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65 <br /> <br />7 (e) d . <br /> <br /> Rates and charges for use of the facility, and their~ <br /> reasonableness compared with other such charges within <br /> the Metropolitan Area; <br /> Any facts about the facility that could affect its <br /> continued operation and realization of revenues <br /> necessary for financial self-sufficiency, including <br /> supply contracts and by-product markets. <br />Use of tax-exempt revenue bonds for public and private <br />facilities is encouraged. <br /> <br />ECONOMIC EFFECTS <br />The transition from a land disposal waste management strategy to a <br />resource recovery strategy involves certain risks. Project risks can <br />be reduced by addressing and ameliorating conditions or events that <br />may lead to adverse or undesirable economic effects on a community. <br />Risks may also be reduced by determining a level of risk that is <br />acceptable and by obtaining performance guarantees from waste <br />suppliers, markets and processing equipment vendors. For example, in <br />determining an accepted level of risk for a resource recovery <br />facility, it is important to identify the minimum market price <br />necessary to break even and negotiate accordingly. <br /> <br />Objectives <br /> <br />Sa. Encourage the development of waste facilities that minimize <br /> management costs and optimize benefits of conservation of <br /> materials and energy. <br /> <br />Bb. Minimize the economic effects associated with development of <br /> resource recovery facilities. <br /> <br />Criteria <br /> <br />Sa. Proposed solid waste management facilities shall be reasonably <br /> competitive on a long-term cost benefit basis with other solid <br /> waste management systems. <br /> <br />Bb. The estimated total cost of a proposed waste facility to the <br /> generator (MUST) should be similar to the estimated future costs <br /> of other solid waste management systems. <br /> SOLID WASTE SUPPLY AND PROCESSING CONTRACTS <br /> The (METROPOLITAN SOLID) Waste Management Act of (1976) 1980 author- <br /> izes cities, counties and towns in the Region to enter into long-term <br /> contracts for delivery of solid waste to waste facilities and for <br /> processing of solid waste. This authorization was granted because of <br /> the recognized need for long-term commitments of waste supplies to <br /> ensure the success of resource recovery proposals, with such <br /> commitments, a proposed facility could demonstrate economic <br /> viability, and thereby secure capital financing commitmentS. Before <br /> this enactment, local governments generally could not enter into <br /> contracts for more than five years. <br /> <br /> <br />