City of Crossville - File #: 14-0366

• File #: 14-0366
• Version: 1
• Name: Landfill Performance Bond
• Type: Contract
• Status: Passed
• File created: 8/22/2014
• In control: City Council
• On agenda: 9/9/2014
• Final action: 9/9/2014
• Title: Approval of amendment of Contract in Lieu of Performance Bond on the Crossville Sanitary Landfill reducing the bond from $695,014 to $646,653
• Sponsors: City Clerk
• Indexes: Not applicable
• Related files: 13-0266

Date	Ver.	Action By	Action	Result
9/9/2014	1	City Council	approved as recommended	Pass

Title

Approval of amendment of Contract in Lieu of Performance Bond on the Crossville Sanitary Landfill reducing the bond from $695,014 to $646,653

Body

SUMMARY:

The City is required to maintain a performance bond for the proper operation and closure and/or post-closure of the landfill located off Chestnut Hill Road.  However, the State allows a contract in lieu of the Performance Bond to cover the 30 year period that ends in 2025.  It is amended yearly to reduce the amount of the financial assurance.

BUDGET ACCOUNT:  Not applicable.

Recommended Action

NECESSARY COUNCIL ACTION:  Approve amendment.