Title
Approval of Amendment of Contract in Lieu of Performance Bond for Crossville Sanitary Landfill
Body
SUMMARY:
As part of the post-closure requirements of the landfill, the City is required to post a bond for the liability of the landfill. In lieu of this requirement, the State allows the City to sign a contract regarding this obligation. The amount required is reduced annually for inflation and the remaining years of the obligation. The amendment to this contract reduces the financial assurance from $646,653 to $596,977.61.
BUDGET ACCOUNT:
Recommended Action
NECESSARY COUNCIL ACTION: Approve amendment.