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<br /> <br /> <br /> <br /> <br /> <br />October 31, 2025 <br /> <br /> <br />John Raftopoulos <br />Rancho Greco Limited <br />351 School St. <br />Craig, CO 81625-3045 <br /> <br /> <br />Re: Vermillion Creek Borrow Area - File No. M-2015-027 <br /> Rancho Greco Limited <br /> Surety Reduction Request (SR-1) <br /> Request for Surety Reduction <br /> <br />Dear John Raftopoulos: <br /> <br />On October 31, 2025 the Division of Reclamation, Mining and Safety concluded its review of the <br />Surety Reduction Request application submitted to the Division on October 7, 2025, addressing the <br />following: <br /> <br />Request for Surety Reduction <br /> <br />The decision reached by the Division is: Approve. In accordance with Rule 4.17.2(5), the Division <br />is required to wait thirty (30) days from this notice to allow for appeal of the Division’s decision. <br />Once this period closes, if no appeal is submitted, the Division’s decision will be final. <br /> <br />This is a reduction of ($808.00). 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: $29,206.00 <br />Prior Liability: $29,206.00 <br />Change in Liability: ($808.00) <br />Revised Liability: $28,398.00 <br />Prior Permit Acreage: 4.30 <br />Change in Permit Acreage: 0.00 <br />Revised Permit Acreage: 4.30 <br />Prior Affected Acreage: 4.30