CONTENT COPY OF ORIGINAL
W = the cumulative number of tonnes of waste that have been deposited in the landfilling Site at the time the amount of financial assurance is calculated;
I1 = the 1997 Annual Average Non-Residential Building Construction Price Index for Toronto, determined with reference to the same base year as is applicable to I2, as published by Statistics Canada under the authority of the Statistics Act( Canada); and
I2 = the most recent Annual Average Non-Residential Building Construction Price Index for Toronto available at the time the amount of the financial assurance is calculated, as published by Statistics Canada under the authority of the Statistics Act( Canada).
Revised B. 3 Schedule of Payment for Financial Assurance YEAR
TOTAL ANNUAL ACCUMULATED FINANCIAL ASSURANCE AMOUNT
2011 $ 2,768,143.00 2012 $ 3,693,566.00 2013 $ 5,540,349.00 2014 $ 7,387,133.00 2015 $ 9,233,916.00
REASONS The reason( s) for this amendment to the Approval is( are) as follows:
The reason for this amendment is to update the ECA to reflect the change of the ownership / Operator for the Site, as per the Order of the Ontario Superior Court of Justice in file No. 07-CL-7162, dated Thursday, April 5, 2012. Conditions 78 and 80 are amended to update the financial assurrance for the Site to reflect the variations in the amount required based on current economic factors, and to set new payment schedule for the financial assurance to replace the lapsed schedule. The financial assurance must be sufficient and up-to-date to pay for compliance with and performance of any action specified in the ECA.
This Notice shall constitute part of the approval issued under Approval No. A110302 dated July 10, 1980, as amended.
In accordance with Section 139 of the Environmental Protection Act, you may by written Notice served upon me and the Environmental Review Tribunal within 15 days after receipt of this Notice, require a hearing by the Tribunal. Section 142 of the Environmental Protection Act provides that the Notice requiring the hearing shall state:
1. The portions of the environmental compliance approval or each term or condition in the environmental compliance approval in respect of which the hearing is required, and; 2. The grounds on which you intend to rely at the hearing in relation to each portion appealed.
Pursuant to subsection 139( 3) of the Environmental Protection Act, a hearing may not be required with respect to any terms and conditions in this environmental compliance approval, if the terms and conditions are substantially the same as those contained in an approval that is amended or revoked by this environmental compliance approval.
The Notice should also include:
3. The name of the appellant; 4. The address of the appellant; 5. The environmental compliance approval number; 6. The date of the environmental compliance approval; 7. The name of the Director, and; 8. The municipality or municipalities within which the project is to be engaged in.