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II and III and, a partial Phase III bond release for the Yoast Mine. This proposed decision will <br />release the applicant from Phase II and Phase III liability in a combined action for vegetation <br />establishment suitable for the designated land use of grazing and wildlife habitat over 39.4 acres <br />of previously Phase I released lands. Phase 11 bond release for 315acres approved in the SU <br />submittal is requested as Phase III release in this permitting action SL7 for a total Phase III release <br />request for all liability associated with 354.4 acres previously approved for Phase I and II bond <br />release. <br />Table 8: Yoast Bond Release Status <br />rw� Bond Release Acreages <br />Total <br />Disturbed <br />Phase I <br />Released <br />Phase I <br />Remaining <br />Phase II <br />Released <br />Phase II <br />Remaining <br />Phase III Phase III <br />Released Remaining <br />SLI <br />850.5 <br />173.02 <br />677.48 <br />0 <br />850.5 <br />0 850.5 <br />SL2 <br />850.5 <br />456.70 <br />220.78 <br />0 <br />850.5 <br />0 850.5 <br />SU <br />850.5 <br />0 <br />220.78 <br />592.00 <br />258.50 <br />0 850.5 <br />SL4 <br />850.5 <br />115.5 <br />105.28 <br />0 <br />258.50 <br />0 850.5 <br />SL5 <br />850.5 <br />6.25 <br />99.03 <br />6.25 <br />252.25 <br />6.25 844.25 <br />SL6 <br />850.5 <br />76.5 <br />22.53 <br />0 <br />252.25 <br />275.4 568.85 <br />SL7 <br />850.5 <br />0 <br />22.53 <br />39.4 <br />212.85 <br />354.4 214.45 <br />The original performance bond for the SPL including revisions was $5,095,689.00. The current <br />performance bond comprises $5, 200,000. The most recent update of the reclamation liability for the <br />The Yoast Mine was completed in March 2017 during the Permit Renewal No. 4 (RN4) review <br />process. The current amount of surety held as per SL6 is $1,379,988.51. <br />For the partial Phase 11/III portion of this SL7 bond release, Rule 3.03.1(2)(c) states the remaining <br />portion of the bond amount shall be released when the permittee has successfully completed all <br />surface coal mining reclamation operations. Phase I release has been previously achieved on these <br />parcels, releasing 60% of the liability. $3,057,413.40 constitutes 60% of the original liability. The <br />partial Phase II/III portion of this SU bond release, is eligible for an additional 40% reduction. Per <br />Rule 3.03.1(2)(c), the Division may release up to $2,038,275.60 (40% of $5,095,689.00). The 39.4 <br />acres requested for Phase II/III bond release make up approximately 4.63% of the 850.5 total <br />disturbed acres. The Division proposes releasing $94,372.16 (4.63% of $2,038,275.60), for Phase II <br />reclamation of 39.4 acres. <br />For the Phase III areas requested in the SL7, Phase I and II release have already been achieved, <br />leaving 15% of the entire amount remaining. The 315 acres requested for Phase III bond release <br />make up approximately 37.04% of the 850.5 total disturbed acres. 15% of $5,095,689.00 amounts to <br />$764,353.35. The division proposes releasing $283,040.05 (37.04% of $764,353.35) for this SL7 <br />phase III bond release. <br />The total amount proposed for release in SL7 Phases II/III and III is $377,412.21, ($94,372.16 + <br />$283,040.05). <br />Division proposes to release $377,412.21 associated with the Phase II/III and Phase III portions of <br />this SL7 bond release. The remaining $1,002,576.30 ($1,379,988.51 - $377,412.21) is sufficient to <br />Permit Number C-1994-082 Page 22 of 23 <br />