File #: ID# 126-20    Version: 1 Name:
Type: Action Item Status: Passed
File created: 1/13/2020 In control: Public Works
On agenda: 1/21/2020 Final action: 1/21/2020
Title: STANDISH PIT SUBJECT: Resolution establishing Pledge of Revenue for Financial Assurance on the Standish Pit, CA Mine ID# 91-18-0030, in the amount of $500,000. FISCAL IMPACT: A Pledge of Revenue from the Road Fund/Budget Unit No. 122-1221 for financial assurance for the reclamation plan on the Standish Pit in the amount of $500,000. ACTION REQUESTED: Adopt Resolution “Resolution Establishing Pledge of Revenue For Standish Pit (CA Mine ID# 91-18-0030) To Satisfy Requirements Of Section 2773.1 Public Resources Code For Financial Assurance To Reclaim Open Pit Mines.”
Attachments: 1. PW Standish Pit Attach

Title

STANDISH PIT

SUBJECT: Resolution establishing Pledge of Revenue for Financial Assurance on the Standish Pit, CA Mine ID# 91-18-0030, in the amount of $500,000.                     

FISCAL IMPACT: A Pledge of Revenue from the Road Fund/Budget Unit No. 122-1221 for financial assurance for the reclamation plan on the Standish Pit in the amount of $500,000.

ACTION REQUESTED: Adopt Resolution “Resolution Establishing Pledge of Revenue For Standish Pit (CA Mine ID# 91-18-0030) To Satisfy Requirements Of Section 2773.1 Public Resources Code For Financial Assurance To Reclaim Open Pit Mines.”