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RESOLUTION 44-20 <br />RESOLUTION OF THE CITY COUNCIL <br />OF THE TOWN OF LOS ALTOS BILLS <br />APPROVING FIRST AMENDMENT TO THE FRAANCHISE AGREEMENT BETWEEN <br />THE TOWN OF LOS ALTOS HILLS AND GREENWASTE RECOVERY, INC. FOR <br />COLLECTION AND PROCESSING OF MIXED COMPOSTABLE MATERIALS, <br />RECYCLABLE MATERIALS AND YARD TRIMMINGS <br />WHEREAS, On July 1, 2019, the Town and GreenWaste Recovery, Inc. entered into fifteen - <br />year Agreement for the collection and processing of mixed compostable materials, recyclable <br />materials and yard trimmings; and <br />WHEREAS, Because of considerable economic impacts, including widespread job losses and <br />furloughs, caused by the ongoing COVID-19 pandemic, Town management requested rate relief <br />from GreenWaste for this coming year 2020/21. <br />WHEREAS, the Town and GreenWaste Recovery now propose to amend the Agreement <br />relating to Section 13.2 "Annual Adjustments" and agree to a CPI -only rate increase of 2.45% <br />for 2021 in exchange for moving the authorized 9% rate increase to 2024/25. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the Town of Los Altos Hills <br />that the Mayor is hereby authorized and directed to execute the First Amendment to the <br />Franchise Agreement on behalf of the Town of Los Altos Hills. <br />The above and foregoing Resolution was passed and adopted by the City Council of the Town of <br />Los Altos Hills at a regular meeting held on 16th of July 2020 by the following vote: <br />AYES: Wu, Tanldia, Corrigan, Spreen, Tyson <br />NOES: None <br />ABSENT: None <br />ABSTAIN: None <br />ATTEST: <br />Deborah L. Padovan, City Clerlc <br />By: �A'l <br />Michelle "U or_.M_ <br />Resolution 44-20 <br />Page 1 <br />