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An overview of bond status on this permit is presented in the following table. <br /> Bond Status Overview <br /> Reclamation Bond Held Bond Released Minimum Bond Comments <br /> Estimate' Requirement <br /> $276,200 $288,000 $276,200 Original estimate <br /> $112,506 $126,006 $161,994 $126,006 SL-01 <br /> $125,847 $126,006 $126,006 Permit Renewal <br /> Number 3 <br /> $79,274 $126,006 $126,006 1999 Midterm <br /> Review <br /> $110,480 Phase I floor <br /> $41,430 Phase II floor <br /> $40,508 43,200 $82,806 $41,43012 Phase II Bond <br /> Release &RN 4 <br /> $10,000 Pre-Phase III <br /> floor <br /> 1 Table 4.4-4, page 4-67, PAP <br /> 2 Certificates 6733 for$88,000, 158275 for$100,000, and 34762 for$100,000 <br /> 3 Certificates 1200 for$26,006 (Bank of Colorado—Western Slope) and 1013366687 for$100,000 <br /> (Wells Fargo Bank West N.A.) <br /> 4 Board Order, 19 October 1995 <br /> 5 Prepared by the Division of Minerals and Geology <br /> 640% floor (60% of original estimate maximum allowance) for accomplished backfilling and grading <br /> 7 15% floor(85% of original estimate maximum allowance) for accomplished backfilling, grading, <br /> and seeding (successful establishment of cover and potential for final success) <br /> 8 Minimum retention pending final bond release [Rule 3.03.1(4)] <br /> 9 Division estimate of 2 May 2001 <br /> 10 Proposed bond coverage (Application), $126,006 existing bond- $82,806 release= $43,200 <br /> " Dollar amount requested for release <br /> 12 The minimum amount of bond required by the rules [the greater amount of the Phase II floor <br /> ($41,430), the cost of remaining reclamation ($40,508), or the pre-Phase III floor($10,000)]. <br /> Criteria <br /> Phase I <br /> Up to sixty percent of the applicable bond amount shall be released when the permittee successfully <br /> completes backfilling, regrading, and drainage control in accordance with the approved reclamation <br /> SL-02, C-84-065 <br /> August 17, 2001 <br /> Page 6 of 13 Pages <br />