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RECOMF. INC. <br />TEL Nn .612 -S54 -6'11 <br />3Atq, <br />Nay 24.59 16:3' No.02' F.O, <br />05 -24 -89 <br />Mr. Joseph Chlebeck <br />Recycling Coordinator <br />515 East Little Canada Road <br />Little Canada, Mn 55117 <br />RECO <br />RECOUP, Inc. is purchasing Super Cycle. Ramsey County has agreed <br />to negotiate a 5 year lease of the 'processing facility on Rice <br />St. We are anxious to meet with you personally within the next <br />few days to discuss specific questions and concerns you have so <br />your collection service provided by Super Cycle will continue <br />uninterrupted as these negotiations are finalized. <br />The enclosed attachment represents the major points to be <br />incorporated into a new contract. RECOMP simply requests that a <br />letter of intent be executed in order to plan the orderly <br />continuance of service to your community and assist RECOMP in <br />finalizing negotiations. Hopefully all contracts can be <br />finalized within 30 days. The following figures were established <br />with the active cooperation and full disclosure of Super Cycle in <br />order to offer real long term fees that will preclude this <br />problem from happening again. RECOUP requests a 3 year contract <br />with a 2 year extension. <br />The price per ton is $67.00 for residential service. The minimum <br />monthly payment required (based on 80°% of average monthly <br />tonnage) is $ 1,195.00. This figure remains fixed for the terms <br />of the contract. The remaining points are listed on the enclosed <br />attachment. <br />We look forward to a successful and mutually beneficial <br />relationship. <br />Respectful1 <br />William P. Healey <br />RECOUP, INC. <br />ATTACHMENT <br />-PAGE -3- <br />RECOUP, INC. 1720 South Bellaire St. • Suite 909 • Denver, Colorado 80222 • (303) 753 -0945 • FAX: (303) 692 -9452 <br />