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Appendix 4 SL-04 History of Bond Releases and Determination of Proposed Bond Release Amount
<br />
<br />Total Bond Mine Site Loadout Prime Farm Portal Action Date Comments and Footnotes
<br />Requirement Land Disturbance
<br /> & Water
<br /> Treatment
<br /> Diamond A West Side
<br />
<br />804,300 527,500 231,800 45,000 TR-07 Nov-87 bond reduction
<br />321,720 211,000 92,720 18,000 SL-01 Mar-88 Phase 160%reduction
<br />393,000 211,000 92,720 18,000 71,280 TR-08 Oct-88 (a)
<br />348,000 211,000 92,720 (-27,000) 71,280 SL-02 Nov-93 (b)
<br />270,733 211,000 0 15,453 (-27,000) 71,280 SL-03 Nov-93 (c)
<br />95,612 79,125 0 5,795 0 10,692 SL-04 (d)
<br />175,121 (net proposed decrease in surety re quirement)
<br />
<br />Recapitulation (proposed release amounts): Sub-totals
<br />Phase I: 42,768 42,768
<br />Phase 2: 131,875 9,658 17,820 159,353
<br /> Subtotal of proposed releases: 202,121
<br />
<br />Note that a release of $202,121 is recognized by this bond release. However, $27,000 of this amount had been advanced by SL-02.
<br />The reduction in required bond is thus $202,121 - $27,000 = $175,121 (15% retainage of bonded work)
<br />
<br />(a) Reclamation cost of $71,280 = $41,900 (portal disturbance) + $29,380 (water treatment system)
<br />(b) SL-02 released $45,000 for the prime farm land, but only $18,000 was left. Thus a $27,000 overage.
<br />(c) 100% Diamond A Parcel release, 40% of a $38,632 reclamation bond retained for West Side (cost to revegetate)
<br />(d) $79,125 = 15% of $527,500. $5,795 = 15% of $38,632. $10,692 = 15% of $71,280 (a Phase I and Phase II release).
<br />
<br /> SL-04, C-81-025
<br /> 11 /13/01
<br /> Pa a 4-1 of 1 Pa e
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