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Approving the use of the special revenue fund for smoothing of garbage rates would provide the City Council a useful tool to offset significant increases to garbage rates for rate payers. Landfill related issues. The City of Pleasanton and PGS entered into an agreement on February 3, 1987, approving an expenditure of funds to close a former landfill located at 2512 Vineyard Avenue in Pleasanton. A First and Second Amendment to the agreement was completed on August 10, 2005, and remains in effect. The agreement allows costs exceeding $10,000 for studies, monitoring and other purposes related to the closure of the landfill to be recoverable from the rate payers. Additionally, costs related to the mitigation of methane gas migration from the landfill site may also be passed onto the rate payer. The Old Pleasanton Landfill requires ongoing monitoring and mitigation efforts. In the current agreement$132,882 is allocated annually for PGS to maintain and monitor the closed landfill site. Any costs exceeding this annual allocation may be passed onto the rate payer. The use of the special revenue fund for additional costs related to increased landfill maintenance and monitoring costs would prevent passing these costs to the rate payers through garbage rates. The policy direction sought by the City Council is to approve the proposed allocation plan for the $3,438,201 currently in Fund 171 PGS Reserve Fund to be used for new waste and recycling costs as it relates to, implementation of State law SB 1383, street maintenance costs, smoothing garbage rates, and landfill related issues. If the City Council approves the plan, Fund 171 PGS Reserve Fund will be renamed to denote the special revenue fund's purpose to Waste and Recycling Reserve Fund. Expenses will be allocated to this fund beginning in Fiscal Year 2022/2023 and are included in the Mid-Term budget adjustments. Submitted by: Fiscal Review: Approved by: &a,ct A44.� �f Becky Hopkins Mahin Shah Brian Dolan Assistant to the City Manager Interim Director of Finance Interim City Manager Page 4 of 4