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e$C', c m, a~,~,~-"me <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman SL, Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 8663567 <br />FAX: (303) 832A106 <br />November 22, 2005 <br />Mr. Al Lunbery <br />Star Ready Mix <br />3800 O Street <br />Greeley, CO 80631 <br />RE: Herman Feit Pit; Permit No. M-197 522 f/ <br />Staz Ready Mix; