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HomeMy WebLinkAbout2010/02/23 Item 8 ITEM TITLE: SUBMITTED BY: REVIEWED BY: 4/5THS VOTE: CITY COUNCIL AGENDA STATEMENT :!)- (~ CITY OF .~ (HULA VISTA Item No.: 6' Meeting Date: 02/23/10 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA DIRECTING STAFF TO TAKE ALL ACTION NECESSARY TO SECURE FINANCIAL ASSURANCE ON THE OTAY VALLEY QUARRY, AS REQUIRED BY THE STATE OF CALIFORl"lIA SURFACE MINING AND RECLAMATION ACT (SMARA), INCLUDING EXERCISING ITS RIGHTS UNDER THE EXISTING LETTER OF S.~YIT FOR $2.3 MILLION. DEPUTY CITY MANAGiWDEVELOPMENT SERVICES DIRECTOR CITY ATTORN~ CITY MANAGE7 YES NO X BACKGROUND The City Council is being requested to direct staff to take all actions necessary to secure the Financial Assurance for the Otay Valley Quarry under the State of California Surface Mining and Reclamation Act (SMARA), including exercising its rights under the existing letter of credit issued by First National Bank in the amount of $2.3 million (Letter of Credit). Staff is recommending that the funds be transfened to another secured account to be held in trust by the City and State, such that, there would not be a forfeiture of the funds under the Letter of Credit. The City and State would hold the monies received from the Letter of Credit in a special trust account until such time as it can be released to Rimrock as allowed by SMARA. ENVIRONMENTAL REVIEW The Environmental Review Coordinator has reviewed the proposed activity for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378 of the State CEQA Guidelines; therefore, pursuant to Section 15060(c)(3) of the State CEQA Guidelines the activity is not subject to CEQA. Thus, no environmental review is necessary. 8-1 Date, Item No.: 'is Meeting Date: 02/23/10 Page 2 of 3 RECOMMENDATION That the City Council adopt the Resolution. BOARDS/COMMISSION RECOMMENDATION N/A. ANALYSIS The Otay Valley Quarry is located at the eastern terminus of Main Street and has been in operation since the early 1900's. The site was formerly located within the jurisdiction of the County of San Diego and was annexed into the City of Chula Vista in 1997. The City of Chula Vista affirmed the vested right to mine the site in December of2008. The original reclamation plan for the Quarry was approved by the County of San Diego in 1979. An amended reclamation plan was approved for the site by the State Mining and Geology Board in 2006. The amended reclamation plan for the site includes a financial assurance estimate for mine reclamation in the amount of $2.3 million. The Letter of Credit in the amount $2.3 million was provided by the previous mine operator Rimrock CA LLC (Rimrock). In April of 2009, ownership of the Otay Valley Quarry was transferred from Rimrock to Otay Valley Rock LLC (New Operators). Even though ownership of the mine was transferred to the New Operators, the Quarry is still openiting under the financial assurance provided by Rimrock by the Letter of Credit. The Letter of Credit provided by Rimrock purports to expire on March 1,2010. Pursuant to the requirements of the SMARA, mine operations are required to provide a financial assurance that covers the costs of the mine reclamation activities specified in the adopted mine reclamation plan. In addition, SMARA requires financial assurances to be provided by the operator for the duration of the mining operation or until reclamation is completed. If the mining operation is sold or ownership is transferred to another person, the existing financial assurance is required to remain in force and shall not be released by the lead agency until new financial assurances are secured from the new owner. Therefore, even though ownership of the mine was transferred to the New Operators, the existing Letter of Credit is required to remain in effect. The City notified