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COLORADO <br /> IV Division of Reclamation, <br /> Mining and Safety <br /> Department of Nat, ral Resources <br /> 1313 Sherman St. Room 215 <br /> Denver, CO 80203 <br /> April 30,2019 <br /> Mr.Paul Ainsworth <br /> Chief Financial Officer <br /> Continental Materials Corporation <br /> 440 South LaSalle, Suite 3100 <br /> Chicago,IL 60605-5020 <br /> Mr.Jerald Schnabel <br /> Castle Concrete Aggregates <br /> 7250 Allegheny Drive <br /> Colorado Springs,CO 80919 <br /> Re: Pikeview Quarry,Permit No.M-1977-211; <br /> Follow-up Financial Warranty Increase,Revision No.SI-2 <br /> Dear Messrs.Ainsworth and Schnabel: <br /> On March 14, 2019 the Division of Reclamation, Mining and Safety (DRMS) increased the current <br /> Financial Warranty for this permit to $21,924,090.00, in accordance with Rule 4.2.1 of the Rules and <br /> Regulations. This is an increase of$17,698,090.00. <br /> As stated in our March 14,2019 letter,the increase is due to the DRMS 60 days from the date of that letter. <br /> The Due Date is May 13,2019. Pursuant to Rule 4.2.1(2), if you disagree with the surety increase,you <br /> need to notify the DRMS in writing by the May 13,2019 due date so that a hearing before the Mined Land <br /> Reclamation Board may be scheduled. The notice should specify the reasons for the disagreement with <br /> the DRMS surety increase. <br /> If you have any questions,please contact me. <br /> Sincere <br /> Timothy Cazier, <br /> Environmental Protection Specialist <br /> ec: Barbara J.Coria,DRMS(w/o enclosure) <br /> Paul Ainsworth,Continental Materials Corporation <br /> Jerald Schnabel,Castle Concrete Aggregates <br /> Michael Cunningham,DRMS <br /> DRMS file <br /> 1313 Sherman St. Room 215 Denver, CO 80203 P (303) 8663567 F 303.832.8106 http://mining.state.co.us <br /> Jared S. Polis, Governor Dan Gibbs, Executive Director Virginia Brannon, Director `. ., <br /> !876, ' <br />