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Mount Vernon council approves amendment to Martin Marietta quarry lease, extending access and royalties
Summary
Mount Vernon City Council approved a first amendment to the lease with Martin Marietta that changes an access road, allows deeper mining to a new benchmark, extends the lease term into 2034 and is expected to yield roughly $1 million in additional royalty payments between 2028 and 2034.
The Mount Vernon City Council on May 14 approved a first amendment to the city's lease with Martin Marietta that relocates an access road, modifies the benchmark depth for mining and extends the lease term to allow additional aggregate extraction.
City Attorney Kevin Robertson described the amendment as one that will “allow 5,000,000 volume cubic ... 5,000,000 tons of fine base course and sand gravel because they're going deeper,” and said the change “will result…
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