www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - February 9, 2016
REVISED February 9, 2016 - Regular Meeting
Agenda Item #33


Subject
Bonds (Mining) - Four Corners Mine

Briefings
None

Contact and/or Presenter Information

Carmen Mosley, Sr. Fiscal Services Manager - 708-7450, Ext. 7209

Jane Oliver, Bond Coordinator - 708-7450, Ext. 7613

Alissa Powers, Env Program Mgr., Mining - 748-4501, Ext 1892



Action Requested
  • Accept Surety Bond Rider No. 400KG6200 in conjunction with Operating Permit No. R-16-001 Increasing From $249,250.00 To $300,225.00


Enabling/Regulating Authority
N/A

Background Discussion

The general surety bond is adjusted every time a new operating permit is accepted by the Board.  Usually, this is every 5 years, however, Mosaic added a new tract to the Four Corners Mine and, therefore, submitted for a new operating permit which was accepted on January 7, 2016.  Mosaic now has 60 days to submit the new general surety bond to Manatee County.  According to Ordinance 04-39, “The applicant shall file with the Board a surety bond or bonds payable to the County with a principal amount equal to five hundred dollars for each acre of land to be disturbed during the term of the operating permit.”  By this action, Mosaic will remain in compliance with this Ordinance.

The increase has been reviewed and approved by the Parks and Natural Resources Department.  It has been determined that the amount of $300,225.00 is sufficient to secure the mining requirements at the Four Corners Mine for the 5 year term of Operating Permit No. R-16-001.



County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
  1. Please contact Jane Oliver at extension 7613 when original executed documents are ready for pick-up
  2. Please contact Alissa Powers via email at alissa.powers@mymanatee.org when item has been accepted


Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A


Attachment:  Four Corners SB Rider.pdf