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<br />Excavation License <br /> <br /> <br /> <br /> <br />IX. SURETY BOND <br /> <br />This License is not effective until the Licensee has posted a surety bond with a surety acceptable to the <br />City, or a cash escrow, in the sum of $N/ A. This amount shall be conditioned to pay the City the <br />extraordinary cost and expense of repairing, from time to time, any highways, streets, or other public <br />ways where such repair work is made necessary by the special burden resulting from hauling and travel <br />removing material from any pit or excavation of Licensee and conducting this year's required <br />rehabilitation as per the yearly reclamation plan. This amount shall be conditioned further upon <br />Licensee's compliance with all the requirements of the Mineral Excavation Ordinance and of this License <br />and to pay any expense the City may incur by reason of doing anything required to be done by the <br />Licensee. The bond or cash escrow shall remain in full force and effect for a minimum period of one (1) <br />year after expiration of this License to guarantee the required rehabilitation as well as the other <br />requirements herein provided. <br /> <br /> <br /> <br /> <br />7.17.2023 <br /> <br />Dated <br />Suzanne M. Fischer <br />Environmental Services/Special Projects Director <br /> <br /> <br />7.17.2023 <br /> <br />Dated <br />Mayor John Dietz <br />City of Elk River Mayor <br />