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p~pr~e ole~s;~~a -la <br />2. The Division shall release 50.83 for each bank cubic yard of volume <br />reduction of Pit 4 resulting from placement of overburden or topsoil material <br />in Pit 4. The figure of 50.83 per bank cubic yard was calculated as follows: <br />a. The estimated reclamation cost for backfilling and grading and <br />retopsoiling Pit 4 is calculated at 5485,538. This amount was determined by <br />subtracting the reclamation costs set forth in s V(3) of this Agreement and the <br />550,000 retained bond amount, from the 5572,000 bond set by the Board. <br />b. The Division and Rockcastle agree that the approximate amount <br />of overburden and topsoil material required to fill Pit 4 is 585,000 bank cubic <br />yards. <br />c. The "Per Yard Amount" is 50.83 bank cubic yard of volume <br />reduction of Pit 4. The Per Yard Amount was determined by dividing the estimated <br />reclamation cost in § V(2)(a) by the amount of material described in s V(2)(b). <br />3. The Division shall release the following amounts of Rockcastle's <br />performance bond upon completion of the following activities pursuant to the <br />following schedule: <br />l3)~~ <br />a. Reseeding of Pit 4 pursuant to 9 II(,4) 518,906; <br />b. Road buttressing, as may be necessary pursuant to 4 IV(2) <br />515,000. <br />-9- <br />