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Introduction <br /> This document is the Findings of Compliance leading to a proposed decision by the Colorado <br /> Division of Minerals and Geology (Division) regarding a partial Phase I and a complete Phase II <br /> Bond Release Application (Application)(SL-02) filed by NCIG Financial, Inc. (Applicant) for <br /> reclamation accomplishments at the Coal Ridge No. 1 Mine (Permit C-84-064). The application was <br /> submitted under a J. E. Stover &Associates letter of March 27, 2001, Re: NCIG Financial, Inc., Coal <br /> Ridge No. 1 Mine, Request for Partial Bond Release Permit No. C-84-065. The application requests <br /> release from$82,806 in bonding requirements, which would leave a bonding requirement of$43,200. <br /> This is the second bond release application submitted by the Applicant. The first was an application <br /> for partial bond release dated January 23, 1995 (SL-01). <br /> This document contains four parts. These include: 1) procedures and summary of the bond release <br /> process; 2)criteria and schedule for bond release; 3) observations and findings of the Division <br /> regarding compliance with the bond release requirements of the Colorado Surface Coal Mining and <br /> Reclamation Act and regulations promulgated thereunder; and 4) the Division's proposed decision on <br /> the request for bond release. <br /> Detailed information about the review process can be found in the Colorado Surface Coal Mining <br /> Reclamation Act (Act) and the Regulations of the Colorado Mined Land Reclamation Board for Coal <br /> Mining (Rules). All Rules referenced within this document are contained within the Regulations. <br /> Detailed information about the mining and reclamation operations can be found in the permit <br /> application package (PAP) on file at the Division offices, located at 1313 Sherman Street, Room 215, <br /> in Denver, Colorado. <br /> The Coal Ridge No. 1 Mine (Mine) is an underground mine that was permitted (Permit C-84-065) and <br /> is operated by NCIG Financial, Inc. The Mine is located in Garfield County, Colorado, approximately <br /> 7 miles west of Glenwood Springs, Colorado. The Mine is just south of the Colorado River, and borders <br /> a section of County Road 335 approximately 1.5 mile east of the I-70 105 Newcastle interchange. The <br /> legal description of the lands included within the permit area is: <br /> Township 6 South Range 91 West of the 6th Principal Meridian Section 1: Those lands in the NE/4 <br /> south of County Road 335, Lots 3 and 4, S/2 S/2 NW/4 and Township 6 South, Range 90 West of the <br /> 6th Principal Meridian Section 5: S/2 SW/4; Section 6: All lands south of County Road 335; Section <br /> 7: NE/4 and N/2 NW/4; Section 8: N/2 N/2 SE/4, and NE/4 SW/4; Section 9: S/2, NW/4, and SW/4; <br /> Section 12: N/2 NE/4 and NE/4 NW/4; Section 15: NW/4 and Section 16: N/2 NE/4, NE/4 NW/4. <br /> The reclaimed disturbed areas associated with this application are located south of the right of way of <br /> County Road 335 in the NW 1/a,W 1/2 NE 1/4 Section 6,T6S R90W. These lands can be located on the <br /> New Castle, CO and Storm King Mountain, CO United States Geological Survey topographic map <br /> quadrangles. <br /> The Mine is in permanent cessation. Permit C-84-065 was issued on October 9, 1985 and renewed on <br /> SL-02, C-84-065 <br /> August 17, 2001 <br /> Page 3 of 13 Pages <br />