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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natwal Resources <br />1373 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />January 18,2007 <br />COLORADO <br />DIVISION OF <br />RECLAMATION <br />MINING <br />- Sc- <br />SAFETY <br />Bill Owens <br />Governor <br /> <br />Mr. James Striggow Russell George <br />Executive Director <br />Glade, LLC Ronald W. Cattany <br />1400 N. Shields St. oivlsion Director <br />Fort Collins, CD. 80524 Natural Resource Trustee <br />Re: Glade Quarry, Permit Application No. M-2006021 Decision Letter -Financial and Performance <br />Warranty Request =Construction Materials Operation <br />Deaz Mr. Striggow: <br />On January 4, 2007, the Division of Reclamation, Mining and Safety approved your 112 mining permit applicafion. <br />The amount of financial warranty set by the Division for this operation is $39,059.00. This amount is based on the <br />operator's commitment to having up to two phases open at any one time with one or more phases undergoing <br />reclamation. Should the operator choose to have more than two phases open at any one fime the Division will <br />recalculate the bond amount based on the number of phases currently being mined. <br />You must submit a financial warranty in this amount and a performance warranty in order for us to issue a permit. <br />In the event you have requested a financial warranty form, we have enclosed it in this letter. If you have not, please <br />select a type of financial warranty from Rule 4.3. Then contact us so that we can provide you with the appropriate <br />warranty form. We have enclosed a performance warranty form with this letter for your use. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS <br />BEEN ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL WARRANTY AND <br />PERFORMANCE WARRANTY. A PERMIT WILL NOT BE ISSUED UNTIL WE VERIFY THE <br />ADEQUACY OF BOTH YOUR FINANCIAL WARRANTY AND PERFORMANCE WARRANTY. <br />If you have any questions, please contact me at (303) 866-4935. <br />Sincerely, <br />Richard M. Wenzelll III <br />Environmental Protection Specialist <br />Enclosure: Bond Calculation, Performance Warranty <br />Permit # M - 2oU6 - G y. / Confidential? No <br />Class PLR-MIT Type Seq NA <br />MV# //II InspectyonPate N f1 <br />Doc Date (if no date stamp) ///P/o7 <br />Doc Name P~~.tn r7" A// Gro-rtu /b UdFL /,~~~ <br />From DRMS/Other /~NtS <br />ToDRMS/Other CApF Gt~i <br />Recipients ICFr r ~ E <br />cc: Bob Gowing, QED Associates <br />Carl Mount, DRMS <br />Elizabeth Shelton, DRMS <br />Office of <br />Mined land Reclamation <br />Office of <br />Active and Inactive Mines <br />