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Page 6 of 6 <br /> SECTION VI- BONDING SUMMARY <br /> Rule 3.02.2(4) <br /> A site wide reclamation cost estimate was developed by the Division as a part of the Permit <br /> Renewal No. 5 (RN5), review process in August of 2020. The Division's reclamation costs <br /> have been updated since that date. The Division currently holds a corporate surety in the <br /> amount of$713,491 as a result of the SL8 bond release approval. The enclosed bond <br /> calculation is the Division's projection of reclamation costs for maximum reclamation <br /> requirements, which would occur during the proposed permit term. The cost estimate for bond <br /> liability has been reviewed as a result of the midterm review with costs updated in 2022. The <br /> Division estimates the on the ground reclamation liability for mining operations in this permit <br /> term to be$656,087. The amount of performance bond reflects the Division's projection of <br /> reclamation costs should the Division be required to reclaim the site during this permit term, <br /> and reflects eight bond releases for reclamation work completed. Given the updated bond <br /> estimate $656,087, and the current bond held ($713,491), no increase in bond is required. <br /> SECTION IV- MIDTERM ADEQUACY QUESTIONS <br /> Pursuant to 2.08.3, the Division finds that the permit application C1994082 contains no <br /> deficiencies at this time, following the review for the purpose of fulfilling the requirements of the <br /> Colorado Surface Coal Mining Reclamation Act, and the Regulations of the Colorado Mined <br /> Land Reclamation Board for Coal Mining. <br />