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Summary and Conclusions <br /> Based upon a review of the mine permit,the applicant's bond release application,site inspections,water quality <br /> monitoring results,the Division finds that Seneca Property LLC has successfully completed all surface coal <br /> mining reclamation operations in accordance with the approved reclamation plan and met all requirements of the <br /> Act and the Rules(Rule 3.03.2). <br /> IV. PROPOSED DECISION <br /> Based on the observations above,the Division proposes to approve Seneca Property LLC's request for a Phase <br /> III bond release for the Seneca IIW Mine. This proposed decision will release the applicant from all reclamation <br /> work on 367.0 phase III acres as designated on Map 1,Bond Release Delineation Map submitted with the SL7 <br /> application. <br /> The Division holds a performance bond of$3,790,697.28 for the Seneca IIW Mine. The current required <br /> surety amount is$3,790,697.28. This SL7 application requests 367.0 acres of final Phase III release. Based on <br /> the last annual reclamation report submitted by Seneca Property, LLC, 1,291.5 acres have been affected at the <br /> site. The current applicable cost per acre of affected land is$2,935.11 ($3,790,697.28- 1,291.5 acres); <br /> therefore,the total applicable bond for the 367.0 acre SL7 bond release block is$1,077,186.14. Once SL7 is <br /> approved,the remaining liability at the site will be$2,713,511.14. The Division has issued a proposed decision <br /> for the SL6 application that is still pending final issuance after the public comment period closes. DRMS <br /> proposed to release$2,396,812.54 through the SL6 bond release approval. As SL6 and SL7 are being proposed <br /> and issued by The Division nearly simultaneously,the net liability post approval/issuance of both permitting <br /> actions amounts to $316,698.60. This amount would be sufficient to complete reclamation at the site. <br /> Any person with a valid legal interest which might be adversely affected by this proposed decision may request a <br /> formal public hearing before the Mined Land Reclamation Board in accordance with Rule 3.03.2(6). Public <br /> notice of this proposed decision will be published twice in the Colorado Mountain News Media-Steamboat Pilot <br /> for two weeks 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 Colorado Mountain News Media-Steamboat Pilot. If no hearing <br /> is requested within those thirty days,the Division's decision will become final. <br /> Permit Number: C1982057 Page 15 of 15 <br /> Phase III <br />