2024-2025 Financial Responsibility Agreement with Mosaic Fertilizer, LLC

Original title: 2024-2025 Financial Responsibility Agreement between Hillsborough County and Mosaic Fertilizer, L.L.C. Authorize for execution the 2024-2025 Financial Responsibility Agreement between Hillsborough County and Mosaic Fertilizer, LLC. This is an agreement renewed annually that ensures that if Mosaic Fertilizer, LLC were to fail to complete reclamation of mined lands in Hillsborough County that there would be funding available for the County to complete the reclamation work. This Financial Responsibility Agreement protects the County from negative financial impacts of adverse environmental issues and or failure of the company to complete required reclamation activities.

Record date · February 11, 2025

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What This Bill Does

Hillsborough County has authorized a recurring annual agreement with Mosaic Fertilizer, LLC to ensure funding is available for land if the company fails to complete its required environmental restoration work. This agreement serves as a financial safeguard for the County regarding mined lands.

Why it matters

This agreement ensures that Hillsborough County taxpayers are not held financially responsible for the costs of restoring mined lands if Mosaic Fertilizer, LLC fails to fulfill its legal obligations.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Hillsborough County Residents

Residents are protected from potential public financial liability for land reclamation costs if the mining company defaults.

Directly affected

Mosaic Fertilizer, L.L.C.

The company is contractually obligated to maintain financial responsibility for the reclamation of its mined lands.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What is the purpose of this agreement?

It ensures that if Mosaic Fertilizer, LLC does not complete required land , the County has access to funds to finish the work itself.

Is this a new agreement?

No, this is an agreement that is renewed annually.

What else do you want to know?

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Full breakdown

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Annual Renewal Pattern

The document confirms that financial responsibility agreements for mining reclamation are handled as recurring annual renewals rather than long-term static contracts.

Hillsborough County Mosaic Fertilizer, L.L.C.