RES 221299 - Laserfiche WebLink

4y' 7 87-0 ' f9 I 2s i J. The costs to properly close the landfill will exceed the t a,_ t 100,000.00 set aside by Resolution 81-36. S K. POS is seeking authorization to expend said funds to be recovered out of a future rate increase. NOW, THEREFORE, PCS and CITY agree and approve as follows: 1. POS may expend funds in further closure efforts including the installation of a storm drain system anti a methane I7' gas control system as set forth to the July 8, 1986 letter from Brown & Caldwell, attached hereto as Exhibit G. The actual cost of then, closure efforts in excess of the allotted $100,000 shell be recoverable out of future rote ire a r. n. The presently contemplated. expenditures are estimated as 025,000 for PGS share of the storm drain line and $1.2•&000 to , 1. 57,000 for the boundary control system. Ii t. PGS costes pursuant. tc the Gas Migration Mitigation Agreement between PGS and Ralph Martin and Marilyn Meclun i J attached as Exhibit C) shall be recoverable Sr. future rate i increases, provided however, that if the mitigation involves a land purchase as permitted by Article VII of that Agreement, then the recoverable cost shall be re:lucad by the not reseals value cf the land. Between the time of a land purchase as referenced in Article VII and the time of resale of that land, the land a purchase payments shall he a chargeable expense of the landfill closure. Upon resale, the amounts so charged duall be credited to the account for costa related to cicsuro of the landfill site. i 3. PGS shall consult with CITY concerning any future expenditures for studies, monitoring or other purposes in closure or of the landfill. Any expenditures for olonate of the andfill greater than $10,000.00 shall be approved by the City Manager in order to be recoverable from the rate base. -hr City Manager shall not unreasonably withhold such approval. 4. FCS covenants to achieve and maintain c-o-,,li.:ace with standards actabli shed by the ';tate er;d, federal eovernioent regarding closure cf the landfill site. The CITY will approve a transfer or the l ndti.li site it legaliy adequate assurance." are presented to the CITY that the transferee will have the obligation and resources to comply with nate and federal requirements. a:_ Should the landfill be soled and,/ordeveloped, any moneys received after costs of sale shall be alto : : -d first to reimburse PGS ter its cost of the land wnlch value is $77,876.00. i Second, to be retained by PCS or the then current franchisee to offset future rate increases in an amount equal to the it expenditures necessary for closure efforts. Third, any remaining residual noneys shall be split equally between the City for the benefit of the ratepayers :.sd PCS as a return on its investment in the land. a i s 2 y x 404I. • t._ i i