Fiscal Note
This agreement would secure landfill space for the City of Madison's waste stream for the next ten years, from January 1 of 2014 through December 31 of 2023. Fiscal impacts generally fall into three categories: tipping fees, land sales, and a land lease.
Under the terms of this agreement, tipping fees would increase from the current $40 per ton to $43.50 on January 1 of 2014, $46.50 on July 1 of 2014, $48.50 on January 1, 2015, and $50 on January 1 of 2016. Beginning on January 1 of 2017 and for the remainder of the agreement, the County's portion of the tipping fee would be limited to a 3.5% increase over the prior year. Projected fee increases of $263,300 are anticipated for 2014, and will be accommodated within the 2014 Streets Division Operating Budget. Fee increases of an additional $184,310 are projected for 2015, followed by $78,990 in 2016. Projected increases for the years of 2017 - 2023 range from $92,155 to $113,282 annually.
The agreement also provides for the sale of land from the City to the County to accommodate expansion of the landfill. This will include 42.723 acres of park land and 12.217 acres managed by the Streets Division. This Substitute Resolution accounts for the final purchase and lease price agreed to by the City and the County. This land sale would result in proceeds of $158,304 to be deposited into the Parkland Acquisition Fund, and an additional $54,977 to be deposited into the General Fund (for the Streets Division land).
The County will also lease the City's remaining 9.588 acres of Streets Division managed land adjacent to Highway 12 & 18 at an amount of $1 per year.
Several other important features of the agreement may be noted. Further transfers from the County solid waste fund to support non-solid waste programs or expenditures are prohibited. The City will be free to send waste to a diversion program (such as a biodigester) without penalty. The County will be required to accept up to 100,000 tons ...
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