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B. L. Pavlik -2- August 4, 1995 <br />NCIG solicited a bid from Porter Seed & Cattle, Inc. (the 1994 <br />reclamation contractor) for the additional reclamation work <br />required by the technical revision and to repair the slump over the <br />east portal. Porter's bid will be forwarded to the Division as <br />soon as it is received. <br />DMG agreed to release a portion of NCIG's bond subject to the <br />Boards agreement to overturn the current bond release decision. <br />The amount to be released is the phase I bond release amount less <br />the estimated cost to perform the 1995 reclamation work ($172,800 - <br />Porter's bid = bond release amount). <br />Please call if you have any questions. <br />Sin erely, <br />Jim Stover, P.E. <br />Consulting Engineer <br />Enclosures <br />cc: Rushton Backer w/o Enclosures <br />