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<br /> <br /> <br />1810 East Hazelton Avenue | Stockton, California 95205 | T 209 468 3000 | F 209 468 2999 <br />Follow us on Facebook @ PublicWorksSJC Visit our website: www.sjgov.org/pubworks <br /> <br />Department of Public Works <br /> <br />Fritz Buchman, Director <br /> <br />Alex Chetley, Deputy Director - Development <br />David Tolliver, Deputy Director - Operations <br /> Najee Zarif, Deputy Director - Engineering <br />Kristi Rhea, Deputy Director - Administration <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />June 10, 2024 <br /> <br />Elizabeth Felix Elizabeth.Felix@CalRecycle.Ca.Gov <br />Financial Assurances Unit, MS 10A-15 <br />California Department of Resources Recycling and Recovery (Cal Recycle) <br />1001 “I” Street <br />Sacramento, CA 95814 <br /> <br />SUBJECT: FINANCIAL ASSURANCE DEMONSTRATION FOR CLOSURE, POST-CLOSURE <br />MAINTENANCE, CORRECTIVE ACTION AND OPERATING LIABILITY FOR <br />NORTH COUNTY RECYCLING CENTER AND SANITARY LANDFILL, <br />FACILITY NO. 39-AA-0022 <br /> <br /> <br />Dear Ms. Felix: <br /> <br />Enclosed, please find San Joaquin County’s documentation of financial assurance and <br />sufficiency of funds for reporting year 2022-2023 for the North County Recycling Center and <br />Sanitary Landfill (NCRC&SL). This information is submitted in accordance with Title 27 <br />California Code of Regulations Chapter 6. <br /> <br /> <br />CLOSURE <br /> <br />• Total permitted capacity of NCRC&SL: 41.2 million Cubic Yards (CY) <br />(Per JTD July 2020) <br />• Closure Cost Estimate: $ 17,296,674 (2023 dollars) <br />• Annual Capacity Filled: 316,200 CY <br />• Cumulative Capacity Filled: 8,902,464 (Through 7-31-23) <br />• Remaining Capacity: 32,297,536 CY <br />• Remaining Closure Cost: $ 15,178,664 (2023 dollars) <br />• Required Minimum Balance Increase (2022-23): $ 148,602 <br />• Minimum Fund Balance Required: $ 2,266,313 <br />• Closure Fund Balance as of September 30, 2023 $ 2,257,011 <br />• Closure Fund Shortage $ 9,302 <br /> <br />CLOSURE FUND BALANCE <br />The closure fund shortage was due to unexpected high inflation and will be corrected this FY.