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R2016-57 AUTHORIZING CONTRACT - Midwest Fiber Inc.
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R2016-57 AUTHORIZING CONTRACT - Midwest Fiber Inc.
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Last modified
6/13/2016 10:29:22 AM
Creation date
6/13/2016 10:29:21 AM
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Resolution/Ordinance
Res Ord Num
R2016-57
Res Ord Title
AUTHORIZING CONTRACT - SINGLE STREAM RECYCLING PROGRAM - MIDWEST FIBER INC.
Approved Date
5/16/2016
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Exhibit A— Pricing Example <br /> SINGLE-STREAM <br /> MATERIAL Market Prices** Wei hted Value <br /> Commodity Percent* $/Lb $/Ton $ <br /> Steel Cans 1.9% 0.05 100 $1.90 <br /> UBCs 0.8% 0.58 1160 $9.28 <br /> PET 3.3% 0.11 225 $5.28 <br /> HDPE- N 1.2% 0.30 600 $7.20 <br /> HDPE- C 1.3% 0.19 380 $4.94 <br /> Plastic Containers #3, #4, <br /> #5 & #7 1.5% 0.01 20 $0.30 <br /> OCC Cardboard 18.3% 0.035 70 $12.81 <br /> Mixed Pa er 49.6% 0.025 50 $24.80 <br /> Glass 12.3% -0.0215 -43 $5.32 <br /> RESIDUALS 9.8% -0.023 -46 ($4.51 <br /> Total Market Value 100% $56.68 <br /> PROCESSING FEE**** ($103.50) <br /> SINGLE STREAM MATERIAL RATE Payment or (Charge) to <br /> SUPPLIER***** $46.82 <br /> *Estimated average percentage of each recyclable commodity from a typical residential curbside recycling program. <br /> Percentages may be adjusted on an annual basis to reflect actual experience. <br /> **Current Market Prices are shown. Future Market Prices will be applied on a month-to-month basis, <br /> where such prices shall typically be no less than the minimum published value for: <br /> Containers(Aluminum UBCs,Natural HDPE,Mixed HDPE and Mixed PET) <br /> published in the monthly issue of Secondary Materials Pricing.com. <br /> Notes:(a)Steel cans priced per local area markets as nontlensified bales. <br /> (b)Glass Containers are recovered as Mixed Broken Glass priced per local area markets. <br /> (c)Plastics#3,#4,#5 are marketed at available market prices. <br /> Paper Fiber(Newspaper,Mixed Paper and Cardboard) <br /> published in the PPW <br /> If published values are not indicative of actual market values;then,actual market values will be used. <br /> ***Residuals are non-recyclable commodities inadvertently discarded by the consumer <br /> into the curbside recycling bin and subsequently disposed of. <br /> **** Processing Fee (fixed for 1st year of term, with CPI adjustment in <br /> subsequent years)subtracted from Total Market Value <br /> 16 <br />
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