Rimrock on February 10,2010, (Attachment "A") that it is required by state law to provide the City with financial assurance that is good for the duration of the mining operation or until reclamation is completed. The Letter of Credit previously provided by Rimrock did not comply with the requirements of the law under SMARA. The City has made numerous requests for the New Operator, who bought the operations from Rimrock, to provide a financial assurance to replace the Letter of Credit due to expire on March I, 2010. To date, a new financial assurance has not been provided to the City in spite of countless attempts to work with the New Operator (Attachment B). Finally, the City has notified First National Bank that it is not allowed by either the terms of the Letter of Credit nor by law to J:\Planning\SteveXP\Quarry\StatTRepclIt cityversion part 2 - fmal.doc 8-2 Date, Item No.: '6 Meeting Date: 02/23/10 Page 3 of 3 release the Letter of Credit without the approval of the City and State. The City will continue to pursue recourse against the Bank should it become necessary. Under SMARA, the purpose of providing financial assurance is to protect the general health. safety and welfare of the public in the event a quarry operator is not financially capable of performing reclamation in accordance with an approved reclamation plan. In such instances, the financial assurance would be available to complete reclamation of the quarry site in order to prevent an unsafe condition and permanent visual blight. The action tonight would permit the City to secure the financial assurances held by the City under the Letter of Credit. In order to protect the general health, safety and welfare of the community, the City will hold the monies from the Letter of Credit in a special trust account for the period of time allowed by SMARA. DECISION-MAKER CONFLICTS Staff has reviewed the property holdings of the City Council and has found no property holdings within 500 feet of the boundaries of the property which is the subject ofthis action. CURRENT YEAR FISCAL IMP ACT There will be no net fiscal impact to the 'General Fund from this work effort. All costs associated with processing this request have been paid by the quarry operator. ON-GOING FISCAL IMPACT There will not be an on-going fiscal impact associated with this action since the action does not commit the City of Chula Vista to the expenditure of any City funds. Attachment A - Notice of Violation Attachment B - Letters from staff to Quarry Operator Attachment C - Order to Comply Attachment D - Letter of Credit prepared by: Steve Power. Alep Principal Planner, Planning & Building Dept. J:\Planning\SteveXP\Quarry\StaffReport cityversion part 2 ~ final.doc 8-3 --~~ NOTICE OF VIOLATION February 10,2010 Rinrrock CA, LLC c/o Mr Rob Cameron 1392 East Palomar Street, Suite 202 Chula Vista, CA 91913 Deal Nil. Cameron: In accordance with the requirements set forth in Califomla Public Resources Code Section 2774 1 you are hereby notified that Rirnrock CA~ II C is in violation of Public Resources Code Sections 2773 l(a)(2) and 2773 1(b)(4)(c) Public Resources Code Section 2773 I(a) (2) provides tbat: "The financial assurances shalllemain in effectfoT the dUfation oj the surface mining operation and any additional period unti/leclamation is complete" Public ResoUIces Code Section 2773. 