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Industry is a capital intensive business which requires capital for Trucks, Containers, heavy machinery <br />and processing equipment and it is critical that companies have the ability to borrow and access to capital. <br />In the long run, we believe the benefits to the Company and the cities it serves will be significant in <br />allowing the cities access to --and through rate regulation --control over a MRF facility whose employees <br />can aspire to a well-paid career. Given the costs of similar facilities located in the Bay Area, we believe <br />this can be achieved while still keeping rates competitive and we look forward to working with you in <br />accomplishing those goals. <br />3 <br />