|Manatee County Government Administrative Center Honorable Patricia M. Glass Chambers, First Floor 9:00 a.m. - October 8, 2019|
Agenda Item #44
Bonds - Altman Tract Parcel #4 - Accept Bond Rider
Contact and/or Presenter Information
Carmen Mosley, Sr. Fiscal Services Manager - 708-7450, Ext. 7209
Alissa Powers, Environmental Program Manager - 748-4501, Ext. 1892
Brandy Wilkins, Bond Coordinator - 708-7450, Ext. 7215
Accept Surety Bond Rider No. 08941618 in accordance with Ordinance 04-39 for the five-year period of the Operating Permit Resolution R-19-058; decreased amount from $759,500.00 to $10,000.00.
The Parks and Natural Resources Department (PNRD) has reviewed the following:
Decreased Surety Rider Bond amount for Altman Tract Parcel #4. It has been determined that the amount of $10,000.00 is sufficient to secure the mining requirements at Altman Tract Parcel #4 for the five-year period of Operating Permit R-19-058.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
The General Surety Bond is determined based on the acres of land to be disturbed during the 5-year term of the Operating Permit. Because mining is completed on the Altman Tract – Parcel #4, land has already been disturbed and is covered under the Reclamation Surety Bond. No additional land is anticipated to be disturbed during this Operating Permit. However, sometimes small areas may be re-disturbed due to unforeseen circumstances (such as relocation of infrastructure).
Instructions to Board Records
Cost and Funds Source Account Number and Name
Amount and Frequency of Recurring Costs
Attachment: Altman Tract Parcel 4 Surety Bond Rider.pdf