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COLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> June 26, 2023 <br /> Gary Kay <br /> Colorado Rose Red Inc. <br /> 7201 Worley Dr. <br /> Denver, CO 80221 <br /> RE: Colorado Rose Red Pit, Permit No. M1978-332, Financial Warranty Increase, Revision No. SI-1 <br /> Dear Mr. Kay, <br /> On June 26, 2023 the Division of Reclamation, Mining and Safety (DRMS/Division) increased the current <br /> Financial Warranty for the Colorado Rose Red Pit (M1978-332) to $17,325.00, in accordance with Rule <br /> 4.2.1 of the Mineral Rules and Regulations for the Extraction of Construction Materials. This is an <br /> increase of$2,525.00 from the currently held amount of$14,800.00. <br /> The Division ordered amendment of the current Financial Warranty, or submittal of a new Financial <br /> Warranty reflecting the increase, is due within sixty (60) days from the date of this letter, August 25, <br /> 2023. Failure to post the additional required Financial Warranty within sixty (60) days may result in the <br /> Division pursuing enforcement actions. Enforcement actions may include the assessment of civil <br /> penalties, issuing a cease-and-desist order, permit revocation and find the currently held Financial <br /> Warranty subject to forfeiture. <br /> Please make arrangements with Sara Stevenson-Benn at the Division's Denver office for submittal of <br /> the financial warranty. Any other questions regarding completion, execution and/or submittal of <br /> financial warranty forms should also be directed to Sara. Her phone number is 303-866-3567 or by <br /> email at sara.stevenson-benn(@state.co.us. <br /> If you need additional information or have any questions, please contact me by telephone at <br /> 303-866-3567 x8114, or by email at patrick.lennberg(a?state.co.us. <br /> Sincerely, <br /> a-� <br /> Patrick Lennberg <br /> Environmental Protection Specialist <br /> OF COlO <br /> 1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 https://drms.colorado.gov/ <br /> Jared Polis, Governor I Dan Gibbs, Executive Director I Virginia Brannon, Director I y \ O <br /> *1876�` <br />