Agenda - 11-22-1982 - Laserfiche WebLink

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{ Al t2 An Agreement Between the Orange Regional Landfill ("LANDFILL") and ECOS. 1. ECOS agrees to provide recycling services as described herein to the Orange Regional Landfill for the purpose of reducing the quantity of certain materials which the Landfill would otherwise be required to process. During the initial or any extended term of this Agreement, ECOS agrees to operate as a non-profit organization providing recycling services that Is determined to be tax-exempt as such under the Internal Revenue Code. The Landfill may immediately terminate this Agreement should such tax-exempt determination be terminated, revoked, or otherwise expire. 2. ECOS agrees to collect recyclable paper, glass and aluminum materials, l in at least five (5) locations in Orange County. ECOS agrees to recycle such materials through sale or other processing so that such materials are not disposed eta landfill, but will be re=used tl1rough recycling. The collection location(s) shall be mutually agreed upon by ECOS and the participating landfill co-owner jurisdiction within which such site Is located. 3. The Landfilll agrees to credit or pay as described in subpara- graphs (a) and (b) below, at the rate of three dollars ($3.00) per ton for materials collected in Orange County and recycled under this Agreement, commencing on the effective date hereof and extending for the three-year term of this Agreement. a. The Landfill shall within 30 days of the effective date of this Agreement make a loan of $9,500 to EGOS. The loan shall be repaid by crediting EGOS with a payment of $3.00 against the outstanding balance for each ton of materials recycled hereunder, up to 3,167 tons. The loan shall be deemed satisfied and fully repaid upon certification by ECOS to the Landfill that 3,167 tons of the materials listed above have been Collected in Orange County and recycled by ECOS hereunder. ECOS shall grant to the Landfill a first lien (on materials or equipment purchased in part or entirely with Landfill-I funds under this Agreement and on additional assets of ECQ5 not subject to other liens, the purpose of said lien being) to enable the Orange Regional Landfill to secure repayment of said loan if any balance remains outstanding and due if the recycling project ceases operation or if the loan IS not substantially repaid at the end-of the term of this Agreement. The Landfill may take such action and file such forms as it may reasonably deem necessary to evidence and maintain the priority of said lien. b. Subsequent to certification of collection and recycling of said 3,167 tens of listed materials, the Landfill shall pay $3.00 per ton of listed materials thereafter collected in Orange County and recycled by ECOS during the term of this Agree- ment. ECOS shall submit monthly invoices to the Landfill certifying the collection and recycling of said materials, and the Landfill shall remit payment to ECOS with 30 days of receipt of an accurate invoice. :�'+'t.-r.Y.1w!n r)^n'l�. .. __.. ... !tRtnr�—rp►.r.•-` izi .r.. __.Y. ..—^...r - •_• ..