RES 18-1010 - Laserfiche WebLink

RESOLUTION NO. 18-1010 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON APPROVING THE RATE RESERVE AGREEMENT WITH PLEASANTON GARBAGE SERVICE, INC WHEREAS, The City of Pleasanton and Pleasanton Garbage Service, Inc. (PGS) are parties to a Refuse Collection Agreement dated Mary 16, 1989, as amended (the "Current Collection Agreement"), under which PGS has accumulated a franchise rate reserve and certain franchise rate deficits; and WHEREAS, The City Council has approved, and PGS and the City have agreed to execute an Agreement for Solid Waste, Recyclable Materials and Organic Materials Collection Services (the "New Collection Agreement"), which will replace the Current Agreement effective July 1, 2018; and WHEREAS, The City and PGS wish to eliminate the franchise rate reserve and deficits as described in the Rate Reserve Agreement dated March 20, 2018. NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE, AND ORDER THE FOLLOWING: SECTION 1: The City Council approves the Rate Reserve Agreement between the City of Pleasanton and Pleasanton Garbage Service, Inc. a copy of which is attached hereto as Exhibit A. SECTION 2: Authorizes the Mayor to execute the above described agreement, attached as Exhibit A. SECTION 3: This resolution shall become effective immediately upon its passage and adoption. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on March 20, 2018. I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on the 20th day of March 2018, by the following vote: Ayes: Councilmembers Brown, Narum, Olson, Pentin, Mayor Thorne Noes: None Absent: None Abstain: None Karen iaz, City Clerk Dated: � z-J /it APPROVED,AS TO FORM: Daniel G. Sodergre , City Attorney