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~• The report shall be certified as performed the plugging operation either: (1) a statement that the with the plan; or (2) where actu plan, a statement that specifies followed. ~• 25 accurate by the person who and the report shall consist of well was plugged in accordance sl plugging differed from the the different procedures PART II, Section F FINANCIAL RESPONSIBILITY Demonstration of Financial Responsibility (Conciition 1) 1. Demonstration of Financial Responsibility. 7'he permittee is required to maintain continuous financial responsibility and resources to close, plug <<nd abandon the solution mining well(s) as provided in ttie plugging and abandonment plan. (a) American Soda has chosen to demonstrate financial responsibility through a Standby Trust P~greement and a SAFECO Insurance Company of America Surety Performance Bond (issued to American Socla, L.L.P., ~QC the well operator), in the amount of 568,900. The ~,a ~ ~ performance Bond which names EPA as beneficiary in 5 ~ ~rni~` the event of permittee default on the plugging and ,~~~ s`~~( abandonment requirements and is hereby BSS~~S incorporated as part of this permit. The Standby U Trust Agreement established by the permittee shall ~ remain in effect for the duration of this permit, unless part (b1, below, has been complied with. The performance bond will be increased, as necessary, as wells are developed in the future. The estimated cost to plug and abandon each solution mining well, based on EPA`s guidance of 53.00 per foot, is approximately 57,000 per well. (b) The permittee may, upon written request to EPA, change the type of financial mechanism or instrument utilized. A change in demonstration of financial responsibility must be approved by the Director. A minor permit modification will be made to reflect any change in financial mechanisms, without further opportunity Eor public. comment. 2. Insolvency of Financial Institution. In the ~~vent ' that an alternate demonstration of financial responsibility has been approved under (b) above, the permittee must submit an alternate demonstration of , financial responsibility acceptable to the Director !.