RES 89228 - Laserfiche WebLink

:i The C~:+`it:i t0 prap~rly C1D.~..t? the l~andfl..'.i :rlll ~;XG~:u.l thy: $100,000.00 set aside by f~a~olution ul-~6. K. PGS is seeking authorization to ~xpena paid funds t~ b~ reccvered out of a future rite increase. ilOW, THEREFORE, PCS and CITY agree and approve as follo~.~c: 1. PGS may expend funds in further closure ~rtcrt:, including the installation or a storm drain system and a m~:thanc gag control system a gat t:orth in the ~7uly 8, 1986 letter from Brown ~. Caldwell, attached hereto as Exhibit I3. The actual cost of these closure efforts in excess of the allotted $100,000 shall be recoverable out of future rate increases. The presently contemplated expenditures are estimated as $25,000 for PGS share of the storm drain line and S122,000 to ;.107,000 for the boundary control system. 2. PGS costs pursuant to the Gas t•ligratian tditig3tion Agreement between PGS and Ralph iartin and Marilyn :•:ociun (attached as Exhibit C} shall be recoverable in future rate increases, provided however, that iE the mitigation involves a land purchase a~ permitted by 1+rticle VII of that Agreement, then the recoverable cost shall be reduced by tho net resale value of the land. I3etwecn the time of a land purchase as referencua in Article VII and the time of resale of that land, the land purchases payments ::hall be a chargeabl4 .:xpensc of the landfill closure. Upon resale, the amount:, so charged shall be crc~litecl to the account for costs related to clo::urc ot: th4 landfill ~~ita. 2. PGS shall conoult with CITY concerning any t'uturQ expenditures for studi`s, monitoring or other purposes in closure of the landfill. Any expenditures for clouuru of the landfill greater than $10, 000.00 ::hall be ~ipproved by the City t•tanzg,~r in order to be recoverable from the rate ha::e. The City .•lanager shall not unreasonably crithhold such approval. ~~. PGS covenants to achieve and maintain comp.Lianc~ with standards established by the state and t:edaral c~overnmcnt regarding closure of the landfill site. The CIT'i will approve a transfer or the landfill site it legally adequate assuranc~:s are presented ~to the CITY that the transferee ;rill have the obligation and resources to comply Frith state and t:`deral requirements. 5. Should the landfill be sold and/or developed, any moneys received after casts of ~a1c shall be allocated first to reimburse PGS far its cost of the land which value i~ $77-,87u.00. Second, to be retained by PCS or the then currant franchisees to offset future rate increases in an amounC equal to the expenditures necessary for closure `fforts. Third, any remaining residual moneys shall be split equally between the city for the benefit of the ratepayers and PCS as a return on its invc~ t,,.~nc in the land.