|October 25, 2016 - Regular Meeting|
Agenda Item #35
Bonds - Mosaic Wingate Creek Mine - Accept Number Change and Bond Rider Adjustment
Contact and/or Presenter Information
Carmen Mosley, Sr. Fiscal Services Manager - 708-7450, Ext 7209
Alissa Powers, Environmental Program Manager - 748-4501, Ext 1892
Jane Oliver, Fiscal Analyst - 708-7450, Ext 7613
Accept Surety Bond Rider No. 29S107624 in conjunction with Operating Permit R-13-002 - Number Change Only (From 6307933 To 29S107624).
Accept Surety Rider No. 29S107624 Increased amount of $8,813,120.00 with Mosaic Fertilizer.
Effective December 11, 2015, the original surety on the above referenced surety bond, Safeco Insurance Company of America, was replaced by Liberty Mutual Insurance Company. The replacement surety assumes all obligations of the original surety from the date of issuance of the surety bond. Safeco Insurance Company of America termination of liability under the surety bond is a condition precedent to the change of surety.
The Parks and Natural Resources Department has reviewed the increased reclamation bond amount for Mosaic Wingate Creek Mine. The Bond is increased from $8,737,707.00 to $8,813,120.00 for the 2016/2017 Annual Report period. It has been determined that the increased amount meets the requirements of the Manatee County Phosphate Mining Code (Ordinance 04-39) and Operating Permit R-13-002 for reclamation and wetland mitigation requirements at Wingate Creek Mine; as well as for each acre of land to be disturbed during the 2016/2017 annual report year.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
Please contact Jane Oliver at Ext. 7613 when all originals are ready for pickup.
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: Wingate Ck Mine Rec SB No Change.pdf
Attachment: Wingate Ck Mine Rec SB Inc.pdf