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Foothill Santary Landfill Preliminary *sure Plan <br /> Revision #1 may 6, 1994 <br /> IV. FINANCIAL ASSURANCE <br /> The current cost estimates submitted with this plan indicate that <br /> capital closure cost is estimated at $ 3,100,000. An enterprise <br /> fund has been established to ensure that adequate funds will be <br /> available for closure at the most expensive time of closure. The <br /> following calculations show how much money per ton of waste will <br /> be collected to provide adequate funds. <br /> Design Capacity = 109, 194, 000 cubic yards <br /> Final cover soil = 5, 203, 000 cubic yards <br /> Waste Capacity (includes daily cover) = 102, 116, 000 cubic yards <br /> 1. Total Site Capacity = 45,952,000 tons. <br /> 2. Capacity of first three modules = 4,754,000 tons. <br /> 3 . Total Closure Cost $ 3 , 100, 000 / 4,754, 000 = $.65/ton. <br /> Closure funds collected are based on the life and capacity <br /> for the first three modules only, since this would be the <br /> most expensive time for closure. The formula used to <br /> calculate the annual deposits is taken from Title 14, <br /> Chapter 3 , Article 7 .8, section 18282 (b) (3) . <br /> A total of $0. 65 will be set aside in the closure enterprise fund <br /> for each ton of waste received. This will guarantee that <br /> sufficient funds will be available for closure and postclosure at <br /> the most expensive time. <br /> 28 <br />