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28. James R. "Bill" Hyde, Senior Property Tax Specialist for the Division of Property Taxation, testified about the declaration form used by the assessors and the procedures in the Assessor's Reference Library. 29. Mr. Hyde confirmed that there were no specific definitions of the terms used on the declaration. He stated that he believed that everyone affected had a common understanding as to what the terms meant, and that industry representatives, the public, and assessors all had an opportunity to have input when the forms come before the Statutory Advisory Committee for approval. When asked hie understanding of the teen "recoverable reserves," he indicated those which lie within the life of mine boundary. If the boundary changes, then the reported reserves would change. 30. Mr. Hyde also confirmed the procedures concerning determination of economic life as stated in the Assessor's Reference Library, and testified as to how the various published factors and prices were determined. Although the statute requires that non-producing interests be valued "as all other property," Mr. Hyde stated that there were no sales of coal mines for the market approach and since the interests were in land, the cost approach was inappropriate. Therefore, the procedure developed by the Division, which is based on the income approach, is the only method available to the assessor. 31, On cross examination, Mr. Hyde was asked what activities were allowed within the life of mine boundary but outside the current permitted active mining area. He said he believed that only those activities that had been permitted when the life of mine boundary was established, which were typically monitoring activities. 32. Respondent's witness Kent Gorum, environmental protection specialist with the Colorado Division of Mines and Minerals, testified as to the currently permitted area, statue of permit, procedures for revision and renewal, and data on the Wolf Creek seam. It is his testimony which was the subject of the stipulation about confidential information. 33. Mr. Gorum has been the person in charge of the permits for the subject mine for the past 3 years. He testified that the currently permitted area contains approximately 14,611 acres. The 5 year permitting process runs for 5 years regardless of major and minor revisions of the life of mine boundary, or number of technical revisions. There is a full review of the mine and permit halfway through the term, and the mine has the right of successive renewal as long as they apply within 180 days of the end of the term. He was unable to give the termination date of the 5 year permit in effect. UA/A27512 6