1 (b) (4) (c) lequires tbe following: "If a mining opelation is sold 01 owner:ship ls tUltlSfel1'€d to another per.son, the existingflnancial assurance shall remain in force and shall not be released by the lead agency until new financial assurances ate secured from the new owner and have been approved by the lead ag~ncy in accoldance with Section 2770 " RiII1I ock CA, I.L-C provided financial assurance fO! the quarry reclamation activities in a form of letter of credit issued by First Bank which is unlawfully due to expire on March 1, 2010 You are required to provide a fOIID of financial assUlance to remain in effect for the duration of the surface mining operations_ The transfer of ownership of the rock quarry operations does not relieve you of this obligation A new financial aSSllmllce has not been provided by the new quarry operato! Therefore we ate hereby requesting that you take action to rectify this situation and remain in compliance with the law by extending the letter of credit issued by Fust Bank to meet the requirements of Public Resources Code Sections 2773 l(a)(2) and 27731 (b)(4Xc) rfyou do not comply the City will take actioTIs allowed by law Please call Principal Planner Stephen Power al (619) 409-5864 should you wish to discuss this matteI further . ~:]y, LLfftr- :xJ:;;~l~~i1cp Deputy City lvIanageIiDevelopment Services Director cc: Stephen Power AICP, Principal Planner State Office of Mine Reclamation City of Chub Vista Attachment A 8-4 f:.;. ~._. ,-,~-"...-....-~ ,,""--,- ~Jft... ~~ ~ -- C1lY OF CHlUiA VISTA DEPARTMENT OF ENGINEERING SENT VIA CERTIFIED MAlL October 20, 2009 File No. 0710-46-PG-782 Otay Valley Rock, LLC Attn: Chris Orbon 601 E Palomar Street, Suite CI12 Chula Vista, CA 919 I 1 FOLLOW UP TO OUR OCTOBER 13, 2009 INSPECTION. OTAY RANCH QUARRY, CA MINE ill NO. 91-37-0035 This is a follow up to our recent inspection of your mine operation that was performed on October 13, 2009. During the inspection, you agreed to comply with the following items and deadlines: 1- Revised Financial Assurance The Department of Conservation requires the financial assurance amount be updated annually. Failure to comply with this requirement will result in removing your-mining operation from the AB 3098 List. Public Contract Code preclude mining operations that are not on the AB 3098 List from selling sand, gravel, aggregate, or other mined materials to state or local agencies. As we discussed during the inspection, we have been asking your office for the submittal of a Revised Financial Assurance Amount Calculation for over six months. To date, we have not received it. The cost estimate must be prepared professionally by a person deemed qualified to do so. Therefore, if we do not receive the Revised Financial Assurance Amount Calculation by October 30, 2009, we will advise the Department of Conservation to remove you from the AB 3098 List. 2- Aerial Photographs As a requirement of the annual inspection, you must provide recent aerial photos of your mining site and delineate the property lines and the reclamation plan on the aerial photos. This is a requirement of the City of Chula Vista, Surface Mining Operations Ordinance No. 2921, Section 19.69.120.c. The aerial photographs shall consist of: i) Defined, marked and permanent ground controls; and ii) Planimetric map of the mining site based on the aerial models with five-foot contours and drawn to 1 inch equal 200 feet scale. 27(, FOURTH AV~NUE I (HULA VISTA, CALIFORNIA 91910-2631 / (619) 691.5021 @?<><lC.".,'u.....,R.<'/clodP>V.. 8-5 Attachment B Otay Valley Rock 2 October 20, 2009 According to the City Ordinance, the Aerial photos are due on July first of every year. So far we have not received the aerial photos for the year 2009. If do not receive the aerial photos by November 16, 2009, we will consider your action as a violation of the City Ordinance and the City Municipal Code and proceed with an enforcement action in accordance to State of California Public Resources Code Sections 2774.1 and 2774.2, as well as the provisions of the Chula Vista Municipal Code concerning violations and penalties. 