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With the approval of SL-11,the Division will release$383,157(which is the remainder of$1,201,563 <br /> less $818,406). The remaining required surety is sufficient to assure completion of the remaining <br /> reclamation work at the site if the work had to be performed by the Division, including the cost of <br /> reestablishing vegetation on any revegetated areas, should those areas fail. <br /> The Division also performed a calculation to ensure that the amount of liability released complies with the <br /> "60%rule." Per Rule 3.03.1(2),with a Phase I application,no more than 60 percent of the applicable bond <br /> amount shall be released. Table 1 below shows all of the costs related to the parcels in the SL-11 <br /> application. It does not include costs for seeding parcels 31, 32, and 33,which are not associated with SL- <br /> 11. It also excludes costs for structural demolition, sealing wells, cleaning ponds, or water monitoring. The <br /> total cost is $1,144,116,and 60 percent of that value is $686,470,which is greater than $383,157. <br /> Therefore, the Division's decision is in compliance with Rule 3.03.1(2). <br /> Table 1—Costs Related to SL-11 <br /> Task# Task Description RN8 Cost <br /> A01 Backfill B-Pit $335,349 <br /> A03 Final grade LT Spoil Area $5,016 <br /> A04 Final grade topsoil area and Parcel 34 topsoil $3,612 <br /> A05 Final grade other areas (42 and 43) $1,244 <br /> CO2 Rip internal roads $2,196 <br /> C05 Regrade internal roads $577 <br /> E01 Topsoil B-Pit $129,828 <br /> E02 Topsoil LT Spoil Area $214,415 <br /> E03 Haul topsoil to 42 and 43 $18,242 <br /> E05 Haul topsoil to internal roads $34,643 <br /> F01 Seed 152 acres $101,911 <br /> J01 Mobilization/Demobilization $40,435 <br /> NA Indirect costs $256,648 <br /> TOTAL $1,144,116 <br /> Page 9 <br />