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• • 111 III1111111111III <br /> STATE OF COLORADO <br /> DIVISION MINERALS AND GEOLOGY <br /> Department of <br /> of Natural Resources <br /> 1311 Sherman sr., Roam 215 <br /> Denver,Colorado 80203 <br /> Phone:(30 3)866-3 567 <br /> FAX (301)832-8106 <br /> DEPARTMENT OF <br /> NATURAL <br /> May 14, 1996 RESOURCES <br /> Roy Romer <br /> <br /> <br /> <br /> <br /> <br /> <br /> -73-002 <br /> Morrison Quarry Jefferson County Permit M-73-021 <br /> Cherokee Ranch Pit Douglas Permit M-83-024 <br /> Sprat-Platte Ranch Adams County Permit M-86-146 <br /> South Dahlia Pit Adams County Permit M-89-066 <br /> Longmont Operation Weld County Permit M-94-027 <br /> Dahlia No Resources Adams County Permit M-94-093 <br /> Dear Mr. Refer: <br /> The Division of Minerals and Geology has reviewed the two reclamation bonding <br /> documents related to the above captioned sites and finds the following items <br /> need to be submitted to complete the necessary bond requirements for each of <br /> these bonds. <br /> 1 . A new recorded Deed of Trust reflecting the revised principal sum of <br /> $4,800,000.00. <br /> 2. A new Financial Warranty and Conditional Promissory Note For The Use <br /> With Deed of Trust in support of the Deed of Trust needs to be <br /> executed reflecting the adjusted appraisal amount less 15%; which is <br /> $4,082,000.00. One is enclosed for your use. <br /> 3 A Performance Warranty needs to be executed on our current warranty <br /> form for the Thornton Pit, Cherokee Ranch Pit, Sprat-Platte Ranch <br /> 1 Pit and South Dahlia Pit. Several are enclosed for your use. <br /> 4. A Title Insurance Polic in the amount of $4,800,000.00 for the <br /> deeded properties needs to be submitted to our Division. <br /> 5. The Financial Warranty/Corporate Surety Bond No. 23-000-531 in the <br /> amount of $408,200.00, for the 10% Administrative Reclamation Bond, <br /> only lists the Morrison Quarry as the "Operation: " (see first page <br /> of the Warranty) . This should be corrected to reflect all seven <br /> operations . <br /> Also, your company' s corporate seal needs to be affixed on the <br /> Corporate Surety as indicated on Page 5. <br />