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FINANCIAL RESPONSIBILITY COMMITMENT - DEEP INJECTION WELL <br />The Board reviewed the following memo dated 7/1/92: <br />DATE: JULY 1, 1992 <br />TO: JAMES E. CHANDLER <br />COUNTY ADMINISTRATOR <br />FROM: TERRANCE G. PINTO <br />DIRECTOR OF UTILITY SERVICES <br />PREPARED ROBERT O. WISEMEN, P.E. <br />AND STAFFED ENVIRONMENTAL ENGINEER <br />BY: DEPARTMENT OF UTILITY SERVICES <br />SUBJECT: FINANCIAL RESPONSIBILITY COI�IITM�IT <br />DEEP INJECTION WELL <br />INDIAN RIVER COUNTY PROJECT NO. IIS -91 -01 -ED <br />BACKGROUND <br />On September 24, 1991, the Board of County Commissioners approved <br />the professional services agreement between Indian River County and <br />CH2M Hill, Inc., Deerfield Beach, Florida, for the design, <br />permitting, bidding, and resident engineering inspection services <br />for a deep injection well at the proposed location on the County <br />landfill property (see attachment). <br />ANALYSIS <br />Pursuant to the requirements of Chapter 17-28.27(9) of the Florida <br />Administrative Code, the DER may order a well plugged if it is <br />determined that there is a threat to the waters of the State. The <br />permit shall require the permittee to maintain financial <br />responsibility and resourcess, in the form of performance bonds or <br />another equivalent form of financial assurance approved by the <br />Department of Environmental Regulation to close, plug, and abandon <br />the underground infection operation in a manner prescribed by the <br />DER. The current plugging and abandonment cost is estimated at <br />$291,050.00. This cost shall be reviewed on an annual basis, and <br />this obligation shall incorporate accumulated inflation costs. <br />RECOMMENDATION <br />The Department of Utility Services recommends the acknowledgment and <br />approval of the Certification of Financial Responsibility as <br />attached, which must be submitted to the Department of Environmental <br />Regulation as a requirement to the issuance of the subject <br />construction and operation well permit. <br />53 <br />N <br />�00K. C FAut jib <br />