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Council approves $1.05 million escrow payout for soil remediation; groundwater plan remains under DEP review
Summary
Council approved $1,049,576.77 from escrow to cover soil remediation at the 47-acre tract purchased by CMT Ventures (Suncoast Beverage Sales LLP). Councilmembers asked that the full environmental remediation plan and cost estimates be provided before any further escrow payments for groundwater cleanup are authorized.
The City Council on Aug. 18 approved a disbursement of $1,049,576.77 from an escrow account to cover soil-remediation costs for a roughly 47-acre tract at 4500 Dr. Martin Luther King Jr. Blvd., purchased by CMT Ventures LLC (doing business as Suncoast Beverage Sales LLP).
City staff told council the disbursement covers…
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