Project

Solid Waste Disposal Revenue Notes Series 2023 (Direct Bank Purchase)

The Tri-City Economic Development Corporation (d/b/a Tri-CED Community Recycling) project closed on August 31, 2023. CPCFA issued $11,016,000 in tax-exempt notes and provided a cost of issuance subsidy of $65,616 using CPCFA’s Small Business Assistance Fund (SBAF).

Tri-CED will use the note proceeds to make improvements to its facility and purchase new equipment and vehicles, including energy efficient compressed natural gas (CNG) collection vehicles, an electric pick-up truck, fleet management software, SB1383 compliant recycling carts, SB1383 contamination monitoring software, a truck scale, and upgrades for office workstations. Tri-CED’s acquisition and upgrades will improve customer and waste collection services, bulk processing, and shipping of recycled materials, and will allow the Tri-CED to continue educational programming designed to reduce waste and raise environmental awareness.