Landfl

Landfl - Financing Environmental Cleanup Chesterfield...

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Financing Environmental Cleanup Chesterfield Municipal Landfill Intergenerational Equity Which generation should pay for the cleanup of the landfill?
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Overview Example of environmental failure cost. By how much do garbage fees need to increase to pay for the failure of the old landfill? What are the limitations on raising fees? Legal or political
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One time cost of cleanup Total cost over $36 million EPA reimbursement Air stripping Clay cap Groundwater monitoring wells Extension of water system Costs paid from another source Attorney fees, city attorney, director of public works
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Annual Cost Items included: Maintenance of clay cap Interest expense on bonds Sinking fund deposit Operating Expenses for new landfill
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Municipal Bond Method for City to borrow from investors Bonds are similar to an interest only loan Balloon payment at the end of the term See detail explanation in slide appendix Bond sinking fund
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This note was uploaded on 08/06/2008 for the course ESM 281 taught by Professor Cerf during the Spring '08 term at UCSB.

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Landfl - Financing Environmental Cleanup Chesterfield...

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