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r. Fred R. Banta <br />February 5, 1988 <br />Page 4 <br />DRAFT <br />revegetation work. The use of contractors is <br />discussed in Section 6 hereto. <br />Field engineering will be provided by the Company <br />to insure compliance with the reclamation plan. <br />The Company anticipates regular inspections by <br />CMLRD as work progresses to maintain compliance <br />with the reclamation plan and to allow expedited <br />processing of bond release requests. <br />Project Funding. <br />Reclamation Bond. The Company proposes to <br />fund reclamation work by utilizing a portion <br />of the current reclamation bond of $346,000 <br />held by the CMLRD as follows: <br />(1) Certificate # 1062 $ 20,378.96 <br />Certificate # 1063 102,022.22 <br />Certificates are issued by <br />Western National Bank for <br />Colorado Coal Resources <br />Company, a Colorado limited <br />partnership d/b/a Colorado <br />Coal Mining Company <br />(2) Certificate of Deposit $140,000.00 <br />Certificate is issued by <br />for Kaiser <br />Coal Corporation <br />Total $26 ,,401.1rp ` <br />A~~tir 7+,~y 1N,ias~ `k,p ~1~b l,t ~yn~a `nC Qt ~~.A <br />b. Bond Release. Po tions of the bond will be <br />released by CMLRD at the request of the <br />Company for payment directly to the <br />contractor(s) as provided herein. Bond <br />release will be initiated by a written <br />request from the Company to CMLRD for work <br />satisfactorily completed by the <br />contractor(s). Upon CMLRD inspection of the <br />