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Section V -Bonding Summary <br />The Division currently holds a total of $204,192.00 in a corporate surety for the reclamation performance <br />bond at the Meadows No. 1 Mine. The performance bond liability for the current permit area has been <br />established at $204,192.00. The reclamation cost estimate in the approved permit application package was <br />reviewed in conjunction with the final bond release request for the facilities area in December 1995. At <br />that time it was determined that the remaining $159,803.00 (assuming final bond release at the facilities <br />area is approved) would be sufficient to assure completion of the remaining reclamation work at the site <br />if the work had to be performed by the Division, including the cost of reestablishing vegetation on any <br />revegetated areas, should revegetation in those areas fail, and redistributing topsoil on the portion of the <br />pit owned by the Eiltses. Reclamation work which remains to be done at the site includes: <br />1. Removal of three sedimentation ponds (Upper (No. 2) and Lower (No. 1} Pit Area, <br />and Explosives Storage Area). <br />2. Removal of diversion and collection ditches in the pit area. <br />Since the December 1995 review there have been no revisions to the permit to require an increase in <br />liability. Therefore, the Division has determined that the performance bond held by the Division is <br />adequate to cover reclamation of the site in accordance with the approved reclamation plan. <br />Meadows No. 1 Mine (C$1-0?9) February 6, 1996 <br />Midicrm Revicw ]Q 71~ird Pcrmir Term <br />