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HomeMy WebLinkAbout1/21/2025 Item 6b, Floyd and Buckingham - Staff Agenda CorrespondenceCity of San Luis Obispo, Council Memorandum City of San Luis Obispo Council Agenda Correspondence DATE: January 21, 2025 TO: Mayor and Council FROM: Aaron Floyd, Utilities Director PREPARED BY: Meg Buckingham, Solid Waste and Recycling Program Manager VIA: Whitney McDonald, City Manager SUBJECT: ITEM 6b - NOTICE OF INTENT TO RESTATE THE SOLID WASTE, RECYCLING, AND ORGANICS FRANCHISE AGREEMENTS AND REVIEW THE PROPOSED 2025 SOLID WASTE RATES Staff received the following questions, regarding the proposed adjustment to integrated solid waste rates. The questions are below with staff’s response shown in italics: 1) On page 431 of the packet, it says, “The rate adjustment for Jan 1, 2026 is not expected to exceed 8% and rate adjustment for Jan 1, 2027, 2028 and 2029 are not expected to exceed 7%.” Can you explain in greater detail the “not to exceed” rate of 8% for 2026? (Especially as it relates to the current 2025 increase of 7.98%.) During rate adjustment negotiations, the garbage company expressed concerns that implementing commercial bin recycling charges in 2025 could lead to significant downsizing of customer container sizes as a means to offset the new costs. City staff committed to meeting with the garbage company a few months after the proposed changes would take effect to assess the impacts. If the revenue loss proves substantial, the City may agree to allow the garbage company to conduct a revenue reconciliation exercise for the January 1, 2026, rate adjustment. The eight percent calculation is not a projection but rather a parameter if all rate adjustment factors meet their maximum level for the next rate adjustment. These estimated factors assume a five percent increase tied to the capped Consumer Price Index, a rise in the profit allowance from nine to ten percent, and a majority of commercial customers enrolled in bin recycling downsizing their collection services (60 percent of customers downsizing was used for calculation purposes). Similar calculations were completed for the interim years 2027, 2028, and 2029, with rate adjustments not exceeding seven percent if all maximum metrics are realized. Having adequate trash, recycling, and organics services is mandated on a state and local level to protect public health and safety. To support compliance, the garbage company will partner with the City to ensure that downsizing requests are justified based on actual waste generation.