Title:
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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.”
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