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IV. PROPOSED DECISION <br />Based on the observations above, the Division proposes to approve Seneca Coal Company, LLC's <br />request for a Phase I, II, and III (final) bond release for a 6.25 -acre parcel at the Yoast Mine. This <br />proposed decision will release the applicant from liability all reclamation work on the 6.25 -acre bond <br />release block. <br />PARTIAL PHASE I, II and III (final) <br />The Division holds a performance bond of $2,221,677.26 for the Yoast Mine. The current liability for <br />the site is $2,221.677.26. The minimum amount that must be retained in accordance with Rule <br />3.03.1(3)(b) is $2,125,623.36. The Division estimates its cost to complete remaining reclamation work <br />at the site to be $2,213,075.85. The Division proposes to release $1,493.63. The remaining <br />$2,220,183.63 is sufficient to assure completion of the remaining reclamation work at the site if the work <br />had to be performed by the Division, including the cost of reestablishing vegetation on any revegetated <br />areas, should those areas fail (Rule 3.03.1(3)(a) and 3.01.3(3)(d)). <br />Any person with a valid legal interest which might be adversely affected by this proposed decision may <br />request a formal public hearing before the Mined Land Reclamation Board in accordance with Rule <br />3.03.2(6). Public notice of this proposed decision will be published twice in the Steamboat Pilot as soon <br />as possible. Requests for public hearing must be submitted to the Division in writing within thirty days <br />of the first publication in the Steamboat Pilot. If no hearing is requested within those thirty days, the <br />Division's decision will become final. <br />C1994 -082 Yoast Mine SL5 8 March 5, 2014 <br />