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Phase I bond release of 5456,583.00 was granted for backfilling and grading of the pit <br />area on June 12, 1986. A partial release of $745,340.00 was granted for the haul road <br />on October 3, 1986. A final bond release ($229,300.00) was approved for the haul road <br />on March 9, 1989. A Phase II bond release of $144,585.00 was granted on October 27, <br />1995, for the portion of the pit area owned by Grassy Creek Coal Company. Phase I, R, <br />and III release in the amount of $44,389 was granted for the loadout area on February <br />17, 1996. Current liability on the site is $159,803.00, all of which applies to the pit azea <br />and sediment ponds. Approval of this release of $73,053.00 would lower the liability to <br />$86,750.00. A detailed summary of performance bond liability and release amounts <br />follows in Tables 1 and 2 of this document. <br />The Division currently holds a performance bond of $159,803.00. The current <br />reclamation liability at the site is $159,803.00. The Division has also, concurrent with this <br />proposal to release bond on the Eilts property, proposed to release $86,750.00 for the pit <br />area owned by Grassy Creek Coal Company. Based on the observations and findings <br />above, the Division proposes to release the remaining $73,053.00. <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 <br />in accordance with Section 3.03.2(6). Public notice of this proposed decision will be <br />published twice in the Steamboat Pilot as soon as possible. Requests for public hearing <br />must be submitted to the Division in writing within thirty days of the first publication in <br />the Steamboat Pilot. If no hearing is requested within that thirty days, the Division's <br />decision will become final. <br />Meadows No. 1 Mine ]0 Phan III Bond Rcleasc <br />