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<br />' native grasses and shrubs. The 1982 cost of this reclamation <br />was estimated at $51,500. The current surety bond on file <br />with the State is $61,000. <br /> <br /> HIGHEST AND BEST USE <br />' The concept of "Highest and Best Use" is essential to the <br /> appraisal proces s. According to the Real E state Terminology <br />' d b <br />th <br />i <br />h l <br />i <br />I <br />i <br />t <br />f R t <br />t <br />A <br />i <br />E <br /> y <br />publ <br />s <br />e <br />e ea <br />can <br />nst <br />tu <br />e o <br />Amer e <br />ppra <br />sers <br />s <br />a <br />' and the Society of Real Estate Appraisers, it is defined as <br /> follows: <br />' That reasonable and probable use that supports the <br />highest present value, as defined, as of the <br />effective date of the appraisal. Alternatively, <br />' that use, from among reasonably probable and legal <br />alternative uses, found to be physically possible, <br />appropriately supported, financially feasible, and <br />' which results in highest land value.... <br />Mining <br />1 Mining operations ceased coincident with the reduced <br />' production of C F & I's steel plant in Pueblo. Without the <br />steel demand, the likelihood of continued mining is very <br />' poor. <br /> There are alternative uses for the material: road base, <br /> coarse concrete aggregate, rail road ballast and other <br />' specialized industrial uses. The greatest limiting factor <br /> for any of these to be economically viable is the site's <br />' <br /> location away from major markets. <br />I 1 <br />' 9 <br />II <br />