If a mining operation is sold or ownership is transferred to another person, the existing financial assurances shall remain in force until new financial assurances are secured from the new owner and have been approved in accordance with this chapter. Within 30 days of the transfer of ownership, each new owner shall provide the director a statement in a form acceptable to the city attorney accepting responsibility for reclaiming the mined lands in accordance with the reclamation plan.
(Ord. No. 2579)