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Barunuuk

11/28/12 2:53 PM

#555 RE: upshegrows #554

More so, I would like to add that Mr. Afflek's attack that there was no tender awarded, or that the City gave preference to Alterrus which goes against government's fair tendering process also holds little weight. Under Tilma and other gov't tendering regulations, there is a lower limit where governments do not need to tender. More so, governments are allowed to sole source to company's or technologies where there is no other substitute, which is the case with Alterrus. More so, the fact that Alterrus is employing unemployed individuals that weren't given a chance for work, as well as the fact that the City will be getting free lettuce for their homeless shelters as well, shows that there is great benefit to the city. And the city gets a $2400/month lease so there is funds being given to the City for the space. And the fact that the City does not own or have any stock in the company shows that they arent on the hook if Alterrus is not successful.

Remember, once Alterrus begins bringing in revenue, they will have very little initial operating expenses, save utilities, and with the available expansion just below, they should be able to boost revenue. Now here is the kicker between Alterrus and other green suppliers, Alterrus will be able to streamline logistics locally. Therefore, a grocer will be able to make a detailed order a day or two (if not day of, if given in the morning say) before receiving a shipment. Safeways and other large grocers receive shipments every week (say Tuesday for example), and so Mondays, they have very little or no quantity of a specific produce, or the produce is wilted and old, and spoiled. Grocers can now save substantial amounts of money on produce by streamlining their quantities, and by providing them the same day.