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18b THE CITY OF Em, CITY COUNCIL AGENDA REPORT PLEASANTON. June 20, 2023 City Manager's Office TITLE: ADOPT A RESOLUTION TO DIRECT THAT FUNDS IN THE 35-GALLON RESIDENTIAL CART MIGRATION LIABILITY ACCOUNT HELD BY PLEASANTON GARBAGE SERVICE INC., BE REMITTED TO THE CITY BY SEPTEMBER 30, 2024, AND THOSE FUNDS BE HELD IN THE CITY'S PGS SPECIAL REVEUE RESERVE FUND 171 TO BE USED FOR WASTE AND RECYLING RELATED EXPENSES SUMMARY At a special meeting of the City Council on July 3, 2018, the City Council set and approved the garbage rates for rate period one for the franchise agreement with Pleasanton Garbage Service (PGS) for solid waste, recyclable materials, and organic materials collection services which commenced on July 1, 2018. At that meeting the City Council voted to increase the 35-gallon residential solid waste cart above the original staff recommendation to offset PGS's concerns regarding potential revenue loss due to the migration of residential customers to the smaller cart. This decision resulted in additional revenue, and Council directed City staff to provide to the City Council (at a later date) a recommendation as to how the additional revenue would be allocated. RECOMMENDATION The Waste and Recycling Subcommittee and City staff recommend the City Council adopt a resolution to direct the funds in the 35-gallon residential cart migration liability account held by Pleasanton Garbage Service, Inc., to be remitted to the City by September 30, 2024, and for those funds to be held in the City's PGS special revenue reserve Fund 171 to be used for waste and recycling related expenses. FINANCIAL STATEMENT If the City Council adopts the recommended resolution, the 35-gallon residential cart migration liability account held by PGS will continue to accrue through June 30, 2024, and the entire amount will be remitted to the City no later than September 30, 2024. The funds will be placed in the PGS special revenue fund 171. The estimated amount to be remitted to the City is nearly $1 ,000,000.