Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - October 25, 2016
October 25, 2016 - Regular Meeting
Agenda Item #35

Bonds - Mosaic Wingate Creek Mine - Accept Number Change and Bond Rider Adjustment


Contact and/or Presenter Information

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

Alissa Powers, Environmental Program Manager - 748-4501, Ext 1892

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

Action Requested
  1. Accept Surety Bond Rider No. 29S107624 in conjunction with Operating Permit R-13-002 - Number Change Only (From 6307933 To 29S107624).
  2. Accept Surety Rider No. 29S107624 Increased amount of $8,813,120.00 with Mosaic Fertilizer.

Enabling/Regulating Authority

Background Discussion
  1. Effective December 11, 2015, the original surety on the above referenced surety bond, Safeco Insurance Company of America, was replaced by Liberty Mutual Insurance Company.  The replacement surety assumes all obligations of the original surety from the date of issuance of the surety bond.  Safeco Insurance Company of America termination of  liability under the surety bond is a condition precedent to the change of surety.
  2. The Parks and Natural Resources Department has reviewed the increased reclamation bond amount for Mosaic Wingate Creek Mine.  The Bond is increased from $8,737,707.00 to $8,813,120.00 for the 2016/2017 Annual Report period.  It has been determined that the increased amount meets the requirements of the Manatee County Phosphate Mining Code (Ordinance 04-39) and Operating Permit R-13-002 for reclamation and wetland mitigation requirements at Wingate Creek Mine; as well as for each acre of land to be disturbed during the 2016/2017 annual report year.

County Attorney Review
Not Reviewed (No apparent legal issues)

Explanation of Other

Reviewing Attorney

Instructions to Board Records
Please contact Jane Oliver at Ext. 7613 when all originals are ready for pickup.

Cost and Funds Source Account Number and Name

Amount and Frequency of Recurring Costs

Attachment:  Wingate Ck Mine Rec SB No Change.pdf
Attachment:  Wingate Ck Mine Rec SB Inc.pdf