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<br />3. On page 4 of Tab 23, Peabody states that the track and <br />ties will be removed for their salvage value. Peabody states that <br />there is a letter form Denver Rio Grande and Western indicating <br />this. This letter cannot be located in the permit document. The <br />Division estimates the cost for removal of the track to be <br />$10.27/lf. The total cost for 3.3 miles totals $183,418.00. There <br />is an additional $2.29/cy for ballast removal. <br />The current Division policy is that there is no salvage value <br />attached to any structures unless they meet certain requirements. <br />These requirements are as outlined: <br />-Submit estimated cost of the track and ties and/or <br />removal from three reputable salvage companies or other likely <br />purchasers of the materials in question. These estimates must <br />describe with reasonable specificity the value of these facilities <br />which the salvage company may be reasonably expected to realize <br />from the removal and liquidation of these items. <br />-Submit a statement which accurately describes the <br />physical condition of the facilities. <br />-The statement must specify exactly which facilities are <br />subject to the estimate and whether the estimate applies to the <br />removal of the entire facility, or a portion of it. <br />-The Division and permittee shall meet to agree upon the <br />amount of credit to be attached to specific facilities based upon <br />the average value of the three estimates. <br />-Upon agreement, the permittee shall submit a UCC lien <br />search and a certificate awarding first secured lien to the <br />salvageable facilities to the State of Colorado, Division of <br />Minerals and Geology. This lien shall be promptly filed at the <br />County Clerk and Recorder office. <br />-The cost of structural demolition and removal for non- <br />salvable facilities shall be agreed upon by the Division and the <br />permittee. <br />-The cost of foundation removal and other reclamation <br />expenses expected to remain after the removal of the salvageable <br />facilities shall be included in the reclamation cost estimate. <br />-The salvage value shall apply to the specific structure <br />for which it was estimated, and will not be transferable to other <br />reclamation tasks at the mine site. <br />-In order to ensure the adequacy of the surety, the <br />salvage credit shall be examined at a minimum of every 2 1/2 years. <br />Their permit renewal application shall contain three new estimates, <br />the statement of facility condition and a new UCC lien search. The <br />same information must be provided to the Division sixty days prior <br />