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eventually reporting to Oak Pond. This channel consists of two branches referred to in the <br /> inspection as the east and west branches. <br /> o A small portion of AB 14 channel associated with that parcel. Most of this channel <br /> resides in Phase III approved bond release areas. <br /> Summary and Conclusions <br /> Based upon a review of the mine permit, the applicant's bond release application, and site inspections, the <br /> Division finds that Trapper Mining, Inc. has completed backfilling, grading and drainage reestablishment at <br /> the Trapper Mine in accordance with the approved reclamation plan. <br /> IV. PROPOSED DECISION <br /> Based on the observations above. the Division proposes to approve the request for a partial Phase I bond <br /> release for the Trapper Mine. This proposed decision will release the applicant from reclamation liability <br /> for Phase I bond release criteria for the SL 18 bond release parcels;AB9,AB 14,AB 16,FA 16,KA 16, ZA 14, <br /> ZA 15 and ZAB 16, totaling 175.3 acres. <br /> The current reclamation liability amount, as documented on the proposed decision form for TR122, is <br /> $22,847,950.85. The Division currently holds a performance bond of$23,400,000.00 <br /> Table III: Pre SL18 Liability <br /> Phase Bond Release Area Cost Accounting Acres Cost/Acre % <br /> Pre SL 18 TR122 Worst Case $21,254,956.88 2605.51 $8,157.70 100% <br /> Phase I Bond Release $1,214,517.69 372.2 $31263.08 40% <br /> Phase II Bond Release $3789476.28 309.3 $1,223.65 15% <br /> TR122 Required Surety $2298479950.83 <br /> Phase <br /> Bond <br /> Release Acreage <br /> Phase 1 4210.9 <br /> Phase 2 3 83 8.7 <br /> Phase 3 3529.4 <br /> Permit Number C 1981010 Prepared by: R.Reilley,MS,LISP <br /> SL 18 Page 18 of 22 <br />