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AgoCOLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman Street,Room 215 <br /> Denver,CO 80203 <br /> December 17, 2025 <br /> Sent via certified mail and FedEx: <br /> Community Banks of Colorado <br /> Attn: Michael Minga <br /> 1701 Main Ave. <br /> Durango, CO 81301 <br /> Re: Forfeiture of Assigned Public Funds Letter of Credit#02014485318 <br /> Arboles Sand & Stone,LLC$98,585.00 <br /> Assigned to the State of Colorado Mined Land Reclamation Board <br /> M-2013-066 <br /> Dear Michael Minga: <br /> The Colorado Mined Land Reclamation Board (the"Board")issued the attached Findings of Fact, <br /> Conclusions of Law, and Board Order ("Order"), at a Formal Public Hearing conducted on <br /> December 17, 2025 in Denver, Colorado. Pursuant to C.R.S. 34-32-118(I), the Board has ordered <br /> that this financial warranty in the amount of$99,585.00 be forfeited. <br /> Pursuant to the Order, I, Michael Cunningham, Director of the Division of Reclamation, Mining <br /> and Safety, of the State of Colorado,certify that I am a duly authorized official acting on behalf of <br /> the State of Colorado, that Arboles Sand & Stone, LLC failed to submit a Board approved letter <br /> of credit as required by M-2013-066 and that the amount of $98,585.00 under letter of credit # <br /> 02014485318 is due and payable by Cashier's Check to the State of Colorado, Division of <br /> Reclamation, Mining and Safety, Attention: Sara Stevenson-Benn, 1313 Sherman Street, Room <br /> 215, Denver, Colorado 80203 due by December 26,2025. <br /> If you have any questions,please contact Financial Warranty Specialist Sara Stevenson-Benn at <br /> sara.stevenson-benn @state.us.co. <br /> Sincere , <br /> a L <br /> Michael Cunnin am <br /> Division Director <br /> Certified Mail Number: 7019 2280 0001 8255 2354 <br /> FedEx Number: <br /> 8115 6827 3386 <br /> O—cAA <br /> 0l� <br /> � yo <br /> 1313 Sherman Street,Room 215,Denver,CO 80203 P 303.866.3567 F 303.832.8106 https:J/mininQ.state.co.us <br /> Jared Polls,Governor i Dan Gibbs, Executive Director I Michael Cunningham, Director # 1876+,* <br />