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The past processes may have addressed these issues and by way of <br />example " Reclamatlon" - If the process said that a certain plan needed to <br />be implemented and to date it has not - or the part that has been <br />implemented b not working - then it is tine to revisit and make the plan <br />one that will work. <br />By way of example, CCV has advised the City they have expended <br />approximately Three MilUon Dollars in Reclamation. that work - as the City <br />understands th, has largely been unsuccessful. The new permit, <br />demonstrates that CCV intends to "Re Mire this entire area [Much of it <br />within the current view sheds and completely destroy that three million <br />dollar investment <br />The Application shows that the new reclamation cost(sJ In 2001 Dollars as <br />shown in their Reclamation Costs section 12, are "estimated to be <br />approximately 97.5 Mililon Doliaars, the original bonded and financial <br />guarantee's currently posted 10 -15 years ago stated the costs then at 45 <br />Million Dollars, this aims shows that the financial guarantees cur ently <br />posted are not adequate to protect the Citizens at closure of a full <br />inhplementathon of Reclamation. <br />Perhaps wen more importantly to the Citizens of Cripple Creak as well as <br />the citizens of Colorado, Is whetter or not the financial guarantees are <br />adequate both in form and In substance. Letters of Credit with financial <br />institutions that go out of business or bonding companies that are <br />insolvent, leave nothing to complete the Remediation, clearly, the Mine has <br />demonstrated that the currently [In 20081 dollars less that 50% of what it <br />would cost to complete today, and if for sales of argument the mine decided <br />to dose this year, it would bake from 5 to 7 years to complete the proposed <br />mediation and the number would be significantly more than the dollars <br />proposed. <br />The City thinks that the County and the State, needs to fully address the <br />financial guarantee's - such as they are and implement a plan that assures <br />the cash is fully available to complete the work that is ultlmateiy approved. <br />POINT THREE - HISTORIC - ECONOMIC AND PERSONAL <br />IMPACTS FROM VIEWSHED DISTRUCTION <br />The City's priority in the view shed ultimately relates to the "Economic <br />impact" that the mine will cause as a result of harvesting over 160 acres of <br />mature aspen and pine trees. While It is true that at the turn of the 19 <br />Century the Ridge Lines above Cripple Creek were bar, of trees due to <br />