Commission hears technical clarification on corrective-action amount and bonds
Engineer Stoddard explained TDEC-set financial-assurance brackets and said the corrective-action figure shown in the packet was dictated by the permit; commissioners asked whether the $1,000,000 performance bond for contractor default is separate from corrective-action amounts.
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During public comment a speaker read specific contract figures and asked whether an increase described as "corrective action" was related to a $1,000,000 performance bond for contractor default. The speaker recited numbers: "Originally, it was $25,783,860.02, and they added $89,868.80 ... Is that corrective action of $9,868.80 for $1,000,000 bond if they walk away?" The Chair and staff asked Stoddard to explain permit-based financial-assurance categories.
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