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III IIIIIIIIIIIII III` <br />sss TAI~~ ~ <br />United States Department of the Interior <br />BUREAU OF LAND MANAGEMENT <br />COLORADO STATE OFFICE ~= ~ <br />?850 YOUNCFIELD STREET <br />LAKEWOOD, COLORADO 80215-7076 C~-921B(ALW) <br />3451 <br />C-088199 <br />Coal <br />DEC 3 01992 <br />CERTIFIED MAIL <br />DECISION <br />Peabody Coal Company <br />Attention: Western Division Land Department <br />1300 South Yale <br />Flagstaff, Arizona 86001 <br />Readjusted Lease Terms and Conditions <br />Coal lease C-088199 was issued effective July 1, 1963. The coal lease was readjusted in 1983 <br />and is next subject to readjustment of its terms and conditions on July 1, 1993. <br />Notice of intent to readjust coal lease C-088199 was given to the lessee, Peabody Coal <br />Company, June 21, 1991. As provided in the Mineral Leasing Act of 1920, as amended (41 Stat. <br />437, 30 U.S.C. 181 er seq.), the regulations, and Sec. 23 of the current lease, we are hereby <br />readjusting the terms and conditions of lease C-088199. A copy of the readjusted lease is <br />enclosed. The readjusted lease terms shall become effective July 1, 1993, unless the lease is <br />relinquished by the lessee prior to that date. <br />The annual rental rate will remain at $3 per acre or fraction thereof as provided in the current <br />lease and applicable regulations. <br />The royalty rates, established by law and by regulations at 43 CFR 3473.3-2, will remain at <br />12'/: percent of the value of the coal removed from a surface mine and 8 percent for coal <br />removed from an underground mine. <br />The adequacy of the lease bond is reviewed periodically and adjusted when necessary to reflect <br />changed conditions. The existing condition of the lease requires a $6,800 bond. Accordingly, <br />lessee may decrease its lease bond at its con , y either submitting an acceptable bond <br />rider or replacement <br />This readjustment brings [#ie terms and condi~ns o~~ 1 lease C-088199 into conformity with <br />current coal lease provisions and applicable regulat ns. <br />... --' ~~ <br />