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Stipulation 5 would be required again upon completion of all <br />backfilling and grading activities. Consequently, the most <br />efficient use of resources is to conduct one approximate original <br />contour and stability study for the site after completion of all <br />backfilling and grading activities. <br />3. EXPEDITED BOND RELEASE. <br />To accomplish the proposed reclamation plan, Rockcastle will <br />require an agreement for expedited bond release with CMLRD. Monies <br />released from the bond by CMLRD would be utilized for payment of <br />the costs of reclaiming the site. Rockcastle proposes monthly bond <br />releases based upon the amount of overburden and topsoil material <br />returned to the pit. Rockcastle will retain a third-party <br />contractor to monitor this volume of material. Rockcastle believes <br />this is the most efficient and verifiable method of determining the <br />amount of reclamation work accomplished at the site. The amount <br />of bond released will be equal to the amount of material moved in <br />yards multiplied by a per cubic yard amount agreed upon by CMLRD <br />and Rockcastle. <br />4. RETAINED BOND. <br />Rockcastle proposes that CMLRD retain sufficient bond monies <br />to cover revegetation of Pit 4 and any other contingencies related <br />to site reclamation. Rockcastle proposes that CMLRD retain $50,000 <br />based on the following assumptions: (1) CMLRD estimates that <br />revegetation costs at the mine site are approximately $40,000; (2) <br />approximate original contour and stability studies will have been <br />completed; and (3) CMLRD will retain $10,000 in addition to funds <br />necessary for complete revegetation remain for site maintenance. <br />Rockcastle's approach is conservative because the bond amount will <br />increase over the revegetation bond release period due to interest <br />-3- <br />