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Bowie No. 1 Mine C-1981-038 <br />Partial Phase I Bond Release SL-03 <br />Task: 000 Site: Bowie No. 1 Mine Date: 21 Nov 07 User_JRS <br />Permit Action: <br />--- - - Partial Phase I Bond Release SL-03 <br />- - - - ---- - - - --- -- - --_- -- --- <br />-- County -- <br />- - _(Delta <br />Description: - - ?[SL-03 Final Releasable Amount File Name: IC-1981-038 <br />Task - Reclamation Task Description - Total Cast <br /> <br />A <br />Current Surety Held by DRMS I <br />$5,761,290.00 <br />B <br />- - Current Liability Calculated After SL-03 Tasks Removed (Current Costs) - <br />- - $4,123,457.00 <br />C "Excess" Bond Held by Division (Current Costs - A -B) -- - - ? <br />$1,637,833.00 <br /> _ - - - <br />D Reclamation Completed b BRL - Task 202 Old Costs - Including O&P -- - - $1,893,923.00 <br />E - Applicable Bond Amount (Old Costs =Based on Demolition Only) $2,688,882.00 <br />- <br /> <br />F 1Releasable Amount Based on 60% of Applicable Bond (Old Costs - 0.6*E) 1 $1,613,329.20 <br /> <br />G - (Releasable Amount Based on 60% of Demolition Completed (Old Costs - 0.6*D)--_ - - i $1,136,353.80 <br />H Bond Remaining AFTER SL-03 (New Costs =A-G)-- -- - ? $4,624,936.20 <br /> <br />I Required Surety to Complete Reclamation in Event of Forfeiture (New Costs - B) _ $4,123,457.00 <br /> <br />J --_-_ <br />"Excess" Bond Held by Division Following SL-03 (New Costs - H-I)_ - - - <br />! -- - -- ------ <br />$501,479.20 <br />K - Amount of Bond Release Requested by BRL (Old Costs) $1,151,456.00 <br />L Difference Between Division Releasable and BRL Request (Old Costs - G-K) -$15,102.20 <br /> <br /> <br /> Total Amount Available for Release with Partial Phase I Bond Release SL-03 $1,136,353.80 <br />jrs Page 1 1/3/2008