HomeMy WebLinkAbout1.27 DRMS Reclamation Bond Discussion24. DRMS RECLAMATION BOND DISCUSSION
A reclamation bond is in place with the Colorado Division of Reclamation, Mining, and Safety
in the amount of $1,107,856. This bond is based on the mining and reclamation plan approved in
Resolution 2011-44. The changes to the mining and reclamation plan that are found in this
application will lead to a Iower bond. Concurrent reclamation as proposed above typically
minimizes bonds.
Once this substantial modification to land use change of the Cerise property is approved by the
Planning Commission, the new mining and reclamation plan will be submitted to CDRMS, and a
new bond will be calculated.