File #: 221174    Version: 1 Name: Settlement of Unlitigated Claims against Sunset Scavenger Company, et al. - San Francisco Refuse Ratepayers to Receive $25,000,000 Credit to Offset Cost of Living Adjustments and Rate Increases
Type: Resolution Status: Passed
Introduced: 11/15/2022 In control: Clerk of the Board
On agenda: Final action: 12/22/2022
Enactment date: 12/22/2022 Enactment #: 543-22
Title: Resolution approving the settlement of pre-litigation claims against Sunset Scavenger Company, Golden Gate Disposal & Recycling Company, Recology San Francisco, and Recology Properties Inc. through the acceptance of a $25,000,000 reimbursement to San Francisco ratepayers; the claims involve alleged retention of profits above the 9 percent target profit approved in the 2017 public rate setting process, and the timing and appropriateness of cost of living adjustments to rates; additional material terms of the settlement are that rental costs of select real properties will not be passed through to ratepayers once acquisition costs are paid, and ratepayers will be reimbursed for up to approximately $26,000,000 in rental payments in the event that those properties are no longer available for the benefit of San Francisco refuse ratepayers.
Sponsors: Mayor, Aaron Peskin
Attachments: 1. Leg Ver1, 2. MYR Memo 111522, 3. Comm Pkt 120122 221174, 4. Board Pkt 121322, 5. Leg Final
Legislation Details
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