Manatee County Government Administrative Building First Floor, Chambers December 3, 2015 - 9:00 a.m.
December 3, 2015 - Land Use Meeting
Agenda Item #5

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


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. 08941617 Rider, in the increased amount of $6,375,377.00

Enabling/Regulating Authority

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.  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 Altman Tract, Parcel No. 4 Reclamation Bond Number 08941617 has been increased to $6,375,377.00 [existing bond amount is $5,979,895.00]. This bond rider adjustment includes the cost to disturb an additional area in order to accommodate haulage of topsoil to reclamation wetlands during the 2015/16 annual report cycle. The reclamation bond amount also 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 planned to be disturbed during the 2015/2016 annual report year

County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other

Reviewing Attorney

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 original documents are ready for pickup

Cost and Funds Source Account Number and Name

Amount and Frequency of Recurring Costs

Attachment:  Altman Tract No 4 Surety Rider.pdf