File #: 15-011    Version: 1 Name: Resolution to Approve the 11th Amendment to the Franchise Agreement between the City of San Leandro, and ACI, Inc.
Type: Resolution - Council Status: Passed
In control: City Council
Meeting Date: 1/20/2015 Final action: 1/20/2015
Enactment date: 1/20/2015 Enactment #: Reso 2015-010
Title: RESOLUTION Approving 11th Amendment to Alameda County Industries (ACI), Inc.'s Franchise Agreement to Ratify a 4.01% Refuse Collection Rate Increase Effective February 1, 2015 and to Approve an Advance of $1,109,706.74 to ACI from General Fund Reserves with Simple Interest at 2.5% per Annum to Be Repaid in 40 Quarterly Installments Each in the Amount of $31,441.00 with a Final Payment Due July 1, 2025
Sponsors: Rich Pio Roda
Attachments: 1. Eleventh Amendment 010815.pdf
Related files: 15-010
Title
RESOLUTION Approving 11th Amendment to Alameda County Industries (ACI), Inc.'s Franchise Agreement to Ratify a 4.01% Refuse Collection Rate Increase Effective February 1, 2015 and to Approve an Advance of $1,109,706.74 to ACI from General Fund Reserves with Simple Interest at 2.5% per Annum to Be Repaid in 40 Quarterly Installments Each in the Amount of $31,441.00 with a Final Payment Due July 1, 2025
 
Body
WHEREAS, an 11th Amendment to the Franchise Agreement between the City of San Leandro and Alameda County Industries (ACI), Inc., a copy of which is attached, has been presented to this City Council; and
 
WHEREAS, the City Council is familiar with the contents thereof; and
 
WHEREAS, the City Manager recommends approval of said agreement.
 
NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows:
 
That said 11th Amendment is hereby approved and execution by the City Manager is hereby authorized.