3- Marking the PVC Posts As we discussed during the inspection, upon our request the previous owner of the mining operation delineated the reclamation boundaries with PVC posts that had numbering system that correspond to a marked map. These posts were very helpful in guiding your operators by preventing any encroachment outside the boundaries of the reclamation plans, and guiding us during inspection, Unfortunately, the numberings on the posts were faded out because they were marked with permanent markers that could not withstand outside weather. We bighly recommend that you re-mark these posts with aluminum tape for future reference. Please refer to the map and the information sheet on the aluminum tape that I handed you during the inspection. Weare aware that you are currently processing a permit with the City to expand your mining operation, and we are looking forward to assist you in meeting your deadlines. If you have any questions regarding this inspection report, please call Jamal Naji at (619) 409-571. cc: Melody Mitchell, Department of Conservation, Office of Mine Reclamation, 801 K Street, 9th Floor, MS 09-06, Sacramento, CA 95814-3530 Kbosro Aminpour, Department of Public Works Operations Steve Power, Department of Planning and Bnildings Verne Freeman, Freeman Associates, 994 San Antonio Road, Palo Alto, CA 94303 J:\Engineer\LANDDEV\Projccls\1\tfiscdl:mcous Projects\OTA Y RAr."tCH QUARRY\2009\FoUow up Letter to Inspection on Oct 13 09.doc CITY OF CHULA VISTA 8-6 ~v~ ~..~--". ;i"-. _ - ~-. ~ ~ - (IN OF CHUIA VISTA December 4, 2010 File No. 071 0-46-PG-782 DEPARTI"IENT OF ENGINEERING Otay Valley Rock, LLC Altn: Liam Devlin 601 E Palomar Street, Suite Cl12 Chula Vista., CA 91911 FINAL REQUEST FOR PROVIDING FINANCIAL ASSURANCE FOR OTAY RANCH QUARRY,CA MINE ID NO. 91-37-0035 The City hereby requests that you replace the financial assurance to the satisfaction of the City staff and Office of Mine and Reclamation by January 4, 2010 (60 days prior to expiration date of the current financial assurance) to secure the reclamation plans and be allowed to continue operation. It is your responsibility, as signatory of the Statement of Responsibility (see Attachment) to maintain the financial assurance for reclaiming the whole mining operation as depicted in the reclamation plans. The current financial assurance for your mine was provided by Rimrock CA, LLC, in the form of Irrevocable Standby Letter of Credit with an expiration date of March 1,2010. It is imperative that the City be assured that the financial assurance for the mine be secured until the reclamation process is finalized. As you recall, we have been asking for a replacement to the financial assurance since you took control of the mine operation in Aprilof2009. We thank you for your cooperation. Please acknowledge the receipt of this letter by in" below. If you have any questions, please call Jamal Naji (619) 409-5921. Acknowledgment of Receipt of this Letter U 1/11 (J 8/L-i..-l Print Name /~/O~/2009 Date / cc: Melody Mitchell, Department of Conservation, Office of Mine Reclamation, 801 K Street, 9th Floor, MS 09-06, Sacramento, CA 95814-3530 Khosro Aminpour, Department of Public Works Operations Steve Power, Department of Planning and Buildings Verne Freeman, Freeman Associates, 994 San Antonio Road, Palo Alto, CA 94303 J:\Enginccr\L\NDD,EV\Projccts\vlisccll:mcous Projccts\OTA Y RANCH QUAR:itY\2009\Rcqucs.ting Rcpl<lccmCnl to F A.doc 276 FOURTH AVENUE I CHUlA YlSTA, CAl1FORN!A 91910-2631 f ((19) 691-5021 @;I~"'C""'U",",I',."rl,"lr'I"" 8-7 STATEMENT OF RESPONSIBILITY I, the undersigned, hereby agree to accept full responsibility for reclamation of all mined lands as described and submitted herein and in conformance with the applicable requirements of Articles 1 and 9 (commencing with Sections 3500 et seq. and 3700 et seq., respectively) of Chapter 8 of Division 2 of TitIe 14 of the California Code of Regulations, the Surface Mining and Reclamation Act of 1975, as amended (Section 2710 et seq. of the Public Resources Code), and