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, <br /> 2 <br /> Should the Town determine that it wishes to award the collection franchise to the County, and <br /> given that the next County meeting at which the franchise agreement can be formally <br /> authorized is August 20, 2002, some expression of the County's intention to provide the service <br /> would be necessary for the Town Board of Commissioners to rely on. The accompanying <br /> Resolution of Intent would (on August 20) presumably be followed by a formal authorization to <br /> execute the franchise agreement, authorize the creation of one new Solid Waste Collector <br /> position, and a budget amendment to incorporate the associated expenditures and revenues <br /> into the FY 2002-03 Solid Waste budget. <br /> FINANCIAL IMPACT: Providing the collection service for the Town will generate additional <br /> revenue for the Solid Waste Enterprise Fund that can then be directed for use in recycling and <br /> waste reduction programs which generate only minimal levels of revenue to offset program <br /> expenditures. It is estimated that the annual revenue generated by this service, net of <br /> expenditures, would be $30,000-$35,000 minimum. Assuming that in the first year this <br /> commercial solid waste collection service would be in place for only 10 months, FY 2002-03 net <br /> revenue is anticipated to be about $26,000, based on projected receipts of$226,000 against <br /> $200,000 in program expenditures. <br /> RECOMMENDATION(S): The Manager recommends that the Board adopt the proposed <br /> Resolution of Intent. <br />