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.. <br /> <br />Decision <br />August, 1994 <br />Page -3- <br />Summary of the Review Process <br />Honeywood Coal Company, through Jim Stover and Associates, applied <br />for a partial bond release under the Colorado Surface Coal Mining <br />and Reclamation Act for backfilling and grading work completed at <br />the Hamilton Mine. The mine is located approximately 3 miles <br />southeast of Naturita, Colorado in portions of Sections 32 & 33, <br />Township 46 North, Range 15 West, N.M.P.M. The operator requested <br />that 60% of the reclamation bond for the mine be released. <br />An incomplete application for the bond was received by the Division <br />on March 7, 1994. Upon receipt of additional information and proof <br />of publication of the public notice, the application was complete. <br />The operator has requested a release of $497,226.00. The current <br />reclamation bond amount on hand is $650,000.00. The original bond <br />liability for the mine was jointly established at $616,250.00. On <br />October 7, 1993, the Division approved a reduction of liability for <br />$234,315.00 due to a change in the mining operation. The liability <br />at the minesite was then established at $381,935.00. With the <br />approval of the Phase I bond reduction for backfilling and grading <br />work accomplished, 60% of the current liability, a reduction of <br />$229,161.00 leaves the required bond liability of $152,774.00. The <br />original bond amount of $650,000.00, less the required bond amount <br />$152,774.00 equates to the requested release of $497,226.00. <br />The Division scheduled and conducted a bond release inspection on <br />July 14, 1994. The site inspection was conducted in accordance <br />with Rule 3.03.2(2). Representatives of the Division, the <br />Honeywood Coal Company, and the landowners were present. During <br />the inspection only one item was noted; a change in culvert <br />capacity due to the landowners request for retention of the haul <br />road. <br />