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iii iiiiiiiiiiiu m <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanmem of NaNral Resources <br />1 313 Sherman 51., Room 21 5 <br />Denver, Colorado 80203 <br />Phone U03) 86h-3567 <br />FA%: (303) 832-B10h <br />March 13, 1995 <br />Mr. Chris Reed <br />Twin Pines investment Limited <br />Rural Route No. 3 <br />P.O. Box 299 <br />Benton, IL 62812 <br />Re: Bond Release -Twin Pines No. 2/Coal Sales Yard, Permit No. C-83-058 <br />Dear Mr. Reed: <br />I~~~ <br />DEPARTMENT OF <br />NATURAL <br />RESOURCES <br />Roy Romer <br />Governor <br />lames 5. Lochhead <br />Executive Director <br />Michael B. Long <br />Division Duecmr <br />This letter is written as a follow-up to our telephone conversation a few weeks ago. I apologize <br />for the delayed response. Following our conversation, I met with my supervisor, <br />Susan McCannon, to discuss the situation at the Twin Pines Mine. <br />The Division of Minerals and Geology will proceed with the bond release in accordance with the <br />procedures of Rule 3.03, if Twin Pines Investment Limited reclaims the site in strict accordance <br />with the approved plan, and if bond release is requested as specified at Rule 3.03.2. <br />Please understand that the maximum amount that could be released is 60 percent of the <br />currently held bond amount. It is possible that some lesser amount would be released if the <br />remaining liability for tasks such as well removal, pond backfilling, seeding failure, site <br />maintenance, etc., amounted to more than 40 percent of the existing bond. <br />Please also be aware that the bond release process is subject to public comment, which may <br />include Office of Surface Mining input. As stated previously, if reclamation is accomplished in <br />strict compliance with the approved plan, then we would proceed with a bond release. We <br />would propose to release up to the maximum amount allowed by law. We cannot, however, <br />predict the extent to which the public or the Office of Surface Mining may intervene. <br />Finally, please refer to our letter of October 6, 1994 (copy attached), in which we outline other <br />specific ongoing liabilities which will remain for at least ten years after Phase I bond release. <br />Please also refer to the other letters included with this package for additional information. <br />Please call with any questions. <br />Sincerely; <br />David~A: Berry <br />Senior Environmental Protection Specialist <br />DAB/bjw <br />Enclosures <br />cc: Susan McCannon <br />Larry White <br />M:~OSS~BJW~TPIL.DAB <br />