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1MH: Ok, I recommend approval of the application, the bond set at <br /> 2 $7000. I would like to ask that you include in your motion <br /> 3 wording that prior to Nottingham conducting any mining in <br /> 4 phase 3 the bond be reviewed for adjustments to allow for the <br /> 5 increased costs of reclaiming phase 3 and any inflationary <br /> 6 changes in the next 10 years. The object here is that the <br /> 7 cost of reclaiming phase 1 and phase 2 under this plan are <br /> 8 pretty much alike. Phase 2 is a little bit less expensive <br /> 9 than phase 1, but it' s five years down the road so, inflation <br /> 10 will probaly take care of the rest of it. Phase 3 though the <br /> 11 costs are pretty close to twice the cost of either one of <br /> 12 these phases, but I didn' t see where there was a great deal <br /> 13 of need to have Nottingham submit bond on phase 3 when he <br /> 14 isn't even going to touch it for 10 years and at that time, <br /> 15 we could adjust the bond accordingly. <br /> 16RW: Do they agree to that? <br /> 17MH: Yeah, <br /> 18RW: So that $7000 is just for phase 1 and 2 right now. <br /> 19RW: You heard the staff recommendation any questions of Mark with <br /> 20 respect to the application? [Silence. ] Then I refer to get <br /> 21 it on the floor I would move approval of the Nottingham S & G <br /> 22 File 78-352 with the bond set at $7000 and with the stipula- <br /> 23 tion that this bond . . . <br /> 24LH: I have all the language if you want, Dr . Ward. <br /> 25RW: Ok, <br /> 26LH: Do you want me to read it in the records? <br /> 27RW: That is what I 've got with the additional statement that Mark <br /> 28 read into the record, about phase 3. <br /> 29RW: Regarding phase 3 and the reconsideration of the bond, I <br /> -6- <br />