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(Page 2) <br />MINE ID # OR PROSPECTING ID #: nn_~gRS_me <br />INSPECTION DATE: Fahri inns 77, ~nn~ INSPECTOR=S INITIALS: g l\nr <br />OBSERVATIONS <br />This inspection was conducted in conjunction with a Succession of Operator and Transfer of Permit Request. <br />The site is located in Bent County approximately 5 miles southeast of the town of McClave. The pit is situated <br />on an old alluvial terrace of the Arkansas River and sits just north of the active channel of the river. The <br />surrounding terrain is typical short-grass prairie common to Southeastern Colorado. <br />Riverside Aggregates, LLC is presently under application to succeed to the permit. This inspection was <br />conducted to verify a previous bond calculation that was conducted in anticipation of the transfer. Since Bent <br />County was the operator of the site a financial warranty has not been required, however, now that a private <br />operator is going to succeed to the permit, a financial warranty is necessary. The financial warranty was <br />calculated to be S27,752.00 during an inspection conducted by the Division on August 27, 2002. Since that <br />time the only changes to the site have been to remove a small material stockpile, therefore, the calculation is <br />still valid. Riverside Aggregates submitted a financial warranty in the amount of 528,000.00 with their <br />application. Based on this inspection ,that amount is sufficient to cover the outstanding reclamation liability at <br />this site. Therefore, the Succession of Operator and Transfer of Permit will be approved. <br />I & E Contact Address <br />NAME: Rudv Torrez <br />OPERATOR: Riverside Aaarg~atPS. LLC <br />STREET: U5n Rd HH <br />CITY/STATE/ZIP: Imm~r Cn A1n59 <br />cc: Gary Pritchard-Bent County <br />r CE <br />I' BL <br />t FS <br />T' H W <br />I' HMWMD (CH) <br />T' SE <br />T' WQCD (CH) <br />r OTHER <br />