Several things come to mind.
[1] If the tank predates the monument, the tank designer may have selected an arbitrary elevation for a temporary datum for just that project. The elevation could have been estimated from a USGS quad sheet, older plans and maps for the site, or just picked out of thin air. (I have run across this myself and have even had to do it a time or two when there were no benchmarks anywhere nearby, exact elevations were not required, and relative elevations were OK.) Later, the benchmark at the site would have been established at the "correct" elevation based on other, more distant benchmarks. Has this benchmark been checked against other benchmarks?
[2] If the monument predates the tank, the surveyor and/or engineer may have had a major brain freeze, may have missed the monument completely, etc. This is unlikely, though.
[3] If the monument predates the tank, the surveyor for the tank project may have determined from other benchmark(s) in the area that the monument at the site was in error and should not be used. This could be due to an error in the survey for setting the benchmark or could be due to a subsequent datum change (see #4). I don't know if the surveyor would have had the authority to remove or re-establish the monument, but perhaps he alerted the agency owning the monument and they didn't do anything about the error.
[4] There could have been a datum change between designing the tank and setting the benchmark -or- between setting the benchmark and designing the tank. I have run across this situation several times. For years the central part of the City of Fresno, CA, was on a different datum (by 4.26') from the rest of Fresno County (it's a long story). This datum was finally phased out a few years ago, but it was the cause of must consternation for surveyors and civil engineers. Also, in areas with land subsidence the benchmark elevations are good for very long and resurveys are needed every few years..
There may be other possibilities as well.
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"Is it the only lesson of history that mankind is unteachable?"
--Winston S. Churchill