City of West Covina City of West Covina Presentation to thePresentation to the

California Integrated Waste California Integrated Waste Management BoardManagement Board

June 14, 2005June 14, 2005

Aerial View of West Covina

Aerial View of BKK Landfill

Proposed DevelopmentBLD, Commercial Development, and

Golf Course Development

Landfill Closure Funding Shortfall

• $6.8 Million Cost to Close Landfill in Accordance with State Requirements

• $2.3 Million Required to Meet Original Closure and City Requirements

• $1.2 Million CIWMB Clean Up and Remediation Funds

• $1.1 Million Funding Shortfall for City

City’s Financial Contributions

• Purchase Agreement Funds from City Used Only for Landfill Remediation

• $2.5 Million Paid Class III and Class I Financial Assurance Premiums

• Paid for Environmental Investigation on Parcel I (A BKK Obligation)

• Potential Contribution of $1.1 Million Closure Shortfall by City

Win – Win Resolution• Reduced Closure Costs for

State• Expedite Landfill Closure• Allow Completion of

Brownfields Development• Complete Landfill Closure