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<br /> <br /> <br /> <br /> <br /> <br />February 16, 2023 <br /> <br /> <br />Joel Konig <br />Konig Ag Co. <br />37231 Hwy. 14 <br />Briggsdale, CO 80611 <br /> <br /> <br />Re: Konig Borrow Pit - File No. M-2010-055 <br /> Konig Ag Co. <br /> Surety Reduction Request (SR-1) <br /> Surety Reduction <br /> <br />Dear Joel Konig: <br /> <br />On February 16, 2023 the Division of Reclamation, Mining and Safety concluded its review of the <br />Surety Reduction Request application submitted to the Division on January 31, 2023, addressing the <br />following: <br /> <br />Reduce reclamation bond to cost for revegetation only - earthwork completed. <br /> <br />The decision reached by the Division is: Approve. Required financial warranty reduced to $32,000 <br />for revegetation costs. In accordance with Rule 4.17.2(5), the Division is required to wait thirty (30) <br />days from this notice to allow for appeal of the Division’s decision. Once this period closes, if no <br />appeal is submitted, the Division’s decision will be final. <br /> <br />This is a reduction of ($22,285.00). 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: $54,285.00 <br />Prior Liability: $54,285.00 <br />Change in Liability: ($22,285.00) <br />Revised Liability: $32,000.00 <br />Prior Permit Acreage: 35.00 <br />Change in Permit Acreage: 0.00 <br />Revised Permit Acreage: 35.00