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9-eat ?deotent Reclamation, Inc. <br /> REFUSE REMOVAL <br /> P. 0. Box 2337 <br /> SANTA ANA, CALIFORNIA 92707 <br /> PHONE: 57-6922 <br /> AC1]ON CF CC .0NCi .. <br /> May 25 , 1972 Gf Q,tf.� art, <br /> civ-�<i.✓'s•c— c1 <br /> 4/1 <br /> The Honorable Lorin Griset <br /> Mayor and Councilman of the <br /> City of Santa Ana <br /> 217 North Main Street r <br /> Santa Ana, California 92701 CLERK Or THE COUNCIL <br /> Re: GreatWestern Reclamation, Inc. <br /> Dear Mayor Griset: <br /> This letter is submitted for your consideration in connection with <br /> the concurrent request made by Great Western Reclamation, Inc. , to <br /> Mr. Carl Thornton, City Manager, that the agenda of the meeting of <br /> the City Council to beheld Monday, June '5 , 1972 , include consid- <br /> eration by the City Council of it's consent to the transfer by the <br /> shareholders of 'Great Western Reclamation, Inc. ,' of all of the <br /> outstanding shares of "'stock of said corporation'`to SCA Services, <br /> Inc. The shareholders propose to transfer all of said shares in <br /> exchange for shares of stock in SCA Services, Inc. The share- <br /> holders will thus continue to have an interest in Great Western <br /> Reclamation, Inc. <br /> SCA Services , Inc. , is a publicly held corporation, which provides <br /> solid waste management services from coast to coast, including such <br /> metropolitan areas as Los Angeles, Boston, St. Louis , Akron, and <br /> Raleigh. It operates its own fleet of trucks and owns significant <br /> amounts of containers, compactors , and other specialized equipment. <br /> As of December 31, 1971, SCA Services had current assets of $13 .2 <br /> million, current liabilities of $9 million, long-term debt of $2 . 6 <br /> million, and stockholders ° equity of $19 . 3 million. In addition, <br /> SCA Services has arranged a $15 million unsecured line of <br /> intermediate-term credit with one bank. <br /> SCA Services increasingly enjoys certain economies of scale, including <br /> volume buying and centralized regional maintenance. In addition to <br /> the economies of scale, the ownership of Great Western Reclamation, <br /> Inc. , by SCA Services will enable Great Western Reclamation, Inc. , <br /> to more readily introduce additional and new scientific management <br /> techniques , which will promote the efficiency of service provided by <br /> Great Western Reclamation, Inc. The availability of capital in larger <br /> quantities and at more attractive rates will further strengthen the <br /> ;74/ <br />