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<br />~:~~ ` 111111~II11U111111 C LORADO <br />g99 Amer, Governor <br />DEPARTMENT OF NATURAL RESOURCES <br />MINED LAND RECLAMATION DIVISION <br />DAVID G SHELTON, Dlreetor <br />March 31, 1987 <br />Bill Tezak <br />Colorado Quarries, Inc. <br />Box 1389, 15th & Water Sts <br />Canon City, CO 81212 <br />Re: File No. M-87-02$ Lily Mines, APPROVED WITH CONDITIONS, Decision <br />Letter - Conditions, Financial and Performance Warranty Request <br />Dear Bill Tezak: <br />0n March 25, 1987, the Mined Land Reclamation Board approved with conditions <br />your 110 permit application. The conditions to the approval are noted below: <br />Stipulation No. O1 <br />Operations will only occur between the months of June to September. <br />The amount of financial warranty set by the Board for this operation is <br />55,000.00, You must submit a financial warranty in this amount and a <br />performance warranty in order for us to issue a permit. In the event you have <br />requested a financial warranty form, we have enclosed it in this letter. If <br />you have not, please select a type of financial warranty from Rule 7.4. Then <br />contact us so that we can provide you with the appropriate warranty form. We <br />have attached a performance warranty form with this letter for your use. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS BEEN <br />ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL WARRANTY AND <br />PERFORMANCE WARRANTY. <br />If you have any questions, please contact me. <br />Sincerely, <br />Karen A. Hellner <br />Reclamation Specialist <br />Enclosure <br />2901G <br />423 Centennial Building, 1313 Sherman Street Denver, Colorado 80203-2273 Tel. (303) 866-3567 <br />