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<br />Based on the observations and findings as detailed above, the Division proposes to approve Basin <br />Resources request for a Phase II bond release (SL-03) for those 51.26 acres labeled A-R as depicted <br />on Figure A-I of the application. The reclamation liability will be reduced by $192,501.00, which <br />when subtracted from the current bond amount of $365,595.00, leaves $173,094.00 as the required <br />amount of performance bond [o be held by the Division and the Stale of Colorado. <br />Any person with a valid legal interest which might be adversely affected by this proposed decision <br />may request a formal public hearing before the Mined Land Reclamation Board in accordance with <br />Rule 3.03.2(6). Public notice of this proposed decision will be published once a week for two weeks <br />in the Chronicle-News as soon as possible. Requests for public hearing must be submitted [o the <br />Division in writing within thirty days of the firs[ publication of [he public notice. [f no hearing is <br />requested the Division's decision will become final. <br />9 <br />