www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - July 25, 2017
REVISED July 25, 2017 - Regular Meeting
Agenda Item #43


Subject
Bonds - 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, 742-5980, Ext. 1892

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



Action Requested
  • Accept Surety Bond No. 08941617 Rider, In the Increased amount of $7,526,442.00


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 increased to $7,526,442.00 (existing bond amount is $7,096,412.00).  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 remainder of the 2016/2017 annual report year.

The bond rider amendment was certified by a registered third party engineer and is reviewed and approved by the Director 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 provide confirmation of the action on this item to Alissa Powers at alissa.powers@mymanatee.org.
  2. Please contact Jane Oliver at Ext. 7613 when original documents are ready for pick-up.


Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A


Attachment:  Altman Tract No 4 Surety Rider.pdf