with any modifications requested by the administering agency as conditions of approval. Signed this '1 day of, NDvEfr}(JEt?. 2009 MINE OPERATOR OR OPERATOR'S AGENT (Printed Name) JOHN NOL.:L..Er( d' ~ J~~ (Signature) (~--r~ ~->-- MINE NAMe D Ph} v J1 t-t.J:Y I( (J ctC U--G. CA MINE 10 # 91-37-0035 LEAD AGENCY Citv of Chula Vista The original copy must be qiven to the lead aqency and one copy to be forwarded by the lead agency to: Department of Conservation Office of Mine Reclamation 801 K Street, MS 09-06 Sacramento Ca 95814-3529 8-8 ; I , I , ~~f? ~ ~~~ CI1Y OF CHLJIA VISTA DEPARTMENT OF ENGINEERING December 11, 2009 File No. 071O-46-PG-782 Otay Valley Rock, LLC Attn: Chris Orban 601 E Palomar Street, Box C354 Chula Vista, CA 91911 2009 SURFACE lvlINING ANNUAL INSPECTION REPORT FOR OTAY RANCH QUARRY, CA.M1NE ill NO. 91-37-0035 Enclosed is the 2009 annual inspection report for the subject mining operation. This inspection was performed on October L3, 2009. The City has been requesting a replacement to the financial assurance since you started operating the mine in April of 2009. The current financial assurance was supplied by the previous owner, Riinrock CA, LLC, in the form of a Letter of Credit. This letter of credit is going to expire within three months (March I, 2010). As we discussed during our meeting on December 4, 2009, you must provide by January 4,2010, the City with an approved financial assurance covering the currently approved cost estimate. If you need an extension to this deadline please submit a written request by December 18, 2009, with a proposed timelines and reasons for requesting the extension. Please note that you cannot operate the mine without a financial assurance in place. Please allow time for reviewing your proposed financial assurance, the Office of Mine and Reclamation may require up to 45 days for their review (please log in to the website lin.lc below and refer to Section 6 of the Financial Assurance Guidelines). http://www.conservation.ca . eov 1 sm 2bl eu i del i n es/fi nc I % 20assurances/Docu men ts/04a eui delines.pdf W,i):h'/11k you for your cooperation and your courtesy during the inspections. If you have ~q Il!;~t~::::~iPg this inspection report, please call Jamal Naji (619) 409-5921. eIf~mo e ior ivillEngineer Attachme J 2009 Inspection Report, Copy of the Financial Assurance, and Statement of Responsibility cc: Melody Mitchell, Department of Conservation, Office of Mine Reclamation, 801 K Street, MS 09-06, Sacramento, CA 95814-3529 Khosro Aminpour, Department of Public Works Operations Steve Power, Department of Planning and Buildings Verne Freeman, Freeman Associates, 994 San Antonio Road, Palo Alto, CA 94303 276 FOURTH AVE.......UE / (HUlA VISTA CAUFORNJA 91910-2&31/ (619) 691.5021 J;\Engine~r\LANDDEV\Projccts\fy!isccllaneous Projccts\OTA Y RANCH ~UARR Y\2009 lnspection\letter to with inspection rcport..doc ~ !'a'1 C.,.,wm,f R~",.,=tl po. 8-9 ~~~ ,~ ~. ~~.....".~ CITY OF CHULA VISTA DEPARTMENT OF ENGINEERING Order to Comply February 2,2010 File No. 0710-46-PG-782 Certified !vI ail Otay Valley Rock, LLC Attn: Liam Devlin 601 E Palomar Street, Suite Cl12 Chula Vista, CA 91911 ORDER TO COMPLY WITH THE FINANCIAL ASSURANCE REQUlRENffiNTS FOR OTA Y RANCH QUARRY, CA MJNE ID NO. 91-37-0035 This is a follow up to our letter dated December 4, 2009 (see attached letter). The City hereby orders you to replace the financial assurance that is due to expire on March 1, 2010, to the satisfaction of the City and the Office of Mine and Reclamation, for your current .mining operation under Permit NO. PG-715. If you fail to provide financial assurance by February 17, '2010, the City will proceed to issue an order to cease and desist your mining activity pursuant to Public Resources Section 2774.1. It is your responsibility, as signatory of the Statement of