Laserfiche WebLink
Rule 4.27 Operations on Steep Slopes <br />In compliance by exception. There are no steep slope operations at the site. <br />Section VI -Bonding Review <br />The amount of performance bond required has been reviewed to recognize the cost of future <br />reclamation [Rule 3.02.2(4)]. A summary of reclamation estimates and bond coverage is <br />presented in the following table. <br /> Reclamation Estimate Bond <br /> <br />Ori final PAP a es 118-123 $4,402,022 $4,402,909 <br />Bond Release SL-O1 $2,334,441 $4,402,909 <br />Permit Renewal Number 4 $2,218,147 $4,402,909 <br />2004 Midterm Review $2,191,902 2,614,909 <br /> <br />~ For remaining reclamation work <br />z The minimum bond coverage required was, however, $2,614,909. <br />In addition, the Division is required [Rule 3.02.2(4)] to retain reclamation bond monies until <br />released by due process (bond releases under Rule 3.03) for reclamation work that has been <br />accomplished. The Division estimated such accomplished work as $569,105. Thus the Division <br />estimated the current bond requirement ($2,191,902 + $569,105) to be $2,761,007, an increase of <br />$146,098 above the current bond. This estimate, the Reclamation Cost Estimate 2004 Midterm <br />Review of Permit C-1981-028, Keenesburg Strip Mine, dated March 30, 2004 is included in this <br />review by reference. The Division proposes to require an appropriate adjustment [Rule <br />3.02.2(4)(b)], and offers Coors Energy Company an opportunity for an informal conference on <br />the adjustment [Rule 3.02.2(4)(a)] and a formal hearing pursuant to Rule 2.07.4(3) [Rule <br />3.02.2(4)(c)]. <br />Pagel of 7 Pages <br />