Residential Mixed Paper Processing Facility (Office Paper Systems, Inc., Maryland)
GBB assisted in the development of a 200,000-tons-per-year, residential mixed paper (RMP) materials recovery facility (MRF) to serve Montgomery County, Maryland, for the selected contractor, Office Paper Systems, Inc. GBB’s assistance included project development, contracting, product marketing, project feasibility reporting for revenue bond financing, and meetings with investors. GBB continues to serve as Project Consultant as defined in the Bond Indenture for the OPS project. As such, GBB conducts an annual performance and financial audit of the facility including: quantities, prices and sources of material to be processed; quantities, prices and grades of recovered materials shipped; facility operations and maintenance elements; and review and concurrence in the annual budget.
Budget Review for Residential Mixed Paper Project
GBB reviewed the projected budget to ensure that it was in conformance with the contract and the bond indenture. This involves analysis of previous years’ actuals and overall market conditions. Also, the environment of recycling in Montgomery County and the Washington metro area was taken into consideration.