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Proposed Decision <br /> The Division finds, based on the findings in this document, that <br /> 68 . 65 percent of the New Horizon Mine 1 (215 . 5 acres of a possible <br /> 313 . 9 acres) is eligible for a 60 percent release of bond (Phase I) <br /> for successful completion of backfilling and grading . Specifically <br /> excluded from the release is the area known as the Rice Tract <br /> (described earlier in this document, 98 . 4 acres) . <br /> Additionally, the Division proposes not to release any portion of <br /> the performance bond for the areas that have been requested for a <br /> Phase II Bond Release . <br /> Rule 3 . 03 . 1 (3) (d) requires the Division to retain, at a minimum, <br /> sufficient bond to complete the approved reclamation plan. The <br /> Division has reviewed the original bond calculation. The amount of <br /> bond associated with the New Horizon Mine 1 is $483, 901 . The <br /> operator is entitled to a 60 percent Phase I bond release for 215 . 5 <br /> permitted acres (68 . 65 percent) , which amounts to $199, 326 (see <br /> attached map for acreage details) . The remaining $284, 575 bond is <br /> sufficient to perform all remaining reclamation at the New Horizon <br /> Mine 1 site. <br /> M:\oselgew\Ncw Hmvm.HR <br /> 6 <br />