Click here to view Appendix II in PDF format.
Year |
(1) Current Dollar Savings From Appendix I, Column (7) minus (8) |
(2) Present Discounted Value of Recycling* Saving at 8% Discount to Year 1 |
1 |
$487,500 |
$487,500 |
2 |
$487,500 |
$451,389 |
3 |
$487,500 |
$417,952 |
4 |
$487,500 |
$386,993 |
5 |
$487,500 |
$358,327 |
6 |
$1,137,500 |
$774,163 |
7 |
$975,000 |
$614,415 |
8 |
$650,000 |
$379,269 |
9 |
$650,000 |
$351,175 |
10 |
$650,000 |
$325,162 |
11 |
$650,000 |
$301,076 |
12 |
$650,000 |
$278,774 |
* In the first year, the city must set aside $4,638,775 to start the program. Therefore there is a first-year net cost of $4,151,275. This is nothing more than the difference between the first year's cost of starting the program less the first year's net savings from lower tipping fees obtained from diverting 25% of the waste stream through recycling.