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.. - . <br />- t <br />~~:6~*~ex~~~ <br />fviiF.rV ~i~~: <br />ej MINED LAND RECLAMATION BOARD DEPARTMENT OF NATURAL RESOURCES <br />STATE OF COLORADO <br />File No. C-82-054 <br />STIPULATION TO CONTINUANCE AND BOND FORFEITURE <br />IN THE MATTER OF: Recommendation for Denial of Permit <br />Renewal for Permit C-82-054, Pueblo Coal Company, Inc. <br />Carbon Junction Mine. <br />WHEREAS, on October 12, 1988, Pueblo Coal Company, inc. <br />(PCI) submitted an application for renewal of its permit; and <br />and <br />WHEREAS, the original permit expired on October 25, 1988; <br />WHEREAS, on November 10, 1989, the Mined Land Reclamation <br />Division ("Division") issued a Recommendation and Findings for <br />Denial of the permit; and <br />WHEREAS, PCI filed a request for a hearing before the Mined <br />Land Reclamation Board ("Board") to review the Division's recom- <br />mendation; and <br />WHEREAS, prior to the administrative hearing before the <br />Board, PCI and the Division entered into an agreement, a copy of <br />which is attached, requiring PCI to pcovide the Division with <br />certain information and submit an additional bond by June 1, <br />1990; and <br />WHEREAS, on January 24, 1990, the Board issued an order, a <br />copy of which is attached, setting this matter for a hearing at <br />the June 1990 Board meeting in order to give PCI an opportunity <br />to comply with the terms of its agreement with the Division; and <br />WHEREAS, on April 20, 1990, the Division was notified by <br />the Federal Deposit Insurance Corporation ("FDIC") of the insol- <br />vency of the bank that issued the letter of credit securing the <br />performance of PCPs reclamation obligation; and <br />