www.mymanatee.org
Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - November 18, 2014
REVISED November 18, 2014 - Regular Meeting
Agenda Item #50


Subject
Bonds: Southeast Tract Mine - Accept Reclamation Bond Rider

Briefings
None

Contact and/or Presenter Information

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

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



Action Requested
  • Accept Surety Bond No. K06989123 Rider, in the Reduced amount of $3,821,551.00, with Mosaic Fertilizer, LLC


Enabling/Regulating Authority
N/A

Background Discussion

In accordance with Ordinance 04-39, a phosphate mine reclamation bond covers 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. On an annual basis, the accuracy of the bond areas and the costs of reclamation is certified by a registered third party engineer and is reviewed and approved by the Director or his designated staff.

The Parks and Natural Resources Department has reviewed the reduced reclamation bond amount for Southeast Tract Mine.  This Bond is reduced from $4,109,700.00 to $3,821,551.00 for the 2014/2015 Annual Report period.  It has been determined that the reduced amount meets the requirements of the Manatee County Phosphate Mining Code (Ordinance 04-39) and Operating Permit R-14-002.



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 taken on this item to jane.oliver@mymanatee.org.
  2. Please contact Jane Oliver at Ext. 7613 when the original document is ready for pickup.


Cost and Funds Source Account Number and Name
N/A

Amount and Frequency of Recurring Costs
N/A


Attachment:  Southeast Tract Mine Surety Rider.pdf