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Waste Mgmt – Contract Renewal (July 2022 – June 2028) Financial Aspects of the Contract Renewal: • $232.80 per house effective 7/1/22 ($19.40/month) – Reduction in cost due to automation Garbage • $244.44 per house effective 7/1/23 ($20.37/month) – 5% increase per contract Collection Cost • $256.66 per house effective 7/1/24 ($21.39/month) – 5% increase per contract • $26.64 per house effective 7/1/22 ($2.22/month) – 2.77% increase at contract renewal At‐Your‐Door Cost• $27.97 per house effective 7/1/23 ($2.33/month) – 5% increase per contract • $29.37 per house effective 7/1/24 ($2.45/month) – 5% increase per contract • Based on Blended Value Calculation (example on next slide) – Could be good or bad • Processing Fee is $95/ton Recycling Cost • Residue Fee is $240/ton • Excess Contamination Fee is $275/ton Each July will have an adjustment based on the average fuel price over the 12 months prior • Baseline fuel price of $4.85/gallon Diesel Fuel Cost • Ex. If fuel price goes to an average of $4.35/gallon from 7/1/22 – 6/30/23 Adjustment • Town will receive a $0.50 credit per gallon • In a month where 308 gallons is used, the town would be credited $154. • If the price goes up, the opposite happens, and the town would be charged more Rates change • 5% increase in contract in July 2024 mid‐year • Town needs to budget for 6 months at current rate and 6 months at the anticipated new rate 94