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REPORT - ASSIGNMENT OF CITY CONTRACT WITH NORTH BAY CORPORATION TO RECOLOGY SONOMA MARIN; WAIVER OF $375,000 ASSIGNMENT FEE PAYABLE BY NORTH BAY CORPORATION UNDER COLLECTION SERVICES CONTRACT
BACKGROUND: Ratto and its affiliated companies have entered into an agreement to sell substantially all of their assets to Recology, Inc. and its designated affiliates, which will continue Ratto’s operations.
On August 30, 2017, the City Manager’s Office received a joint letter from Recology, Inc. and Ratto, requesting the City provide its consent to an assignment of all agreements the City currently has with Ratto to Recology Sonoma Marin, dba Recology Santa Rosa, a subsidiary of Recology, Inc. Recology and Ratto have since revised their request, asking for an assignment of the Solid Waste Collection Services Contract only. Upon the assignment of this Contract, Recology Sonoma Marin will be subject to the applicable terms and conditions of the Contract, and will continue to perform Ratto’s obl...
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