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Council authorizes $1.69 million letter of credit to meet EPA performance-guarantee for groundwater site
5744053 · September 8, 2025
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Summary
Council authorized the mayor to execute documents for a $1,690,304.25 letter of credit collateralized by a CD to satisfy an EPA annual performance guarantee for a groundwater contamination site.
The Hastings City Council authorized the mayor to execute documents to obtain and maintain a letter of credit for $1,690,304.25 from 5 Points Bank to satisfy the U.S. Environmental Protection Agency’s annual performance-guarantee requirement tied to a local groundwater contamination site. The…
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