Responsibility to maintain the financial assurance needed to ensure that reclamation is performed in accordance with the approved reclamation plan fouhe mining operation under Permit No. PG715. " As you are aware, the current financial assurance for your mining operation was provided by Rimrock CA, LLC, (the previous owner of the mine) in the amount of $2,353,259.00, in the form of Irrevocable Standby Letter of Credit with an expiration date of March I, 2010. It is imperative that the financial assurance for your mining operation be provided as required by Public Resource Section 2770 The City has been asking for a replacement to the financial assurance since you took control of the mine operation in April of 2009. Therefore you have had more than ample time to comply with this requirement. You recently indicated that you have been unable to purchase a security bond in the amount of $2,353,259.00 due to stringent requirements of the bonding company. As an option, you may want to consider, if possible, a minor amendment to your current reclamation plan that would reduce the cost for reclaiming your site and would subsequently reduce the amount of financial assurance needed. If you choose to follow up with this option then the minor amendment to the reclamation plan, the reduced cost estimate, and financial 276 FOURTH AVENUE / CHULA VISTA, CALIFORNIA 91910.2631/ (619) 691-5021 @""'l c&;;;;;J ~~Ied P:lP<" Attachment C Order to Comply Otay Valley Rock 2 February 1,2010 assurance must be approved by the City before February 17,2010 deadline. Otherwise, the City will proceed with the cease and desist order. The financial assurance shall be provided in a form approved by the City Attorney by February 17, 20 10. We thank you for your cooperation. If you have any questions, please call Jamal Naji (619) 409-. 597 cc (sent electronically & U.S. Mail): Ann Moore, Norton Moore & Adams, LLC. 525 "B" Street, Suite 1500, San Diego, CA 92101 Jim Pompy, De~artment of Conservation, Office of Mine Reclamation 801 K Street, 9' Floor, MS 09-06, Sacramento, CA 95814-3530 Mike Luksic, Department of Conservation, Office of Mine Reclamation 801 K Street, 9'h Floor, MS 09-06, Sacramento, CA 95814-3530 Gary Halbert, Department of Planning a"d Building Richard Hopkins, Department of Public Works Operations Verne Freeman, Freeman Associates, 994 San Antonio Road, Palo Alto, CA 94303 Khosro Aminpour, Department of Public Works Operations Steve Power, Department of Planning and Buildings Tom Adler, Department of Planning and Building . l:\Engineer\LANDDEV\Projects\Miscellaneous Projects\OTA Y RANCH QUARRY\20I O\Order To Comply\ORDER TO COMPLY BY FEB 17th.doc 8-11 '""II FIRST BANK 08:36:22 a.m. . 1 -. 4llIJDIII,.. or:- I' ltallnl . DATE: MARCH 2, 2009 CITY OF CHUlA VISTA 276 4TH AVE., CHUlA VISTA, CA 91910 05-27-2009 2/2 ....1.. ..... ,.. __ 1.& MI'l'l IWl:IUa T*c uua I'DA Ul ORIGINAL CALIFORNIA DEPARTMENT OF CONSERVATION OFFICE OF MINE REClAMATION 801 K STREET MS 09-06 SACRAMENTO, CA 95814 AMENDMENT NUMBER: 1 OUR LC NO.: DSCA9200316 WE HAVE AMENDED THE CAPTIONED LETTER OF CREDIT FOR THE ACCOUNT OF: RIM ROCK CA, LLC AMENDED TERMS AND CONDITIONS: EXPIRATION DATE AMENDED TO: MARCH 01, 2010. AUTOMATICALLY EXTENDED CLAUSE IN PARAGRAPH 4 DELETED. THIS AMENDMENT MUST BE ATTACHED TO AND BECOME AN INTEGRAL PART OF THE ORIGINAL CREDIT. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. SINCERELY, FIRST BANK (AUTH 8-12 Attachment D l ~.' ";J/"_"' ,;",~ fiRS? B~NL< lntemation<::! Ban:':ir;g t;325 Del Arno Boule\lard LaKewood, California SOT12 , " 'i ., Advice of Lie Charges TO: Rimrock CA LLC 270 Newport Center Or, Ste 200 Newport Beach, CA 92660 Re: UC Fee UC Number: DSCA9200316 Renew21 Fee for yr 2006 Amount debited from AfCii9406943704 -.. ;....-.-).,:?'.1:;..~;.I. ...~;.:.,;,'~ijr... "'J;;:.'