(a) Prior to the issuance of a permit for incinerators, liquid waste handling facilities, resource recovery facilities, sanitary landfills, transfer stations or Class V recycling facilities, the applicant shall post security. The purpose of such security is to assure that the applicant will comply with the requirements of such permit, the provisions of this Code and the rules and regulations promulgated hereunder, and to secure payment of the city's expenses incurred in correcting any dangerous condition or defect existing in such facility or in responding to any emergency created as a result of the operation of the facility, and also to assure closure of the site and post-closure care in accordance with the requirements of this Code. Such security shall be maintained in effect for 90 days after the notice of the official closure of the facility has been given in writing to the commissioner.
Security shall be provided in the following amounts, unless the commissioner, upon review of the applicant's operations, determines that a higher amount is necessary:
Transfer station.....$100,000.00
Incinerator.....$250,000.00
Liquid waste handling facility.....$250,000.00
Resource recovery facility.....$250,000.00
Sanitary landfill.....$500,000.00
Class V recycling facility.....$25.000.00
(b) The commissioner shall specify the form, or forms, or combination of forms of security required by this section, and the commissioner shall also specify the amount or amounts of any such security. The commissioner may increase the amount of the required security based on a review of the facility's operations during the time the permit is issued or renewed. Any such specification by the commissioner as to form or amount shall be subject to the approval of the city comptroller and the corporation counsel.
(c) In no event shall the security required by this section be deemed to be the limit of the permittee's liability for its equipment, process or operation or its activities at the facility.
(d) No security under this section shall be required of the City of Chicago.
(Prior code § 17-1.34; Amend Coun. J. 3-8-89, p. 25433; Amend Coun. J. 1-19-90, p. 10553; Amend Coun. J. 3-6-96, p. 17625; Amend Coun. J. 9-1-99, p. 10090, § 1; Amend Coun. J. 4-9-08, p. 24657, § 5; Amend Coun. J. 2-9-11, p. 112149, § 4; Amend Coun. J. 11-8-12, p. 38872, § 196)