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application submitted by Colowyo for the Colowyo Mine. The Division proposes a Partial Phase I <br />Bond Release on 103.1 acres. Based upon a review of the mine permit, the applicant's bond release <br />application, and site inspections, the Division finds that Colowyo has completed backfilling, <br />grading, and drainage reestablishment at the Colowyo Mine in accordance with the approved <br />reclamation plan for which partial Phase I Bond Release was requested. The reclaimed area <br />included within the SL -13 bond release request have been restored to the approximate original <br />contour of the pre -mining landscape. Slopes conform to post -mining contours as shown on the <br />approved Postmining Topography Map of the permit (Map 19 and 19B) and were stable at the <br />time of the inspection stable. Proper blending of reclaimed areas with undisturbed slopes was <br />achieved and reconstructed drainages are stabilizing and in good condition. The Division finds <br />that Colowyo has achieved the requirements for partial Phase I Bond Release on 103.1 acres at <br />the Colowyo Mine. <br />V. PROPOSED DECISION <br />Based on the observations in Section IV above, the Colorado Division of Reclamation, Mining, and <br />Safety proposes to approve Colowyo's request for a partial Phase I Bond Release for the Colowyo <br />Mine. This proposed decision will release the applicant from liability for backfilling, grading, and <br />drainage control reestablishment on 103.1 acres of the site, as shown on Figure 1 at the end of this <br />document. <br />Phase I <br />The Division holds a performance bond in the amount of $108,025,721.00 for the Colowyo Mine. <br />The Division has calculated the amount associated with the Partial Phase I Bond Release area and it <br />totals $1,078,892.00. This Partial Phase I Bond Release is a release of the liability for performing <br />the required backfilling and grading work in the SL -13 area. <br />The Division estimates its cost to complete remaining reclamation work at the Colowyo Mine to be <br />$106,986,552.00. However, with the releasable amount of $1,078,892.00, the Division will hold a <br />bond in the amount of $106,946,829.00, which is $39,723.00 less than the minimum required <br />liability to fully reclaim the remaining disturbed areas of the East, West, and Collom Pit at the <br />Colowyo Mine. Since the Division will be holding $39,723.00 less than the minimum required <br />liability, the Division will only be releasing a total amount of $1,039,169.00 with SL -13 (See Table <br />3 — Releaseable Amount). This will ensure the Division holds enough bond to complete remaining <br />reclamation work at the Colowyo Mine if the work had to be performed by the Division, including <br />the cost of reestablishing vegetation on any revegetated areas, should those areas fail. <br />Any person with a valid legal interest which might be adversely affected by this proposed decision <br />may request a formal public hearing before the Mined Land Reclamation Board in accordance with <br />Rule 3.03.2(6). Public notice of this proposed decision will be published twice in the Craig Daily <br />Press as soon as possible. Requests for public hearing must be submitted to the Division in writing <br />within thirty days of the first publication in the Craig Daily Press. If no hearing is requested within <br />those thirty days, the Division's decision will become final. <br />Proposed Decision and Findings of Compliance August 30, 2018 <br />Partial Phase I Bond Release SL -13 Page 7 <br />