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<br />2 <br />The original reduction from $141,000 to $90,000 will be adjusted to <br />$95,380. The proposed Phase I release of 60% will be republished <br />to indicate that 60$ of $45,380 will be released. This will leave <br />a bond of $38,152 in place rather than the currently proposed <br />amount of $36,000. Following publication of the proposed release <br />and public comment period, the Division will accept a reduction in <br />the bond to $38,152. <br />Since the letter of credit held by the Division was actually <br />reduced to $90,000 in October, 1990 nothing can be done to correct <br />the discrepancy between required and posted bond amounts during the <br />time between the bond reduction and the proposed bond release. <br />However, by adjusting the amount of bond held following the <br />proposed Phase I release, the Division will have effectively <br />accounted for the $5380 bond adjustment which was improperly <br />granted in September of 1990. The operator will again have the <br />required amount of bond in place. <br />The Division believes that this is an appropriate response to part <br />2 of 3 of TDN X-91-02-116-5 TV3. We would like to acknowledge <br />AFO's consideration of our request for an extension of time to <br />review this matter. If you have any questions, please contact us. <br />Sincerely, <br />Vim. c/~/L~~,/ G~ `-~" ~C C~CZ,% <br />LarryfP. Routten <br />Senior Reclamation Specialist <br />cc: Steve Renner <br />David Berry <br />M:\WP51\LPR8891b <br /> <br />