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CR&R proposes the following Cost Savings: <br />•Waive the current 2023 residential CPI of 8.7% and <br />FREEZE the residential rate through July 1, 2024. Over <br />10 years this is a $4m savings to Colton residents <br />•NEW! If City Council approves Option 3 (10-year <br />extension) CR&R will add the following discount to <br />residential rates: In July 2024, CR&R will only apply 50% <br />of the allowable CPI to the service component of our <br />residential rates. <br />Realized Cost Savings <br />1.a <br />Packet Pg. 13 Attachment: Colton Contract Presentation 9-19-23 (FINAL) (4198 : Solid Waste Franchise Agreement -