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Compost Bins Distributed to Member Agencies <br /> <br /> Return on investment is calculated in $10,000 units, since most Member Agencies' <br />matching funds are in $10,000 increments. In each phase four investments of $10,000 each will <br />be matched to distribute 2,200 compost bins. <br /> <br />2,200 bins divided by 4 = 550 bins per $10,000 investment. <br /> <br /> If the Member Agency contributes $5,000 then only half of that number will be <br />distr/buted. Bins will be distributed in participating cities and district proportional to the amount <br />of money invested. <br /> <br />OPERATIONS <br /> <br />Phases <br /> <br /> In response to a request from the Programs Committee of the Waste Management <br />Authority the entire program has been divided into three phases. In each phase, $40,000 from <br />Member Agencies will be matched by $40,000 from the Author/ty. Each successive phase will <br />be submitted for approval by the Authority when the following conditions are met: 1) an <br />additional $40,000 has been al/ocated by Member Agencies, and 2) the previous phase is deemed <br />to be proceeding successfully. Each Member Agency will be included in any given phase on <br />a first come, first serve basis. Conversely, additionaly phases will be implemented only when <br />enough Member Agencies have demonstrated an interest to participate. <br /> <br /> The attached budgets reflect the costs for each phase. The timeline has been amended <br />as well to reflect an estimated implementation for the three phases. It is expected that if enough <br />Member Agencies sign up the second phase can be implemented before the first phase is <br />completed. The second phase will thus benefit from the set-up of the first phase and not be <br />unduly delayed. <br /> <br />Matching Funds <br /> <br /> This cost-sharing pilot program ensures that everyone who benefits from the program <br />helps pay. The Waste Management Authority and the Member Agencies contribute equal <br />portions, and the resident will pay $25-$30, enough to ensure commitment while still realizing <br />significant cost savings. <br /> <br /> ACHC is requesting that the Waste Management Authority match $40,000 for the first <br />phase. The matching funds are contributed by the Authority once participating cities and <br />sanitary districts have contributed the first $40,000. Each subsquent phase will be implemented <br /> <br />4 <br /> <br /> <br />