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Proposed Hybrid Powered Solid Waste VehicleTHE CITY OF ~ Dubuque --... _~ DLTB E "°.~';~~~ „~~~ Masterpiece on tl~e Mississippi ; 2007 TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Proposed FY09 Purchase of Hybrid-Powered Solid Waste Collection Vehicle DATE: March 13, 2008 Attached is additional information requested by the City Council during the budget process. ,,.~L Michael C. Van Milligen MCVM/jh Attachment cc: Barry Lindahl, City Attorney Cindy Steinhauser, Assistant City Manager Jenny Larson, Budget Director Don Vogt, Public Works Director TO: Michael C. Van Milligen, City Manager FROM: Don Vogt, Public Works Director SUB.IECT: Proposed FY09 Purchase of Hybrid-Powered Solid Waste Collection Vehicle DATE: March 13, 2008 INTRODUCTION The purpose of this memorandum is to provide information regarding the proposed FY09 purchase of ahybrid-powered solid waste collection vehicle. BACKGROUND At the Public Works Department's February 23rd budget hearing, the question was raised as to whether the additional cost of the hybrid-powered truck could be recovered through fuel savings over the life of the vehicle. DISCUSSION When attempting to do a life cycle cost comparison of a standard vehicle with ahybrid- powered vehicle, there are a number of variables that are relatively difficult to find numbers for. What will the price of diesel fuel be ten years from now - or five years from now - or even a year from now? What will ahybrid-powered vehicle be worth ten years from now when traded-in or sold? For that matter, what will a ten year old, fuel- hungryconventional truck be worth ten years from now? What will be the amount of lost interest that the $60,000 could have earned over the next ten years? There is no doubt that our proposed purchase would be breaking new ground. But there are some suppositions that we can highlight regarding ahybrid-powered solid waste collection vehicle, based on what the industry has already learned about other hybrid-powered vehicles. Hybrid-powered vehicles use substantially less fuel, emit fewer exhaust emissions, have longer engine life due to reduced idling and stress, and are quieter. Based on information received from the three heavy truck manufacturers who plan to have hybrid-powered truck chassis available for our solid waste collection operations by calendar 2009, we have been able to complete the attached spread sheet. The first estimated ten year average fuel cost of $4.05 per gallon is likely far too conservative. However, using a projected ten year average cost of $6 per gallon for fuel, ahybrid-powered recycling collection vehicle would more than pay for its initial higher purchase cost through fuel savings. While some may question whether the cost of diesel fuel will reach $6 per gallon in five years time, what we have witnessed over the last three years does not engender optimism. As far as the lost income that would have been earned by the $60,000 price differential over ten. years, 5% interest earnings compounded annually would equal $37,750. At an average fuel cost of $6 per gallon, a hybrid-powered recycling collection vehicle would not only pay for its higher purchase cost with its fuel savings, but the fuel savings would also offset 20% of the lost interest income. In any case, it should be expected that a portion of the lost interest income would also be recovered through the hybrid-powered vehicle's higher trade-in or resale value. ACTION STEP This is for your information. Attachment . . HYBRID SOLID WASTE COLLECTION VEHICLE TRUCK TYPE: REFUSE COLLECTION RECYCLING TRUCKS IN EACH FLEET 6 6 REPLACEMENT SCHEDULE (YEARS) 10 10 ADDITIONAL COST FOR HYBRID $60,000 $60,000 PER YEAR $6,000 $6,000 OTHER HYBRID-RELATED ANNUAL COSTS/SAVINGS: MAINTENANCE -1,000 -1,000 MECHANICS' TRAINING 200 200 BATTERY REPLACEMENT 300 300 LOST INTEREST INCOME* 3,773 3,773 TOTAL ADDITIONAL ANNUAL COST $9,273 $9,273 ESTIMATED ANNUAL FUEL SAVINGS'" AT: $4.05 PER GALLON -3,771 -4,577 $5.00 PER GALLON -4,655 -5,650 $6.00 PER GALLON -5,585 -6,780 AVERAGE ANNUAL GALLONS USED 3,945 3,324 (DAILY GALLONS USED) 15 13 * 5% INTEREST COMPOUNDED ANNUALLY ''' ESTIMATED 10% SAVINGS FOR HAUL MILES AND 50% SAVINGS FOR COLLECTION MILES HAUL/COLLECTION MILES RATIOS: 66/34 40/60