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7. FORMAL PUBLIC HEARING LOUKONEN BROTHERS STONE CO. The Board assessed civil penal suspended the civil penalties entire civil penalty dropped, completed and the revised bond File No. M-81-277 ties in the amount of $2,450, for 60 days and ordered the if the amendment process was submitted by that time. FORMAL PUBLIC HEARING FRANKLIN CONSOLIDATED MINING CO., INC. File No. M-83-083 Withdrawn--the operator reclaimed the site and posted bond. FORMAL PUBLIC HEARING FRANKLIN CONSOLIDATED MINING CO., INC. File No. M-83-083 The Board did not reconsider the civil penalties, and the operator was given an additional 30 days from the date of this Board Meeting to remit the entire $5,000 civil penalty. 10. FORMAL PUBLIC HEARING FLATIRON SAND AND GRAVEL COMPANY File No. M-77-078 The Board did not assess civil penalties and directed the Division to take the necessary action to expedite release of the Deed of Trust. 11. FORMAL PUBLIC HEARING FLATIRON SAND AND GRAVEL COMPANY File No. M-78-064 The Board vacated NOV M-94-018, did not assess civil penalties, directed the operator to post a replacement bond of $8,000 and ordered the Division to release any other financial warranty in place. 12. FORMAL PUBLIC HEARING COLORADO BRICK COMPANY File No. M-77-328 The Board revoked the operator's permit and forfeited the financial warranty. 13. FORMAL PUBLIC HEARING COLORADO BRICR COMPANY File No. M-77-329 The Board revoked the operator's permit. 14. EXECUTIVE SESSION In re: Mid-Continent Resources. Inc., the Assistant Attorney General planned to provide the Board with an update, regarding litigation matters related to this case, due to a lack of a quorum for the Board to convene in Executive Session, 15. DISCUSSION ITEM COAL PROGRAM. Update board on status of "guideline regarding selected coal mine bond release issues." Staff presented an update of the draft for coal mine bond release guidelines being developed by the Division. Mr. David