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Resolution 16121 CITY OF ALAMEDA RESOLUTION NO. 16121 AMENDING THE FISCAL YEAR 2023-24 GENERAL FUND BUDGET TO APPROPRIATE $72,500 FROM GENERAL FUND RESIDUAL FUND BALANCE TO CONDUCT FRANCHISE FEE COST REVIEW FOR COLLECTION, TRANSPORTATION, AND PROCESSING OF SOLID WASTE, RECYCLING AND ORGANIC MATERIALS WHEREAS, on May 18, 2021, the City Council approved a 12-year Franchise Agreement (Agreement) with Alameda County Industries (ACI) for the collection, transportation, and processing of the City's municipal solid waste, recycling, and organic materials; and WHEREAS, the Agreement, which became effective July 1, 2021, includes various fees, including franchise fees, which are paid to the City annually and are adjusted annually for CPI; and WHEREAS, Franchise Fees are calculated as 10% of ACI's gross rate revenue and received as General Fund revenue annually; and WHEREAS, based on potential changes to franchise fee setting policy at the state and local level, staff is now proposing moving forward with a franchise fee cost review and development of an updated franchise fee cost model. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Alameda that the proposed amendment to the Fiscal Year 2023-24 General Fund Budget to appropriate $72,500 from the General Fund Residual fund balance to conduct a franchise fee cost review is approved. I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 5th day of December 2023, by the following vote to wit: AYES: Councilmembers Daysog, Herrera Spencer, Jensen, Vella and Mayor Ezzy Ashcraft— 5. NOES: None. ABSENT: None. ABSTENTIONS: None. IN WITNESS, WHEREOF, I have hereunto set my hand and affixed the official seal of said City this 6th day of December 2023. Lara Weisiger, City,Clerk City of Alameda Approved as to f • Yibin S en, Ci A orney City of Ala a