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CON <br />- Capital requirements may compete with other municipal bonding priorities <br />- Responsible for facility over long term (future equipment replacement, etc.) <br />- Public sector sometimes is less flexible and responsive to market changes <br />- Requires long term commitment to project as part of overall strategy <br />Approach E• Public Ownership Financing Design and Construction w/ Private Sector Operation Under <br />Contract <br />PRO <br />- Same as "D" above with: <br />- Larger pool of potential bidders for operating contract <br />- Can use shorter term contracts (5 years and less) <br />- More control over project on a year to year basis <br />- More opportunities to change contract to address shifts in market <br />- More control over revenues, tipping fees, costs and income <br />- Close match of your actual fees to real costs <br />CON <br />- Same as "D" above with: <br />- More month to month management responsibility and burden <br />- Vendor may not bring as strong a connection to markets <br />- May require more direct end - market commitments from public sector <br />Approach F• Public Ownership Financing Desion, and Construction w/local Community Based Operation <br />PRO <br />- Same as 'D" above with: <br />- Larger pool of potential bidders for operating contract <br />- Can use shorter term contracts (5 years and less) <br />- More control over project on a year to year basis <br />- More opportunities to change contract to address shifts in market <br />- More control over revenues, tipping fees, costs and income <br />- Close match of your actual fees to real costs <br />CON <br />- Same as 'D' above with: <br />- More month to month management responsibility and burden <br />- Vendor may not bring as strong a connection to markets <br />- May require more direct end - market commitments from public sector <br />Approach G• Public Ownership Financing Design, Construction and Operation <br />PRO <br />- Public financing of capital provides lower rates and longer term (20 years) <br />- Complete control over revenues, tipping fees, costs and income <br />- Close match of your actual fees to real costs <br />- Ability to get value added capabilities (e.g. education center) <br />- Ability to get optimum site location and integrate with other functions <br />2/5/99 Orange Regional MRF LOG Workshop Materials 19 <br />