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<::s and Cons of MRF <br />Ownership /Operation Models <br />Variations on Merchant MRF <br />- Least commitment of capital <br />- Least commitment to a particular vendor <br />- Higher pricing, especially on spot market <br />- Little to no control of type of service <br />- Little control over availability /quality <br />- Possible disruption with no backup <br />- No guarantee that site location works <br />- No "value added" services <br />- Lowest level of commitment to long term recycling goal <br />15 <br />t s and Cons of MRF <br />wnership /Operation Models <br />•:- Variations on Public MRF <br />- Most capital required but lowest cost of capital <br />- Complete control of revenue, tip fees, costs, income <br />- Complete control over project location, type, service <br />- Highest burden on agency management and staff <br />- Responsible for facility over long term <br />- Lowest critical mass of expertise /experience <br />- Risk of inefficiency with failure to correct over time <br />- Public sector may not respond to market changes <br />- No private partner to rely on for fall -back position <br />- Highest level of commitment to long term recycling goal <br />16 <br />Page 8 <br />