!l,",""~~""; Date: March 4, 2008 USD12,500.00 USD12,500.00 For and on behalf of FIRST BANK j , ,. " , .' Au\hori.::.ed Signature(s) 8-13 ".~-,,_. -. .;:;';'~~,i,~.'j ,.< T,' '" ~ ,. "~"'-;-" 56Z55~652:5 FIRST SAX;':: O~:.:5:2' p r.1_ (}J-G1.2.:m7 \ !~ ~~~. I\"';.o~~-" !;;--~,...., , rc';"?,;,;~ ORIGINAL Intem;tion2Iapcr.!ticl'~ 432S De.l Amal:lvd. 13k~Joo-j.CA 9071"l Pho,"~: 1-sa9...,80-o3i:lO fcx: 562.653.6i2!l S\'JiFT: FBOlUS6L Tl'.lex: '27135'2 F80LA UR IRREVOCABLE STANDBY L8TER OF CREDIT NO. DSCA..9200316 DATI:: MARCH 1, 2007 RE: OTAY RANCH PIT CA MINE ID NO. 91-37-0035 - /,,; Je,,~- "- BENEFlOARY: CiTY OF CHUlA VISTA 276 4Tn AVE., CHUlA VISTA, CA 91910 OP:RATORjAPPUCANT: Rl'~ROQ( C;, LLC 270 NEWPORT GENTER DR., #200 NE'NPORT BEACH, CA 92660 US CALIfORNlA. DEPARTMEHT Of CONSERVATION OFFICE OF l"1lNE RECLAMATION 801 K STF.ET ~lS 09-05 SACRAI~ErITO, CA 95814 A~lOUNT: U5D2,3S3,2S9.00 US DOLlARS TWO MlLUOt/ TrlREE HUNDRED FIFTY 11-1REE THOUSAND TWO HUNDRED FIFTY NINE Ot/LY EXPIRATION DATE: t<1ARCH 1, 200B AT OUR. COUNTER GENTl.Er-iEN: WE HEREBY ISSUE OUR IRREVOCABLE STANDBY IE, I tR OF CREDIT NO. OSCA9200316 DATI:D MARCH 1,2007 IN YOUR FAVOR FOR THIS ACCOUrIT OF Rl~1ROCK CA, LLC, 270 NEWPORT CENTER DR., #200, NEWPORT BEACH, CA 92550 US, IN TnE AMOUrIT Of USD1,353,2S9.00 (UNITED STATES DOLLARS TWO 'I,IWON 11-1REE HUNDRED FIFTY THKEE THOUSAND TWO HUNDRED FIFTY NINE ONLY) ALL OR ANY PART SHALe BE UNCONDmONAl.!..i AVAILABLE FOR PAYMErIT BY YOUR DRAfT(S) AT SIGHT DRAWN ON FIRST BANK, INTERNATIONAL D=PT., 4325 DEL A~lO BLVD., LAKEWOOD, CA 90712 EACH DRAFT MUsr STATE THAT IT IS "DRAWN UNDER FIRST BANK, II'ITERNA110NAL DEPT., 4325 DEL AHO BLYD.,LO.KEWOOD, CA 90712, lETTER OF CREDIT NO. OSCA9200316 DATED MARCH 1, 2007. PARTIAL DRAWlNGS ALLOWED. IT IS A CONDmON OF TnIS L"lTER OF CREDIT THAT IT IS DEE~IED TO BE AUTO'.IAl1CALl Y EXTENDED WITHOUT At~ENDr~E,'lT FOR ONE YEAR FROM THE EXPIRATION DATE HEREOF UNLESS tBO DAYS PRlOR TO TI1E CURRENT EXPIRATION DATE WE NOTIfY YOU BY OVERNIGHT COURlER THAT WE ELECf NOT TO CONS10ER n1IS LETTER OF CREDIT pa:EVIED FOR ANY SUCH ADomOtJAL PERlOD. IT IS UNDERSTOOD 11-1AT THE cm OF CHULA VISTA AND THO' CAUFORNlA DEPART1-1ENT Of CONSERVATION omcr OF r.\!NE REOLAMATION HAS TrlE RIGHT TO DE~lANO THE AMOUNT OF THIS SO'CURITY IF NOTICE OF EXPIRATION IS GIVEN, UPON RECElPT BY YOU OF SUCH NOTICE, YOU MAY DRAW AGAINSTnnS LETTER OF CREDIT BY PRESO'IffiNG YOUR DRAfT ONLY. 11-1E AGGREGATE Ar~OUNT OF 11-1IS CREDIT SHALL BE FURTHER REDUCED AUTO~IATICALL Y AND H.11I'\EDIATELY WTIHOVT AN Ar.tE~mMENT AT ANY TII"'1E, UPON RECEiPT BY US ATTI-iE BElOW ADDRESS OF A WR.!TIEN STATE1'lENT, SIGNED BY THE OTY ENGINEER AND T1-lE CITY ATIORNEY OF SAID ClTY AND TI1E CALIfORNIA DEPARIMENT OF CONSERV^110~ OFFICE Of MINE REClN1ATION IDElffifYlNG nns O?EDIT, AND STATING THE A~IOU,T OF SUCH REDUCT10N. If, PRIOR TO 11-1E E:<?IRATION Of THIS LETTER OF CREDIT, IVE SHALL HAVE RECENED TrlE WRITTEN CERTIFICATION Of TnE OT'( ENGINEER AND THE CITY ATTORNEY STATING TeAT 11-1E APPLICANT HAS cmlPLETED TO THE CITY ENGlNEEP:S AND THE CAUfORNIA DEPARTI-IENT Of CONSERVATION OFFICE OF t.1WE RECLAMATION'S SATISFAcnON THE RECL~MAT10N PLAN GUARANTEED BY THIS lETT2R Of rnEDIT, 11-1E fULL AGGREGATE ANOUrIT OF THIS LETTER OF CREDIT SHALL EXPIRE UPON RECElPT OF THE SAID CERTIFICATION AND SHALL NO LONGER BE AVAILABLE fOR DRAWING THEREAFTER. A CHANGE OF P 'J ft:?Z? . JZ:;~LLCi'~'LZ @ PM",,-r B:z~j~_ f.? 62-) lfJu.3 - 65 'C7 - :) . -I ' /t:"--z:t~A~.pd~fiM /U;: t~4~~Y- dith~,....uz;.. ./v3~1.;!t~~,-l'2t,-C - A''LCF 8-14 56266j~5:!a ;:1.~ST BANI{ C~:L5:LZ ~ Ill_ OJ-Qi.2!J:J7 2/2 Inlc;r.alionaIOpe.rab)(1'> .D25~]Amae.Jvd_ t...a-(ev,'Ood, c;.. 90712 Fhc:r\1~: HiBS...:;[I0.0JOO FO!X': 5"62-663-6528 smFT: FBOlU55L Tl!.lex: 271362 !'60IJ,Utl. iI'~ ~!,~:.