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This study was designed to
identify potential long-term threats and financial assurance mechanisms for long-term postclosure
maintenance and corrective action at solid waste landfills. The study
produced six deliverables, including their associated white papers, which were
reviewed and commented on by the consulting
group. The final deliverables were posted to this web page as they
were approved by the contract managers. The white papers were developed by the
contractor to explain issues, options, and rationales for each task.
Estimated Timeline for Posting
Deliverables
| Final Deliverables |
Estimated Completion Date |
Actual Completion Date |
| Task 1 and
Task 5: |
|
Work Plan
(Adobe PDF, 167 KB)
|
Jul. 25, 2007 |
Jul. 25, 2007 |
| Task 2: |
|
Report: Financial Demonstrations
|
Dec. 1, 2007 |
Oct. 10, 2007 (Draft) |
|
White paper
(Adobe PDF, 42 KB): "Review of Mechanisms"
|
Sep. 7, 2007 |
Sep. 14, 2007 |
| Task 3: |
|
White paper
(Adobe PDF, 62 KB): "Analysis of Selected Conceptual Fund Designs"
|
Sep. 7, 2007 |
Sep. 14, 2007 |
|
White paper
(Adobe PDF, 41 KB): "Review Pooled Funds Experience" and outline for
discussion with the contract team
|
Sep. 7, 2007 |
Sep. 14, 2007 |
|
White paper: "Modeling Corrective Action Frequency at Municipal
Solid Waste
Landfills to Include the Prospect of More than One Corrective
Action per Landfill"
|
Sep. 7, 2007 |
Oct. 10, 2007 (Draft) |
|
White paper: "Timing of Corrective Actions"
|
Sep. 7, 2007 |
Oct. 10, 2007 (Draft) |
|
White paper: "Potential Costs of Corrective Actions and Post 30 Postclosure
Maintenance for Municipal Solid Waste Landfills"
|
Sep. 7, 2007 |
Oct. 10, 2007 (Draft) |
|
White paper
(Adobe PDF, 152 KB): "Modeling Defaults in Task 3 Fund Working
Model"
|
Sep. 7, 2007 |
Sep. 14, 2007 |
|
White paper: "Funding Options for Owners/Operators Providing the
Funds Needed for Defaults of Post 30 Postclosure Maintenance and
Corrective Action"
|
Sep. 24, 2007 |
Oct. 10, 2007 (Draft) |
|
Report: Statewide Pooled Fund
|
Dec. 1, 2007 |
Oct. 10, 2007 (Draft) |
| Task 4: |
|
White paper
(Adobe PDF, 50 KB): "Task 4 Insurance Product"
|
Sep. 7, 2007 |
Sep. 14, 2007 |
|
Report:
- Draft and final endorsements
- Anticipated pricing structure
- Results of consultations with industry representatives re:
interest in insurance program
|
Nov. 30, 2007 |
Oct. 10, 2007 (Draft) |
| Task 6: |
Factors that Potentially Affect Landfill's Impact on Public
Health and Safety and the Environment (Adobe
PDF, 93 KB)
|
Sep. 21, 2007 |
Oct. 1, 2007 |
|
Report and method allowing staff to determine whether a given
landfill has indicators of exceptional risk.
|
Nov. 5, 2007 |
Oct. 10, 2007 (Draft) |
|
Draft Financial Assurances
Report (Adobe PDF, 3.4 MB): Consists of Tasks 2, 3,
4, and 6 reports |
Oct. 10, 2007 |
Oct. 10, 2007 |
Final
Contractors
Report (Adobe PDF, 2.9 MB) |
Nov. 26, 2007 |
Nov. 26, 2007 |
Component I:
Task 1 and Task 5: Task 1 is a development of a
finalized detailed work plan for Tasks 2 through 4 indicating the steps that
will be taken in completing each task. Task 5 is development of a finalized
detailed work plan for Task 6 indicating the steps that will be taken in
completing the task.
Deliverables: Detailed work plan for each task.
Task 2: Review existing financial demonstrations
and provide a detailed report of appropriate applicable alternative
financial mechanisms. (A minimum of 70 percent of the costs for this task must be
directed to subtask 3, which is the development of appropriate alternative
financial mechanisms with similar security attributes as current assurances.)
Deliverable: Detailed report of demonstrations consisting of a list of
applicable financial demonstrations appropriate for long-term postclosure
maintenance and corrective action
financial exposures at active and closed solid waste landfills.
Task 3: Develop a detailed report of demonstrations consisting of a working model of
a statewide pooled fund to receive equitable contributions from all
operating solid waste landfills within California to cover all long-term
postclosure maintenance
and corrective action at active and closed solid waste landfills.
Deliverable: Detailed report of demonstrations consisting of a working
model of a statewide pooled fund to receive equitable contributions from all
operating solid waste landfills within California to cover all long-term
postclosure maintenance
and corrective action at active and closed solid waste landfills.
Task 4:
Develop a model product that could be purchased by all landfill operators to
provide an umbrella insurance policy capable of assuring all long-term
postclosure maintenance
and corrective action costs at active and closed landfills not already identified and
assured to the CIWMB.
Deliverable: Insurance Certificate acceptable to insurance
industry and CIWMB contract manager that will be available from the
insurance market and that would provide an umbrella of financial
coverage to all solid waste landfills within California.
Component II:
Task 6: Develop a detailed report showing factor analysis, assumptions, and
recommendations along with automated methodology for determining overall
financial assurances coverage levels for any active or closed landfill in
California.
Deliverable: Detailed report showing factor analysis, assumptions, and recommendations
along with an automated methodology for determining overall financial
assurances coverage levels for any active or closed landfill in California.
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