When he alerted police, they dragged up the heavily calcified car; inside they found the body of Moldt, who had been 40 years old when he vanished on the night of November 7, 1997.
Both the vehicle and Moldt's remains were taken the Medical Examiner's Office for processing, WPTV reported.
According to the National Missing and Unidentified Persons System (NamUs), Moldt had gone to a night club the night he disappeared. He left the club at around 11pm, alone, and did not appear intoxicated.
He was described as a "quiet man" and did not socialize much at the club. The report also claimed that while he was not a frequent drinker, he did have several drinks at the bar.