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a <br /> <br />Decision <br />August, 1994 <br />Page -5- <br /> <br />Proposed Decision <br />The Division finds, based on the findings in this document, that <br />the Hamilton Mine is eligible for a 60 percent release of bond for <br />successful completion of backfilling and grading. Specifically <br />excluded from the release are the 2 sediment ponds and the <br />remaining diversions and berms. <br />Rule 3.03.1(3)(d) requires the Division to retain at a minimum, <br />sufficient bond to complete the approved reclamation plan. The <br />Division has reviewed the original bond calculations and finds that <br />sufficient bond is held by the Division to allow for the proposed <br />release. Of the original $650,000.00 bond, the Division proposes <br />to release $497,226.00. The Division finds the remaining bond in <br />the amount of $152,774.00 sufficient to complete all remaining <br />reclamation on site. Please refer to the summary for complete <br />details of the current bond liability. <br />M:\oss\decisioo.hr <br />