Town of Los Altos Hills Press Release - Second Amendment to GreenWaste Franchise AgreementFOR IMMEDIATE RELEASE - NOVEMBER 19, 2021
Late this summer, Los Altos Hills received notification that the Town’s solid waste hauler, GreenWaste Recovery, Inc, is being acquired by MIP V Waste, LLC, an indirect subsidiary of a fund managed by Macquarie Infrastructure Partners Inc. Under the terms of the Town’s franchise agreement with GreenWaste, such an assignment of the contract requires the consent of the Town.
On November 18th, the City Council considered and approved the Second Amendment to the Franchise Agreement. The Second Amendment included the Town’s consent to the assignment and also included contract amendment which benefit the Town’s residents. These changes include some decreases in the scheduled annual rate adjustments paid by customers and adds additional streets to the street sweeping services provided by Greenwaste.
In addition to the contractual changes to be implemented as a part of the Second Amendment, GreenWaste has also committed to entering into good faith negotiations towards revising how garbage, recycling, and compost collection services are provided to Town residents. Specifically, in the upcoming months GreenWaste will present a proposal to return the collection service back to how it was done under the previous franchise agreement. This proposal will address how residents in Small-Truck-Areas of Town receive service, potentially eliminating green-cart collection points along main roadways. More details will become available in upcoming months.
This amendment shows the commitment put forward by both the City Council and GreenWaste to advocate for the residents and negotiate in good faith and partnership with the Town.
Mayor Tankha said she “is excited and happy with this outcome. The fact that we can save $4.3 million for our residents over the life of the contract is a huge win.” She applauded the great leadership shown by the negotiating committee.
“The second amendment to the franchise agreement will potentially save the rate payers an additional $3.4 million on top of the $968,000 which was already saved in the First Amendment. That brings the total savings over the lifetime of the contract to over $4.3 million” – Peter Pirnejad
The City Manager’s Office would like to give special thanks to the negotiating team for their diligence and quick collaboration to get the second amendment prepared in time for the November 18th City Council meeting.
For further information, please contact City Manager Peter Pirnejad at email@example.com