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for vegetation establishment suitable for the designated land use of grazing and wildlife habitat, 193 <br /> acres of previously Phase I released lands. <br /> Table 5: Yoast Bond Release Status <br /> F-r Bond Release Acreages <br /> Total Phase I Phase I Phase II Phase II Phase Phase III <br /> Disturbed Released Remaining Released Remaining III Remaining <br /> SL1 850.5 173.02 677.48 0 850.5 0 850.5 <br /> SL2 850.5 456.70 220.78 0 850.5 0 850.5 <br /> SU 850.5 0 220.78 592.00 258.50 0 850.5 <br /> SL4 850.5 115.5 105.28 0 258.50 0 850.5 <br /> SL5 850.5 6.25 99.03 6.25 252.25 6.25 844.25 <br /> SL6 850.5 76.5 22.53 0 252.25 275.4 568.85 <br /> SL7 850.5 0 22.53 39.4 212.85 354.4 214.45 <br /> SL8 850.5 0 22.53 193 19.85 0 214.45 <br /> The original performance bond for the SPL including revisions was $5,095,689.00. The Division <br /> currently holds a corporate surety in the amount of$1,379,988.51. The most recent update of the <br /> reclamation liability for the Yoast Mine was completed 21 August 2020 for the Permit Renewal No. 5 <br /> (RN5) review process. The current amount of surety required to reclaim the site as per RN5 is <br /> $1,002,576.30. <br /> For Phase II bond release,Rule 3.03.1(2)(b) states that up to 85% of the bond amount shall be released <br /> when the permittee has successfully established vegetation supporting the approved post mining land use. <br /> Phase I release has been previously achieved on these parcels,releasing up to 60% of the liability. <br /> $3,057,413.40 constitutes 60% of the original liability for the 850.5 acres of original disturbance. The <br /> Phase II SL8 bond release area, is eligible for an additional 25%reduction in liability per Rule <br /> 3.03.1(2)(b). <br /> The total applicable bond for the 193 acre Phase II area is $1,156,340.95: [(original performance <br /> bond/original acres of disturbance) * requested Phase II acres]. $289,085.24 constitutes 25% of the <br /> amount releasable (25%of$1,156,340.95) for Phase II reclamation of 193 acres. <br /> The Division proposes releasing $289,085.24 associated with the Phase II portions of this SL8 bond <br /> release. The remaining $713,491.06 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 /> 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 <br /> Rule3.03.2(6). Public notice of this proposed decision will be published twice in the Steamboat Pilot as <br /> soon as possible. Requests for public hearing must be submitted to the Division in writing within thirty <br /> days of the first publication in the Steamboat Pilot. If no hearing is requested within those thirty days, <br /> the Division's decision becomes final. <br /> Permit Number C1994 082 Page 15 of 15 <br />