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PROPOSED DECISION - Canadian Strip/Phase II Bond Release <br />August 1, 1991 <br />Page 1 <br />This proposed decision is based on a site inspection conducted September <br />5, 1990, review of the monitoring and permit files and information <br />submitted by the operator in support of the Phase II Bond Release. The <br />Division determined that the cost of completing reclamation activities at <br />the site is less than the amount which will be retained after the maximum <br />permitted release of 563,488. <br />The original bond for the maximum disturbance which occurred at the site <br />was $746,450. Phase I Bond Release for sixty percent of the $746,450 was <br />granted in December of 1988, leaving a bond of $298,580. The Division <br />proposes to retain 15X of the original bond on Areas I, II, and III and <br />Ponds 1 and 2 ($38,069) and 40X of the original bond on Area IV <br />($197,063) or a total of $235,131.80. The Division proposes to release <br />bond in the amount of $63,448. <br />5972E <br />