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6.4.12 EXHIBIT L - Reclamation Costs <br />3.) The Division has calculated a financial warranty amount based on the proposed mining and <br />reclamation plans, the project schedule submitted with the first-adequacy review response, the <br />current level of disturbance based on the observations during the pre-operation inspection and <br />the latest annual report map. As requested, the Division included the cost to construct a slurry <br />wall around the current excavations using the 20% bonding option. For the embankment <br />construction; based on the project sequence and schedule, the applicant intends to strip all the <br />overburden necessary for the embankments all at once between September of this year and <br />February of 2011 prior to the construction of the embankments. Given this, the Division must <br />hold a bond to replace all the overburden stripped for the embankment construction. The <br />Division calculated the necessary financial warranty amount to be approximately $8,177,000.00. <br />Enclosed is a copy of the Division's estimate. <br />This concludes the Division's third adequacy review of this amendment application. Please <br />remember that the decision date for this application is August 15`h, 2010. As previously <br />mentioned if you are unable to provide satisfactory responses to any inadequacies prior to this <br />date, it will be your responsibility to request an extension of time to allow for continued <br />review of this application. If there are still unresolved issues when the decision date arrives and <br />no extension has been requested, the application will be denied. If you have any questions, <br />please contact me at (303) 866-3567 ext. 8120. <br />Sincerely, <br />Jared Ebert <br />Environmental Protection Specialist -- DRMS <br />Enclosure: CIRCES Cost Estimate; Dated: August 3, 2010 <br />Cc:. Tony Waldron, DRMS w/enclosure <br />Rocky Hoffschneider. Jr., Platte Sand and Gravel, LLC. w/enclosure <br />Steve O'Brian, Environment, Inc. w/enclosure