Laserfiche WebLink
<br />v <br />-2- <br />Based on numerous letters and discussions between representatives of the <br />Bank and the Division beginning in August, 1989, a mutually acceptable <br />reclamation schedule was established and set forth in a Letter of <br />Agreement signed February 22, 1990. The Letter of Agreement stipulates <br />that reclamation will be initiated no later than May 1, 1990 and completed <br />no later than October 15, 1990. <br />CONCLUSIONS OF LAW <br />1. Under the Terms of 2 CCR 407-2, Rule 3.04.2(5), bond forfeiture may be <br />avoided if the surety company can demonstrate the ability to complete the <br />reclamation plan to the Division. No bond shall be totally released prior <br />to successful completion of all reclamation under the terms of the permit, <br />including the applicable liability periods of 3.02.3, and release in <br />accordance with 3.03 has occurred. <br />BOARD ORDER <br />Based on the foregoing Findings of Fact and Conclusions of Law and pursuant to <br />the provisions of C.R.S. 34-33-124(4) and 2 CCR 407-2, Rule 3.04.2(5), the <br />Board hereby orders that: <br />Reclamation bond forfeiture as ordered by the Board at the Aoril 26 ,1989 <br />Board Hearing is in force, however, payment shall be suspended on the <br />condition that all terms and conditions specified in the Letter of <br />Agreement entered in to by 'the Division and the First National Bank of <br />Florence are met. <br />~~~ ~l l ~ r1 y G <br />Date <br />~~~ <br />airpe n <br />Colorado Mined Land Reclamation Board <br />4476F/scg <br />