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This stipulation has been complied with by marking these wells and <br /> boreholes in the field with rock bolts and brass tags. This is <br /> explained in a letter dated x/x/x from Tom Anderson to the <br /> Division and is contained in the TR-17 File. The stipulation is <br /> therefore terminated. <br /> Stipulation No. 19 <br /> SAC must obtain Division approval of a new bond to cover the bond <br /> increase associated with the construction bstation <br /> before said construction begins. <br /> This stipulation has been complied with through the submittal of <br /> U. S. Treasury Note No. 833628 and CUSIP #912827L42 and is ther <br /> term <br /> IV. Bo <br /> The current reclamation bond for the Sanborn Creek Mine is <br /> $1, 089 , 743 . 75 and is secured with the following bond instruments. <br /> Instrument Amount <br /> Letter of Credit No. 13424 $575 , 000. 00 <br /> CD No. 000597002 $96, 000 . 00 <br /> Letter of Credit No. AO279 $37 , 000 . 00 <br /> CD No. 601629001 $6 , 000 <br /> TN-CUSIP No. 9128271,42; Receipt 822384 $351 , 962 . 50 <br /> TN-CUSIP No. 912827L42 ; Receipt 833628 $10 , 463 . 75 <br /> TN-CUSIP No. 912827L42 ; Receipt 891656 $13 , 317 . 50 <br /> Total $1 , 089 , 743 . 75 <br /> During the course of this review the reclamation cost estimate was <br /> recalculated using 1995 costs for structural demolition and <br /> equipment operation. The results of this review indicate that <br /> most costs associated with the various reclamation tasks have <br /> increased. In addition, salvage value on structural demolition is <br /> no longer accepted by the Division as credit on reclamation <br /> bonds. Therefore, the reclamation liability for the Sanborn Creek <br /> Mine has increased by $1 , 089 , 743 . 75 to $1 , 232 . 257 . 00 . A copy of <br /> the revised bond calculation is attached to this document for your <br /> review. <br /> Please review the completed bond estimate and forward any concerns <br /> about the new cost estimate to the Division. If no additional <br /> concerns are received, the Division will finalize the increase that <br /> is required and request that Oxbow Carbon and Minerals, Inc. amend <br /> their existing bond to cover the increase in the reclamation <br /> liability. This can be accomplished through the bond instrument of <br /> your choice that is acceptable per rule 3 . 02 . 4 of the Regulations <br /> of the Colorado Mined Land Reclamation Board for Coal Mining. If <br /> no additional changes occur, the reclamation bond will need to be <br /> -6- <br />