| City
of Arlington, Texas, to Receive Substantial Compensation and
Other Benefits in Landfill Agreement with Republic
GBB Key Advisor in Procurement and Contracting
for Lease and Operation of City’s Landfill
Fairfax, Virginia (April 29, 2005)
– The City of Arlington, Texas, recently announced the
approval, by its City Council, of an agreement with Republic
Waste Services of Texas, Ltd (Republic) for Republic to lease
and operate the City of Arlington Landfill on a long-term
basis.
Through
this business arrangement, the City will receive up-front
payments in excess of $21 million, including over $5.1 million
going into a trust fund for closure and post-closure care
of the Landfill. Over the term of the Lease, the City will
realize substantial revenues and savings, including annual
usage fees, (e.g. lease rentals), royalties on out-of-City
waste disposed of in the Landfill, reduced disposal fees for
City waste, free disposal of City department/agency waste,
and certain revenue sharing from Republic’s sale of
mulch and compost produced from yard waste processed at the
Landfill.
Significant
security features are incorporated into the Lease to protect
the City. GBB Senior Vice President, Tim Bratton, noted to
Arlington Mayor and City Council prior to Council’s
vote to accept the Lease, “This is one of the best agreements
I’ve seen in terms of the revenues, savings potential
and protections it provides the City.”
The
GBB Project Team assisted the City in deciding whether to
retain ownership and continue operation of the asset as a
municipal facility or to sell or lease the Landfill to a qualified
private contractor that would operate the Landfill and provide
disposal services to the City. GBB’s subcontractor,
PricewaterhouseCoopers, conducted a valuation of the City’s
Landfill to determine its estimated value in the marketplace.
Once the City decided to pursue procurement of a contractor
to lease the Landfill, GBB assisted in preparing procurement
documents and in the evaluation, interview, and negotiation
process that led to the agreement with Republic.
GBB
is a national solid waste management consulting firm founded
in 1980 that works on solid waste collection, processing,
recycling and disposal issues, including construction waste
and demolition debris projects at the local, state, and national
levels for both the public and private sectors. For more information
on the firm and its products and services, visit www.gbbinc.com
or call 1-800-573-5801.
###
|