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<br />IV. PROPOSED DECISION <br />Based on the observations above, the Division proposes to approve P&M's request for <br />Phase I bond release for the Moffat Area of the Edna Mine. This proposed decision wil: <br />release the applicant from liability for backfilling, grading and drainage reestablishment <br />for 342. 5 acres in the Moffat Area. The specific areas are located within the following <br />legal description: <br />Section 31, TSN, R85W <br />S ''/z, N ''/z <br />S '/z <br />Section 7, T4N, R85W <br />N'/z, N'/z <br />SE 1/4, NW 1/4 <br />S''/z, NE 1/4 <br />Section 36, TSN, R 85 W <br />E'/z, SE 1/4 <br />Total reclamation cost estimates for the Moffat Area were $2,840,732.00. The Division proposes <br />to release $1,307,927.00 or 46% of the Moffat area total reclamation costs. There is no <br />remaining reclamation work which remains to be done in the proposed release area. The <br />Division is, however, retaining that portion of the performance bond that applies to topsoil <br />redistribution and revegetation, since a Phase II or III bond release has not yet been granted. The <br />remaining amount, $1,532,805.00, is the estimated amount for these reclamation costs in the <br />Moffat Area. <br />The Division holds a reclamation bond in the amount of $7,171,716.00 for all the lands within <br />the Edna Mine permit boundary. The required amount of bond is $6,350,103.00. With the <br />proposed Moffat Area Phase I release, the required amount of bond will be $5,042,176.00. This <br />amount will be retained for the remainder of all permitted azeas at the Edna Mine. <br />Any person with a valid, legal interest which might be adversely affected by this proposed <br />decision may request a formal public hearing before the Mined Land Reclamation Board in <br />accordance with Rule 3.03.2(6). Public notice of this proposed decision will be published twice <br />in the Steamboat Pilot as soon as possible. Requests for public hearing must be submitted to the <br />Division in writing within thirty days of the first publication. L` no hearing is requested within <br />that thirty days, the Division's decision will become final. <br />Edna Mine <br />C-80-001 <br />Bond Release No. 4 <br />October 26, 1998 <br />