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eligible to be released for backfilling, grading, and drainage control to 60% of the applicable <br />amount for a permit area. Assuming all Phase I tasks at the site have been completed, the <br />amount of bond eligible for release under SL-O1 would be $1,485,646.00. <br />60% X $2,476,076.00 = $1,485,646.00 <br />and would result in a post SL-O1 liability of $990,430.00; <br />$2,476,076.00 - $1,485,646.00 =. $990,430.00 <br />However, all Phase I tasks have not been completed at the site and therefore, the full amount of <br />all Phase I reclamation tasks at the loadout, service area, and borrow area #3 must also be <br />retained since these tasks have not been completed and these areas are not the subject of this <br />bond release. This includes the Phase I tasks for removal of bed coal at the loadout and grading <br />at borrow area #3. These dollars; ($7,551.00 + $227.00) plus overall administrative costs <br />($2032.00) total $9810.00, and must be added back to bond amount based on the 60% limitation; <br />$990,430.00 + $9810.00 = $1,00,0,240.00 <br />As a result of SL-O1, $1,000,240.00 becomes the new amount of bond required to be held by the <br />Division following approval of this Phase I bond release for 122.1 acres. The amount to be <br />released is $1,475,836.00. <br />Rule 3.03.1(2)(d) additionally restricts the Division from reducing the remaining bond amount to <br />an amount less than necessary to~l,complete all remaining reclamation in accordance with the <br />approved plan. The bond amount of $1,000,240.00 (shown below in blue) is an amount <br />sufficient to ensure the completion of all remaining reclamation in accordance with the approved <br />plan at this time. <br />100% <br />40% <br />0% <br />$2,476,076 $990,430 $0 <br />$1,475,836 $1,000,240 <br />Proposed for release Proposed to retain <br />Since SL-O1 was approved, the required bond was adjusted downward by $33,119.00 due to the <br />approval of Technical Revision No. 14 (TR-14, October 2006) reducing the required amount of <br />bond to be held by the Division to $967,121.00. <br />This bond release (SL-02) is a Phase I, II, and III bond release for areas with an industrial post- <br />mining land use. Appendix A of these written findings summarizes the tasks eligible for release <br />