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RECEIVED / <br />COLORADO LIME COMPANY AUG 0 1'ZOO2 <br />400 East Railroad Avenue <br />P.O. Box 1044 <br />Salida, Colorado, 81201 Division of Minerals and Geology <br />Phone 719-539-3525 Fax 719-539-7272 <br />July 30, 2002 <br />STATE OF COLORADO / <br />Division of Minerals and Geology ~ ~ <br />1313 Sherman Street j~c~zSb `L~ ~ t rrt~l <br />Denver, Colorado 80203 <br />Attention: James Dillie / <br />Re: Monarch Quarry 112 Permit Application, File No. M-2000-098 <br />Dear Mr. Dillie, <br />With all the delays that have taken place this spring, I am finally getting around to <br />addressing my ideas on the bond situation at the Monarch Quarry. <br />Tt is my understanding that you reached the proposed bond figure of $209,000 by <br />updating the bonds on the three 110 permits presently in place on the premises and to be <br />replaced by this 112 permit. I believe the total of these three was originally $151,372. <br />I am taking a completely different approach. As the current lime and dolomite markets <br />are down, and the competition is great, it is highly unlikely that CLC will be doing any <br />mining for some time. In the event they wish to mine, they must first present their entire <br />mining plan to the DMG for prior approval. It follows that such a TR would trigger a <br />bond review. If such activity caused a further disturbance to the area, a bond increase for <br />the mining activity is in order. With no limestone or dolomite mining in the foreseeable <br />future, I have approached this situation as it now exists, i.e., mining the spoils pile only. <br />Should, for some unforeseeable reason, CLC decide to fold the operation as it is, what is <br />necessary to reclaim? <br /> <br />As I see it there would be four basic tasks. Grading the south high wall to the south <br />boundary line or such a distance as possible to reduce the slope and run off erosion. Two, <br />rip-rap this face with at least 6 inch material. Three, remove the scales and four, cover the <br />hole where the trash from the burnt shop was placed. <br />The following measurements were used in calculating the cost of these tasks. It is 235 <br />feet from the high wall to the south boundary permit line. The south high wall averages <br />