HomeMy WebLinkAboutCouncil Resolutions 1720 RESOLUTION NO. I 1 Zv
A RESOLUTION CONSENTING TO THE ASSIGNMENT OF THE ROGUE DISPOSAL AND RECYCLING,
INC. FRANCHISE AGREEMENT, SPECIFICALLY, THE TRANSFER OF STOCK OF FRANCHISEE'S
PARENT ROGUE WASTE, INC. TO A SUBSIDIARY OF WASTE CONNECTIONS
WHEREAS, on July 18, 1996, the City of Central Point entered into a franchise agreement
with Rogue Disposal and Recycling, Inc., and subsequent amendments have been made to the
franchise agreement;
WHEREAS, the franchise agreement between the City of Central Point and Rogue
Disposal and Recycling, Inc. (RDR) states that the City must provide consent if there are certain
changes in ownership, including "other transaction to which Contractor or any of its
shareholders is a party which results in a change of ownership or control of fifty percent (50%)
or more of the value or voting rights in the stock of Contractor";
WHEREAS, RDR provided notice to the City that its parent company, Rogue Waste Inc.
(RWI) will be selling RWI's stock to a subsidiary of Waste Connections (NYSE: WCN), and the
change in ownership of RWI may be characterized as a change in control of RDR;
WHEREAS, Waste Connections (WCN) intends on continuing to use local accounting,
billing, customer service, maintenance, safety, and all operational functions, and primarily will
retain existing employees;
WHEREAS, transfer will occur on or before October 1, 2022 and consent must be
determined prior to that date; now, therefore,
THE CITY OF CENTRAL POINT RESOLVES:
Section 1. City Council consents to the assignment of the Rogue Disposal and Recycling,
Inc. (RDR) franchise agreement, specifically, the transfer of stock of franchisee's parent Rogue
Waste, Inc. to a subsidiary of Waste Connections (NYSE: WCN).
Section 2. Section 2. This Resolution shall become effective immediately upon its
passage by the Council and approval by the Mayor.
PASSED by the Council and signed by me in authentication of its passage this 8th day of
Septe • .er, 2022.
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Mayor Hank Williams
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City Recorder