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The Division is in possession of three reclamation bonds for the Bear No. 3 Mine that total $279,224.00. <br />The Division holds Cash Bond No. 5047, issued by the First Colorado National Bank, for $119,224.00. <br />The Division also holds Certificate of Deposit No. 2840 from the First Colorado National Bank in the <br />amount of $60,000.00, as well as Certificate of Deposit No. 9051819408 for $100,000.00 from Wells <br />Fargo Bank West N.A. <br />NOTICE OF PROPOSED DECISION <br />The Colorado Division of Reclamation, Mining and Safety proposes to approve an application for a <br />Partial Phase I Bond Release (Surety Release SL-4) submitted by the Bear Coal Company for the Bear <br />No. 3 Mine, Permit Number C-1981-033. The proposed decision is based on the successful completion of <br />structural removal, backfilling and grading of 7.5 acres of the total disturbed area of 9.0 acres and <br />drainage control according to the approved reclamation plan. Based on the reclamation completed at the <br />Bear No. 3 Mine and the cost of completing the remaining reclamation, the Division is proposing to <br />release $148,833.00 of the total bond amount of $279,224.00. <br />The Bear No. 3 Mine is an underground coal operation located in Gunnison County immediately south <br />and east of the town of Somerset, Colorado. The North Fork of the Gunnison River and State Highway <br />133 are located just north of the mine site. The permit area contains 1108.4 acres of land within Sections <br />8, 16, 17, 18, 20 and 21 of Township 13 South, Range 90 West of the 6th P.M. The permit area is <br />contained within the U.S. Geological Survey 7.5 minute Somerset Quadrangle map. <br />A copy of the "Proposed Decision and Findings of Compliance" is on file for public inspection at the <br />Colorado Division of Reclamation, Mining and Safety, Room 215 Centennial Building, 1313 Sherman <br />Street, Denver, Colorado 80203, at the Paonia Public Library, 2 3`d Street, Paonia, CO 81428 and at the <br />Gunnison County Clerk and Recorder's Office, 221 N. Wisconsin, Suite C, Gunnison, Colorado 81230. <br />Any person with a valid legal interest which might be adversely affected by this proposed decision may <br />request a formal public hearing before the Mined Land Reclamation Board in accordance with Rule <br />3.03.2(6). Requests for a public hearing must be received by the Division within thirty days of the first <br />publication in the Delta County Independent. The request must be in writing and must state, with <br />reasonable specificity, the reasons for requesting such a hearing. All requests must be submitted to the <br />Colorado Division of Reclamation, Mining and Safety, 1313 Sherman Street, Room 215, Denver, <br />Colorado, 80203. If no hearing is requested within those thirty days, the Division's decision will become <br />final. <br />c:/word2007/bear3/Bear No. 3 SL-4 Findings <br />9