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Korinek Sand Et Gravel <br />Gerald Korinek <br />640 County Lane 15 <br />Manzanola, CO 81058 <br />(719)469 -6510 <br />korineksanda-gmail.com <br />February 26, 2015 <br />Division of Reclamation, Mining and Safety <br />RECEIVED <br />1313 Sherman St, Room 215 <br />Denver, CO 80203 <br />RE: Mine ID# M- 1979 -131 S DIVISION O'F <br />MINING AND SAFETY <br />To Whom it May Concern: <br />In October of 2014 we were informed by Barbara Coria while doing our financial warranty letter of <br />credit that our financial warranty responsibility had been reduced to $46,000.00 after the 3 year <br />pit inspection done by Tyler O'Donnell. <br />Mr. O'Donnell apparently stated that because of our progress in reclamation that has been done, <br />that our financial cost estimate to reclaim pit area could be reduced to $46,000.00. <br />We were told that we needed to request a Reclamation Bond Reduction for the reclamation <br />being done on our pit by sending a letter of request to the Reclamation Board. <br />So in lieu of that information, we would like to request a reduction in our reclamation bond <br />amount to $46,000.00 so that we can use the remainder of our CD to update some equipment. <br />By reclaiming our pit as we go, we feel that the cost to reclaim the pit would be considerably <br />lower. So we are hoping that our financial responsibility could be reduced. <br />S1 <br />( Gerald W. Korinek d AF & Report <br />J Violations <br />MV1990072 8/1/1990 <br />MV2006055 9/15/2006 <br />