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Based upon a review of the mine permit, the applicant's bond release application, and site inspections, the <br />Division finds that Coors Energy Company has successfully completed all surface coal mining reclamation <br />operations in accordance with the approved reclamation plan and met all requirements of the Act and the <br />Rules. <br />IV. PROPOSED DECISION <br />Based on the observations above, the Division proposes to approve Coors Energy Company's request for <br />a Partial Phase I, H and III bond release for the Keenesburg Strip Mine. This proposed decision will release <br />the applicant from liability for 56.12 acres of the main access road and the facilities area. This proposed <br />decision will release the applicant from liability for all reclamation work on the two applicable parcels (P 1 <br />and P2). These areas are depicted as Areas P 1 and P2 on the map submitted with the SL8 application. <br />The last site -wide reclamation cost estimate for the Keenesburg Strip Mine was conducted during the <br />Midterm Review No. 6 (MT6). This resulted in a bond adjustment, and the Division issued a surety <br />increase (SI -01) on May 24, 2014. The liability was subsequently reduced with the approval of SL -07, <br />a partial Phase I bond release on May 9, 2015. In order to estimate the liability eligible for release with <br />the approval of the SL -08 application, the site -wide cost estimate was updated with the most recent <br />unit costs and the reclamation tasks associated with the SL -08 bond release parcels were eliminated or <br />reduced as appropriate. The table below summarizes the Divisions findings. <br />The current liability amount set for the site is $1,629,326.91. This included liability to demolish the <br />structures located within the Area P 1, remove the main access road located within P2, and to grade, topsoil <br />and revegetate these areas. With the approval of SL08, the Division shall release $431,867.06. The <br />remaining revised required surety at the site will be set at $1,197,459.85. <br />The remaining revised required surety is sufficient to assure completion of the remaining reclamation work <br />at the site if the work had to be performed by the Division, including the cost of reestablishing vegetation <br />on any revegetated areas, should those areas fail. <br />7 1 P a g e <br />