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SECTION VI -BONDING SUMMARY <br />The Division has reviewed the adequacy of the reclamation bonding instruments, and we have also reviewed the <br />adequacy of the worst case reclamation cost estimate. A comprehensive review and revision of the reclamation cost <br />estimate was completed by the Division pursuant to review of Permit Revision No. 3 (PR-3), approved May 1, 2003. A <br />revised worst case liability amount of $8,886,826.00 was calculated, which exceeded the bond amount held by <br />$1,586,826.00. Additional bond in the amount of $1,700,000.00 was submitted and accepted by [he Division prior to <br />final approval, which brought the total bond amount held to $9,000,000.00. <br />Subsequent to PR-3 approval, there has been one permitting action (MR-54, Permit Area Drilling), which increased the <br />worst case reclamation liability amount calculated by the Division by $63,937.00. MR-54 was approved September 8, <br />2003. The liability increase associated with MR-54 brought the total cumulative liability amount for Permit C-1982-057 <br />to $8,950,763.00, which remains less than the current bond amount held ($9,000,000.00). <br />Following is a list of the corporate surety bonds held by the Division for the Seneca II-W permit, all of which have been <br />reviewed and determined to be acceptable. <br />259743 $300,000.00 Seaboard Surety Company <br />329942 $992,236.00 " <br />333695 $61,464.00 " <br />336393 $3,300,000.00 " <br />9264403 $2,646,300.00 National Fire Ins. Co. of Hartford <br />K06809005 R I.7on nnn nn Westchester Fire [ns. Company <br />Total $9,000,000.00 <br />c:/seneca II-W 12-IS-03 mid[ertn.dce <br />22 <br />