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., <br />holes; however, such release cannot be granted until ten years have passed since fmal reclamation of <br />the holes. <br />Summary and Conclusions <br />This decision does not include any Phase III Bond Release approval. <br />IV. PROPOSED DECISION <br />Based on the observations above, the Division proposes to approve Twin Pines Investment, Limited <br />Partnership's request for a Phase I Bond Release for the Twin Pines No. 2 Mine site, the Coal Sales <br />Yazd, and the three exploration drill holes. The Division also proposes to approve the Phase II Bond <br />Release request for the three exploration drill holes. The Phase III Bond Release request for the <br />exploration drill holes is hereby denied. This proposed decision will release the applicant from <br />liability for backfilling and grading at the Twin Pines No. 2 Mine site, the Coal Sales Yard and the <br />three exploration drill holes. Areas specifically excluded from this decision are the sediment ponds <br />at the Twin Pines No. 2 Mine site and the Coal Sales Yard, and the groundwater well TP-1. Liability <br />for topsoil redistribution, Phase II vegetation cover reestablishment and erosional stability establish- <br />ment at the three exploration drill holes is also released by this decision. <br />The Division currently holds a performance bond in the amount of $54,130.00 covering reclamation <br />of the Twin Pines No. 2 Mine site and the Coal Sales Yazd. The Division also holds an additional <br />performance bond in the amount of $984.00 covering reclamation of the three exploration drill holes. <br />A detailed estimate of the remaining performance bond liability for Permit No. C-83-058, including <br />the Twin Pines No. 2 Mine site, the Coal Sales Yard and the three exploration drill holes, has been <br />calculated and is estimated to be $22,660.00. Retaining this amount results in a total amount of <br />$32,454.00, which can be released following this decision. This release includes an 85 percent bond <br />release of the monies held for the exploration holes ($836.00 released), and an approximate 58 percent <br />release of the monies held for the Twin Pines No. 2 Mine and Coal Sales Yazd sites ($31,618.00 <br />released). The remaining $22,660.00 is sufficient to assure completion of the remaining reclamation <br />work at the site if the work had to be performed by the Division. The figure includes the cost of <br />reestablishing vegetation on any revegetated aeeas, should existing vegetation on those areas fail. The <br />Division estimates its cost to complete remaining reclamation work at the site to be $22,660.00. <br />Any person with a valid legal interest which might be adversely affected by this proposed decision may <br />request a formal public hearing before the Mined Land Reclamation Board in accordance with <br />Rule 3.03.2(6). Public notice of this proposed decision will be published twice in the Canon City <br />Dairy Record as soon as possible. Requests for public hearing must be submitted to the Division in <br />writing within thirty days of the first publication in the Canon City Daily Record. If no hearing is <br />requested within thirty days, the Division's decision will become final. <br />\7WNPNS.FD <br />8 <br />