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Cemex Bill Would Cost Us Millions

Posted: May 24, 2013 2:00 a.m.
Updated: May 24, 2013 2:00 a.m.
 

At last week’s regular meeting, the Santa Clarita City Council voted unanimously to endorse the Soledad Canyon Settlement Act introduced by Senator Barbara Boxer. This legislation defines a process by which the sale of excess federal land near Victorville would be sold to compensate Cemex for sand and gravel mining rights in the Santa Clarita Valley.

The bill, S.771.IS, requires that the mining rights of Cemex be fully valued as producing aggregate at the maximum annual production values over the term of the contracts. From the sale of land in the Victorville, this bill requires the foregone royalties of the federal government to be deducted from the proceeds. In section 3 of the bill, there is a provision that requires the city of Santa Clarita to provide compensation to the Secretary of Interior for any shortfall between the sale proceeds and the value of the Cemex contracts.

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