Meeting/Event Information

AIPG MN - January Luncheon - Rocks with Benefits: Generating Revenue for K-12 Public Schools from Construction Aggregate Resources on School Trust Lands!

January 09, 2018
11:45 AM to 1:00 PM
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Radisson Hotel Roseville
2540 North Cleveland Avenue
Roseville, MN 55113
http://www.radisson.com/roseville-hotel-mn-55113/mnroserd
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Registration for the AIPG MN Section January Luncheon is now open online! The cost is $21 for non-members and $16 for members when registering before Monday, January 8, 2018 at 11:00 AM. Students may attend free of charge by registering in advance. Same-day luncheon registration cost is $25.  As always, non-geologists are welcome to attend!

  

Rocks with Benefits: Generating Revenue for K-12 Public Schools from Construction Aggregate Resources on School Trust Lands!

by Corrie Floyd, Minnesota Department of Natural Resources

  

Presentation Abstract

The projected royalty value of construction aggregate resources (sand and gravel) on Minnesota’s 2.5 million acres of School Trust lands may exceed one billion dollars. The Minnesota Department of Natural Resources has a fiduciary responsibility to generate revenue from School Trust lands and has two ongoing projects focused on identifying and developing revenue opportunities from aggregate resources. The first project is using computer-based techniques to evaluate aggregate resource potential of each School Trust land parcel so the value can be determined for management purposes. The second project is marketing prospective aggregate lease sites on the School Trust Aggregate Finder Web Map. This tool identifies School Trust land parcels which may contain valuable sand and gravel deposits based on geologic data, gravel pit records, elevation data and field records. Marketing aggregate lease sites is the next step towards converting resource potential to School Trust revenue through lease royalties. Revenue generated from mineral, timber, and real estate activities are credited to the Permanent School Fund which produces interest and dividends that are transferred twice a year to all Minnesota K-12 public school districts.

 

Speaker Biography

Corrie Floyd is an industrial minerals specialist for the Division of Lands and Minerals at the Minnesota Department of Natural Resources. His focus is construction aggregates resource management on School Trust lands. Before joining the DNR in 2015, he worked as a geoscientist in the environmental consulting industry. Corrie has a geology degree from the University of Wisconsin-Eau Claire.

Corrie Floyd, Minnesota Department of Natural Resources, Division of Lands and Minerals, 500 Lafayette Road, St. Paul, MN 55155, corrie.floyd@state.mn.us.

Tickets

$16.00 AIPG Member

$21.00 Non-Member

$0.00 Student

$250.00 2018 Section Sponsor!

$0.00 Donation to Education Fund