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Mr. Steve Renner <br />October 16, 1991 <br />Page 4 <br />Conclusion <br />In your letter, you request an anticipated schedule for accomplishing the work and <br />a schedule for forthcoming bond releases. As noted above, Rockcastle believes that a <br />formal request for bond release/reduction and the requisite public notices have been filed. <br />If necessary, please consider this letter to reiterate that request. Accordingly, Rockcastle <br />expects your office to move forward with the release of $32,244 and $18,906 immediately. <br />Rockcastle will notify you upon completion of the Pond 4 slope regrading and other on site <br />activities described above and would expect the balance of the bond amount for regrading <br />($15,603) and road buttressing ($15,000) to be returned at that time. The remaining bond <br />amount which exceeds $50,000.00 (approximately $2,551) will be requested upon final <br />resolution of the lingering issues for Pits 5, 6 and the implementation of the agreed upon <br />reclamation activities, if any. Rockcastle hopes to reach such a resolution in time to <br />complete such activities in conjunction with the Pond 4 regrading project. <br />With respect to the schedule for undertaking the reclamation activities specified <br />herein, Rockcastle would commit to commence the on-site work (weather permitting) as <br />soon as possible following your approval of the enclosed plans for the Pond 4 regrading <br />project and your concurrence with the bond release schedule set forth above. Please contact <br />me as soon as possible with your response to this letter so that we can move forward with <br />review, approval and implementation. <br />Very truly yours, <br />PARCEL, MAURO;~HULTIN & SPAANSTRA, P.C. <br />~i~~/rc~ <br />Dean'R. Massey <br />Attorneys for Rockc e Coal Company <br />DRM:zm <br />Encl. <br />cc: D. MacDougall <br />J. Nettleton <br />