Agenda - Council - 06/23/1981 - Laserfiche WebLink

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7C. Assure with reasonable certainty that projected operating revenues, including those from the sale of recovery products and drop charges or user fees, will be adequate to pay all capital and operating costs associated with a facility underwritten by a governmental unit over the life of the facility. Criteria 3a. Public facilities shall not create an unfair or unreasonable advantage or restraint of trade in ~-~elatio- ~ .......... · - .__ __ ., Lv ~u,~arao~e private ~a~lll~lesf. ~he Coupc~l sha~s~ ~-611owlng factors to ~etermlne the competitive 0peratlon of pub~i~ ~aste facl--i~-~s.%-- 1__~. The design and operatinq capacity of the waste facility; 2. The "tippinq fee" char~ed at the ~ate; 3__~. The g~ographic areas from which the waste facility will draw its waste; ' -- 4. The sources and mechanisms of fundin~ which will be -- util~r capital and op~-~a~-~nq expe--n-~u~-es; 5. The waste su 1¥ and refuse derived product market ~ontracts or commitments----~ an-~ 6. The economic requirements and viability of the competing private waste facility. 7b. The Metropolitan Council prefers private ownership and operation of waste facilities. 7Co Preference will be given to waste facility proposals that are designed to minimize property tax payment risk and to pass economic benefits back to individual generators of solid waste. In makin~ this determination, the Council shall consider amon~ other elementS: ' (7d. IN MAKING A DETERMINATION OF THE FINANCIAL SELF-SUFFICIENCY OF A WASTE FACILITY, THE COUNCIL SHALL CONSIDER, AMONG OTHER ELEMENTS:) o Total capital costs and the projected annual operation, administration, maintenance and debt service costs of the facility; Amount, level and nature of projected revenues avail- able for the payment of a facility cost over the life of the facility; Proposed method(s) of financing the facility; the amount, type and provisions made for the security of any public indebtedness incurred to finance the facil- ity; the size of the tax base and other financial resources backing any bonds to be issued to finance the facility;