File #: 19-0082    Name: Waste Connections CPI Adjustment
Type: Resolution Status: Approved
In control: City Council Regular Meeting
On agenda: 2/5/2019 Final action: 2/5/2019
Title: Consider/Discuss/Act on a Resolution Authorizing an Adjustment to the Solid Waste Contract with Waste Connections Inc.
Attachments: 1. Resolution, 2. Solid Waste Rates 2019, 3. Waste Connections Rate Increase Request 2019, 4. 2008 IESI License Agreement, 5. 2013 IESI License Amendment

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:                     February 5, 2019

 

DEPARTMENT:                      Financial Services

 

CONTACT:                       Steve Tilton, Assistant City Manager

                     Mark Holloway, Chief Financial Officer

 

RECOMMENDED CITY COUNCIL ACTION: Approve Resolution

 

ITEM SUMMARY: 

•                     Provides for the FY19 CPI increase (2.18%) 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 January 2019.

•                     Waste Connections Inc. has demonstrated the need for the CPI increase.                      

 

FINANCIAL SUMMARY:

•                     These adjustments will have no impact on the FY19 solid waste charge for residential or commercial customers.

 

BOARD OR COMMISSION RECOMMENDATION:   N/A