~~ ~. ~~~~ ~'!1&~ OWNERSHIP OF IHE ?ROPERTf SHALL NOT BE aAS!S FOR RELEASING OR CANceUNG IHIS LEmR OF CREDIT. ANAL EXPIRATION DATE: t'\ARCH 1, 2009 THE DRJGINAL OF THIS CREDIT MUST ACCOMPANY ALL DRAFT(S) AND DOCUt"ENTS. WE HEREBY ENGAGE WIlli YOU IHAT YOUR DRAFT(S) DRAWN UNDER AND IN COMPUANCE WITH THE TERNS OF THE lEITER OF CREDIT, TOGEn.i::R V...Tn-i l'HE DOCUMENTS SPEOFIED HER3.N, WILL BE DULY HONORED If PR.ESENTED ON OR BEfORE ThE EXPIRATION DATE HEREOF. nus CREDII IS SUBJECT TO THE INTERNATIONAL STANDBY PRAmCES 1998 (ISP9B) INTERNATIONAL Q1AM8ER OF COMt.jERCE PUBUCATION NO. 59D. ARST ~K .;... I " uJ;J ,J ';. " --> ~.;rqRJZED .~~~i;ffiJRE / .' 8-15 RESOLUTION NO. 2010- RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA DIRECTING STAFF TO TAKE ALL ACTION NECESSARY TO SECURE FINANCIAL ASSURANCE ON THE OTAY VALLEY QUARRY, AS REQUIRED BY THE STATE OF CALIFORNIA SURFACE MINING AND RECLAMATION ACT (SMARA), INCLUDING EXERCISING ITS RIGHTS UNDER THE EXISTING LETTER OF CREDIT FOR $2.3 MILLION WHEREAS, RR Quarry, LLC; Rimrock CA LLC; and Otay Valley Quarry LLC (referred to collectively as "Rimrock") previously owned and operated the Otay Ranch Pit/Rock Mountain Mine, located at the eastern terminus of Main Street; and WHEREAS, pursuant to the requirements of the California Surface Mining and Reclamation Act (2773.1), Rimrock secured a letter of credit in the amount of $2.3 million for mine reclamation activities as specified in the adopted Otay Valley Quarry reclamation plan but did not comply with state law with respect to the duration of said letter of credit; and WHEREAS, in April of 2009 ownership/operation of the quarry was transferred from Rimrock to Otay Valley Rock, LLC; and WHEREAS, the existing letter of credit purports to expire on March 1,2010, and such expiration would be in violation of state law; and WHEREAS, a new financial assurance has not been established by the current mine operator for mine reclamation activities required under the adopted Otay Valley Quarry reclamation plan; and WHEREAS, Public Resources Code Section 2773.1 requires a mining operator to maintain financial assurances for the duration of the mining operation or until reclamation is completed, in order to guarantee mine reclamation activities and, thus, promote the general health, safety and welfare of the community; and WHEREAS, Public Resources Code Section 2773.1 requires the eXlstmg financial assurances to remain in force and prohibits their release by the lead agency even if the mining operation is sold or ownership is transferred to another person; and WHEREAS, a noticed public hearing was held on February 23, 2010, and evidence was presented to the City Council concerning the need for the City of Chub Vista to transfer the money from the letter of credit in the amount of $2.3 million, established for mine reclamation activities pursuant to the requirements of state mining law (SMARA); and 8-16 WHEREAS, the Environmental Review Coordinator has reviewed the proposed activity for compliance with the California Environmental Quality Act ("CEQA") and has determined that the activity is not a Project as defined under Section 15378 of the State CEQA guidelines; therefore, pursuant to Section 15060 (c) (3) of the State CEQA Guidelines the activity is not subject to CEQA, so no environmental review was necessary. NOW, THEREFORE, BE IT RESOLVED that the City Council based upon the public testimony, information and materials provided hereby: direct staff to take all actions necessary to secure financial assurance for the Otay Valley Quarry and to withdraw the money from the letter of credit issued by First National Bank and transfer the financial assurance of $2.3 million from the letter of credit to a separate account to be held in trust for the period required under SMARA. Presented by: Gary Halbert, PE AICP \..-:- ~; Rart . iesfeld City Attorney Deputy City ManagerfDevelopment Services Director 8-17