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New Bonding Calculations: The entire site and plan has been reexamined with respect to <br />bonding. The last bond calculations were done in May 1994 and there have been no adjustments <br />since. That calculation did not include any of the land to the north of the pit. It only included <br />disturbed land in 1994. Since then, a great deal of backfilling has been done which was the most <br />expensive portion of the reclamation costs in 1994. This results in a sizeable credit to reduce the <br />reclamation costs as envisioned in 1994. The costs of the expansion to the north were then <br />calculated based upon updated reclamation costs of the west ridge which is representative of the <br />costs that would be incurred on the northern expansion area. As a result of these recalculations, <br />there remains a sizeable credit in the current bond of about $48,000 that would be available and <br />is not included in any reclamation costs. Thus, if all of the affected land (68 acres) were to be <br />affected, that is an additional $700.00 per acre above and beyond the estimated reclamation costs. <br />Because this operation is self bonded, it is recommended that the existing $340,000 bond simply <br />be applied to the new situation. Included on separate sheets are the new reclamation cost <br />calculations. <br />Impact on Enhanced Reclamation: These revisions have no impact on the enhanced <br />reclamation plan. The enhanced reclamation plan is an unbonded, publicly funded overlay on top <br />of the base reclamation and mainly adds more trees to the revegetation. The provision that <br />enhanced reclamation cannot have a negative impact on base reclamation remains. Whether <br />enhanced reclamation is actually implemented or not is dependent on funding of that effort and is <br />independent of the base reclamation included in the permit. Enhanced reclamation does not <br />replace base reclamation. <br />Technical Revision 02/12/09 Snyder Quarry Page 3 of 3