Civic IQ
FINANCIAL_SERVICESPENDING

Financial Assurance Required for Kelp Farm Removal

The Coastal Commission will require Ocean Rainforest, Inc. to secure robust financial assurance, such as a performance bond or letter of credit, before building each phase of its kelp facility. These instruments, backed by detailed cost estimates, ensure funds are available to fully remove the project and restore the site if the operator does not.

Document date · August 28, 2026

Issuing agencyCalifornia Coastal CommissionVendorOcean Rainforest Inc

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Prior to construction of Phase 1 and before each subsequent new phase; maintained until full facility removal and site restoration
Renewal
Financial assurance amounts must be updated before each new phase to reflect current and additional infrastructure, and maintained until the Executive Director certifies full removal and restoration.
Document type
StaffReport
Source document
California Coastal Commission Staff Report Consistency Certification No. CC-0001-25 2026-08-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Coastal Commission?

Ocean Rainforest Inc was awarded this financial services contract by California Coastal Commission, as recorded on August 28, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in California Coastal Commission Staff Report Consistency Certification No. CC-0001-25 2026-08-28 (StaffReport), dated August 28, 2026 from California Coastal Commission. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ocean Rainforest Inc hold?

Ocean Rainforest Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Ocean Rainforest Inc's profile

What is California Coastal Commission currently buying?

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