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HomeMy WebLinkAbout2025-11-04 Finance Committee Action MinutesFINANCE COMMITTEE ACTION MINUTES Page 1 of 2 Regular Meeting November 4, 2025 The Finance Committee of the City of Palo Alto met on this date in the Community Meeting Room and by virtual teleconference at 5:30 PM. Present In-Person: Burt (Chair), Lythcott-Haims, Reckdahl Absent: Call to Order Public Comment Agenda Items 2. Recommendation to City Council for Approval of Amendment No. 2 to Contract C09124501A with GreenWaste of Palo Alto to Extend the Term for an Additional Four Years Through June 30, 2030, for an Estimated Average Annual Compensation of $24,840,211, including an Estimated $1,400,589 in Additional Expenses; Approval of Replacement of Aging Collection Vehicles for an Estimated $5,900,000 in Additional Expenses; Approval of a Budget Amendment in the Refuse Fund; and Approval of Amendment No. 1 to the Revocable Non- Exclusive License For Use of a Portion of the Former Los Altos Treatment Plant Located at 1237 San Antonio Road by GreenWaste of Palo Alto Through June 30, 2030; CEQA Status - Not a Project Agenda Items Reordered, Late Packet Report Added MOTION: Councilmember Reckdahl moved, seconded by Councilmember Lythcott-Haims, to recommend the City Council: 1. Approve Amendment No. 2 to Contract No. C09124501A with GreenWaste of Palo Alto to extend the term for an additional four years to end June 30, 2030, for an estimated average annual compensation of $24,840,211, including an estimated additional cost of $1,400,589 for additional expenses in vehicle repairs and maintenance, and container replacements; 2. Approve and authorize the replacement of aging collection vehicles for an estimated total of $5,900,000; ACTION MINUTES Page 2 of 2 Finance Committee Meeting Action Minutes: 11/04/2025 3. Amend the Fiscal Year 2026 Budget Appropriation for the Refuse Fund (requires a 2/3 majority vote) by: a. Decreasing the Refuse Fund balance by $2,610,000; and b. Increasing the Collection, Hauling, Disposal appropriation for Refuse Collection by $2,610,000; and 4. Approve Amendment No. 1 to the revocable non-exclusive license for GreenWaste of Palo Alto to continue using a portion of the Former Los Altos Treatment Plant, located at 1237 San Antonio Road, for an additional four years to end June 30, 2030. MOTION PASSED: 3-0 1. Update on the Regional Water Quality Control Plant Wastewater Treatment Fund, Capital Improvement Program, and Long Range Facility Plan; CEQA Status – Not a Project Agenda Items Reordered NO ACTION Future Meetings and Agendas Adjournment: The meeting was adjourned at 7:30 P.M.