1. SUMMIT COUNTY ZERO WASTE TASK FORCE September 24, 2012

2. Agenda Review process & handout materials – 10 min (Laurie)
Summarize potential program changes to date - 15 min (Laurie)
Summarize findings from funding options analysis - 20 min (Thad)
Review needs for next meeting  
Break - 10 min
Presentation on PAYT in action on the Front Range - 50 min (Bryce from Western Disposal)
Recap PAYT program & discuss if Oct PAYT Subcommittee meeting is needed – 10 min (Laurie)
Discuss schedule for next meeting - 5 min (Laurie)

3. Cost Impact of Proposed Program Changes
Annual Cost (2012$)
Single Stream
$56,000
Free HHW, Electronics & Appliances at Community Recycling Centers w/ staffing & maintenance
$280,000
New CRC in Dillon/Silverthorne plus improvements to Breckenridge & Frisco CRCs to allow for full services, staff
$55,000
PAYT
$180,000
Reduced Tipping Fees at landfill (reduce compacted to $55/ton & loose to $60/ton)
$310,000
Total
$881,000

4. New Funding Needs Annual Costs (2012$) Program Changes $881,000
Retire Old Landfill Debt
$322,400
Fund HC3
$90,000
Existing Recycling Shortfall
$350,000
Total
$1,643,400

5. Property Tax Mill Levy Funding Option
Assumptions
Estimate (2012$)
Interest Rate for Capital Purchases 3%
Repayment Period for Debt (years) 10
Total Assessed Valuation
$ 1,600,000,000
Mill Rate Needed to Fund Capital & Annual Program Costs
1.03 mills
Average Residential Property Value
$400,000
Assessed Value of Average Property
$32,000
ANNUAL Cost to Average Property Owner
$32.90
MONTHLY Cost to Average Property Owner
$2.74

6. Sales Tax Funding Option
Assumptions
Estimate (2012$)
Interest Rate for Capital Purchases 3%
Repayment Period for Debt (years) 10
Approx amount generated by 1% County-wide sales tax
$9,333,333
 Sales tax needed to fund capital and program costs
 0.176%
 Amount of tax on $100 purchase
 18¢

7. Thank You