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superintendent costs, and ten percent profit brings this amount to $1,506,387.00. Adding
<br />required engineering and administration costs, the amount associated with backfilling and
<br />grading of the 122.1 acres is $1,660,792.00. However, this amount is 67% of the post-TR-13
<br />amount of $2,476,076.00 for the entire site. Rule 3.03.1(2)(a) limits the maximum bond amount
<br />eligible to be released for backfilling, grading, and drainage control to 60% of the applicable
<br />amount for a permit azea. Assuming all Phase I tasks at the site have been completed, the
<br />amount of bond eligible for release under SL-01 would be $1,485,646.00.
<br />60% X $2,476,076.00 = $1,485,646.00
<br />and would result in a post SL-O1 liability of $990,430.00;
<br />$2,476,076.00 - $1,485,646.00 = $990,430.00
<br />However, all Phase I tasks have not been completed at the site and therefore, the full amount of
<br />all Phase I reclamation tasks at the loadout, service area, and borrow azea #3 must also be
<br />retained since these tasks have not been completed and these areas are not the subject of this
<br />bond release. This includes the Phase I tasks for removal of bed coal at the loadout and grading
<br />at borrow area #3. These dollars ($7,551.00 + $227,00) plus overall administrative costs
<br />($2032.00) total $9810.00, and must be added back to bond amount based on the 60% limitation;
<br />$990,430.00 + $9810.00 = $1,000,240.00
<br />As a result of SL-O1, $1,000,240.00 becomes the new amount of bond required to be held by the
<br />Division following approval of this Phase I bond release for 122.1 acres. The amount to be
<br />released is $1,475,836.00.
<br />Rule 3.03.1(2)(d) additionally restricts the Division from reducing the remaining bond amount to
<br />an amount less than necessary to complete all remaining reclamation in accordance with the
<br />approved plan. The bond amount of $1,000,240.00 (shown below in blue) is an amount
<br />sufficient to ensure the completion of all remaining reclamation in accordance with the approved
<br />plan at this time.
<br />100% 40%
<br />$2,476,076 $990,430 $0
<br />$1,475,836 $1,000,240
<br />Proposed for release Proposed to retain
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