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• RULE 3 PERFORMANCE BOND REQUIREMENTS <br />This rule sets forth the minimum requirements and responsibilities for filing and maintaining <br />performance bonds for surface coal mining and reclamation operations. This rule includes <br />minimum requirements for determining amounts and periods of liability for performance <br />bonds. Likewise, it establishes minimum standards for the form, conditions, and terms of <br />performance bonds. <br />The original bond amount for the property was $320,000. Following the 1989 reclamation, <br />the CDMG approved (on November 19, 1990 a $220,000 Phase I reduction for the property, <br />leaving a bond amount of $100,000. On January 22, 1992, the CDMG also approved the <br />removal of the sediment control system which was reclaimed in February 1992. No bond <br />has been released for this portion of the reclamation, however, a Phase II bond release is <br />pending. There currently are no disturbances remaining on the property which require <br />reclamation. As currently calculated on the following pages, reclamation liability in the <br />amount of $49,222 is based on removal of the Clearwater diversion ditch fence and the <br />assumption that a total revegetation failure would occur. As this failure seems unlikely since <br />the revegetated area is progressing into the fourth growing season and there are no other <br />surface disturbances to be reclaimed, the current bond held for the mine is more than <br />sufficient to complete any and all remaining reclamation liability for the property. <br />• <br />C~ <br />3.00-1 <br />