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-AVCOLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> 1313 Sherman Street, Room 215 <br /> Denver,CO 80203 <br /> August 30,2017 <br /> Daniel Pokrajac <br /> PEPS Transport of Colorado LLC <br /> 22419 CR G <br /> Cortez, CO 81321 <br /> Re: Cortez Pit, Permit M-1976-059, Succession of Operators Awaiting Warranty <br /> Notification,Revision SO-2 <br /> Daniel Pokrajac: <br /> On August 30, 2017,the Division of Reclamation, Mining and Safety completed the review of <br /> the Transfer of Permit and Succession of Operator(SO) application submitted to the Division on <br /> May 18, 2017 and called complete on July 24, 2017. <br /> On the SO application form,the right to a 30 day decision was waived, allowing the Division to <br /> inspect the site and recalculate the bond required to finalize approval of the transfer. The <br /> estimated liability of the reclamation bond has been calculated to be $2,517.00. Please find the <br /> enclosed Reclamation Cost Estimate Worksheets for details of staff calculations. <br /> The new operator must provide the full financial warranty within 60 days of the date of this <br /> letter in order for the Division to finalize the SO. The financial warranty must be received <br /> and accepted by the Division no later than Friday October 27,2017. In the event PEPS <br /> Transport of Colorado LLC fails to provide the required bond within 60 days, the SO application <br /> will be denied, Skanska USA Civil Division West, RMD, Inc. will continue to be the Permittee <br /> of record, and be responsible for the financial warranty. <br /> The transfer of Permit M-1976-059 will not be final until the bond submitted by the new <br /> operator is approved by the Division. The current bond will be returned when the SO has been <br /> finalized. Please make arrangements with Barbara Coria at the Division of Reclamation, Mining <br /> and Safety Denver Office, phone no. 303-866-3567, ext. 8148 for submittal of the financial and <br /> performance warranties. Any questions regarding completion, execution and/or submittal of <br /> financial and/or performance warranty forms should also be directed to Barbara Coria. <br /> If you require additional information, or have questions or concerns, please feel free to contact <br /> me at the Division's Grand Junction Field Office,by phone at(970)-243-6368 or by email at <br /> lucas.west@state.co.us. <br /> 1313 Sherman Street,Room 215,Denver,CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us <br /> John W. Hickentooper,Governor I Robert W. Randall, Executive Director I Virginia Brannon, Director <br />