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<br />Proposea Decision <br />Tne Colorado Mined Land Reclamation Division proposes to approve a request for <br />partial bond release. This request was made by Grand Mesa Coal Company in <br />accordance with Rule 3.03.2 of the Regulations of the Colorado Minea Land <br />Reclamation Board for Coal Mining and the Colorado Surface Coal Mining <br />Reclamation Act, CRS 34-33-101 et seq., Section 125. Tnis Droposed dectsion <br />is to release from bond and liaotltiy all backfilling and grading work which <br />has occurred at the mine stte to date. Bond shall oe retained in an adequate <br />amount to cover reclamation of the sedimentation Dond and ditches, and the <br />successful establisnment of vegetation; including soil preparation, seeding, <br />mulching, netting and tree and shruo transplanting one to two .nears after <br />grass and forb planting, and other measures described in the approved <br />reclamation Dlan. <br />This approval decision is based on an Inspection of the site and evaluation of <br />reclamation results. The amount of bond to be released is $111,000.00. The <br />current bond liaoility of $185,000.00 shall oe reduced to $74,000.00 when all <br />statutory notice and public comment requirements have been met. The Dond <br />document on file with the Division is a corporate surety and a letter of <br />credit with a total amount of $190,000.00. In 1987 the Uivision granted final <br />Dond release for the coal loadout in Delta, Colorado. At that time the bond <br />liability for the Red Canyon mine became $185,000.00, which is the figure upon <br />wnlch this o0 percent release is calculated. However, Grand Mesa Coal Company <br />never aajusted the bond document to reflect the 45,000.00 release in 1987. It <br />is anticipated that Grand Mesa Coal Company will adjust their bond following <br />this Droposed decision. The amount that must be reflected following this <br />release is $74,000.00. The Division has calculated the amount required to <br />conduct all remaining reclamation activities. Based on these calculations the <br />Division proDOSes to release the maximum allowable under Phase I bond release, <br />(Rule 3.03.1(2)(a)). <br />9218E/scg <br />-2- <br />