSION RECOMMENDATION: N/A