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C 0 L 0 R A D 0 <br /> rmS`st Division of Reclamation <br /> �+ Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman St. Room 215 <br /> Denver, CO 80203 <br /> February 21,2020 <br /> Mr.Joel Konig <br /> Konig Ag Co. <br /> 37231 Hwy. 14 <br /> Briggsdale,CO 80611 <br /> Re: Konig Borrow Pit, Permit M2010-055, Financial Warranty Increase, Revision SI01, <br /> Modified April 1,2020 <br /> Mr.Konig: <br /> Based on observations made on the site inspection on January 23, 2020, and existing permit reclamation <br /> requirements,on February 21,2020 the Division of Reclamation,Mining and Safety increased the current <br /> Financial Warranty for this permit to $54,285.00, in accordance with Rule 4.2.1 of the Rules and <br /> Regulations. This is an increase of$12,285.00. This surety increase is based on existing site conditions, <br /> and also reflects the increased reclamation costs that would be incurred by the State since the reclamation <br /> bond was first calculated in 2010. <br /> The Division ordered amendment of the current Financial Warranty, or submittal of a new Financial <br /> Warranty reflecting the required increase,is due within 60 days from the date of this letter. If you wish to <br /> submit a different type of Financial Warranty,please contact me such that I may send you the applicable <br /> form. <br /> If you have any questions,please contact me. <br /> Sincerely, <br /> t <br /> V <br /> Eric C. Scott <br /> Environmental Protection Specialist <br /> cc: Gabriel R.Benvenuti,DBMS <br /> M--FW-14 <br /> .OF COr <br /> 1313 Sherman St. Room 215 Denver, CO 80203 P (303)866-3567 F(303) 832-8106 https://colorado.gov/drms o' <br /> Jared Polis, Governor I Dan Gibbs, Executive Director I Virginia Brannon, Director <br /> ` �1876 I'll <br />