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<br /> <br /> <br /> <br /> <br /> <br />April 21, 2022 <br /> <br /> <br />Don Valentine <br />White River City Investments LLC <br />P.O. Box 881090 <br />Steamboat Springs, CO 80488 <br /> <br /> <br />Re: WRC Wet Pit - File No. M-2014-063 <br /> White River City Investments LLC <br /> Surety Reduction Request Application (SR-1) <br /> Hold hold min $500 bond based on TR-2 approval <br /> <br />Dear Don Valentine: <br /> <br />On April 20, 2022 the Division of Reclamation, Mining and Safety concluded its review of the Surety <br />Reduction Request application submitted to the Division on March 24, 2022, addressing the <br />following: <br /> <br />Hold min $500 bond based on TR-2 approval. Bond will be relculated 90 days prior to the <br />commencment of mining. <br /> <br />The decision reached by the Division is: Approve. Release excess surety post TR-2. Hold the $500 <br />Min. <br /> <br />This is a reduction of ($59,512.71). This decision reduces the amount of the financial warranty, and <br />does not approve any release of reclamation responsibility for the tasks associated with this request. <br /> <br />Please provide a rider to the current Financial Warranty, or submit a new Financial Warranty <br />reflecting this reduction. If you wish to submit a different type of Financial Warranty, please contact <br />our office for the applicable form. <br /> <br />Bond Held: $60,012.71 <br />Prior Liability: $60,012.71 <br />Change in Liability: ($59,512.71) <br />Revised Liability: $500.00 <br />Prior Permit Acreage: 50.80 <br />Change in Permit Acreage: 0.00 <br />Revised Permit Acreage: 50.80 <br />Prior Affected Acreage: 7.34