2008-01-03_REVISION - C1981038 (3)

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Bowie No. 1 Mine C-1981-038 Partial Phase I Bond Release SL-03 Task: 000 -___ ._ ... _._. _. ~ Site: Bowie No. 1 Mine _._ _I -. _ Date: 21 Nov 07 User: JRS Permit Acton. _ __ _ . ____ __ Partial Phase t Bond Release SL-03 _ .. _. _._. __1.. _ _ .__. __ ~ County __. _. Delta Description. ,SL-03 Final Releasable Amount File Name: .. C-1981-038 -- - -- Task Reclamation Task Description ~ Total Cost A !Current Surety Held by DRMS ! $5,761,290.00 --- - _ _ __._ ._ B Current Liability Calculated After SL-03 Tasks Removed (Current Costs) i i _ ___._ $4,123,457.00 -- - - - - _ ~ ~ "Excess" Bond Held by Drv~sion (Current Costs - A-B) i -.. $ I ,637,833.00 D ~ Reclamation Completed by BRL Task 202 (Old Costs -Including O&P)_ $1,893,923.00 - --- - - -- Applicable Bond Amount (Old Costs -Based on Demolition Only) _ _ I ---t_ - - _.._ $2,688,882.00 _ F Releasable Amount Based on 60% of Applicable Bond (Old Costs - 0.6*E) _ ` $1,613,329.20 G ~ Releasable Amount Based on 60% of Demolition Completed (Old Costs - 0.6*D) ~ -~_- $1,136,353.80 H _ ;Bond Remaining AFTER SL-03 (New Costs - A-G) -- - $4,624,936.20 1 - - - - - -- - j Regwred Surety to Complete Reclamation in Event of Forfeiture (New Costs - B) _ _ ~ _ _ _ $4,123,45.7.00 '"Excess" Bond Held by Dw~sion Following SL-03 (New Costs- H-I) __. _~ _ _ _ - ~ - - - $501 479.20 _ , --- - K - - Amount of Bond Release Requested by BRL (Old Costs) $1,151,456.00 L --- -- __ --- -- __ ...- -- - - --------- -- - - Difference Between Division Releasable and BRL Request (Old Costs - G-K) - - -- - -- -- - -_r_-- ~ --- -t -$15,102.20 __._ ~ . _ _ - - --- -- - ~, ._ __ . - --- - i -- _ - - _ - -- - - - - - - - - - i -_ 'Total Amount Available for Release with Partial Phase 1 Bond Release SL-03 -- - - 1,136,353.80 .1~ Page 1 1/3/2008