www.mymanatee.org
Manatee County Government Administrative Center First Floor, Commission Chambers 9:00 a.m. - January 23, 2018
REVISED January 23, 2018 - Regular Meeting
Agenda Item #36


Subject
Mining - Altman Tract, Parcel No. 4 Reclamation Bond Rider Adjustment

Briefings
None

Contact and/or Presenter Information

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

Alissa Powers, Environmental Program Manager, Parks & Natural Resources, 748-4501, Ext. 1892

Jane Oliver, Fiscal Analyst, 708-7450, Ext. 7613



Action Requested
  • Accept Surety Bond No. 08941617 Rider, in the decreased amount of $7,346,633.00.


Enabling/Regulating Authority
N/A

Background Discussion

In accordance with Ordinance 04-39, a phosphate mine reclamation bond covers one hundred ten percent (110%) of the reclamation cost for each acre of land to be disturbed during the coming year and all land previously disturbed by mining activities, and includes the costs of the wetland mitigation and the tear-down and removal of mine infrastructure.

The Altman Tract, Parcel No. 4 Reclamation Bond Number 08941617 has been decreased to $7,346,633.00 (existing bond amount is $7,526,442.00).  This bond rider adjustment covers reclamation and wetland mitigation requirements, including the fixed wetland bonding amount of $2,000,000.00 as well as for each acre of land to be disturbed during the 2017/2018 annual report year.

The bond rider amendment was certified by a registered third party engineer and is reviewed and approved by the Director of the Parks & Natural Resources Department or his designated staff.



County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other


Reviewing Attorney
N/A

Instructions to Board Records
  1. Please notify Jane Oliver at jane.oliver@mymanatee.org when document is ready for pickup.
  2. Please provide copies of the executed documents after they have received Board of County Commission acceptance to Alissa Powers at alissa.powers@mymanatee.org.


Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A


Attachment:  Altman Parcel 4 SB Rider.pdf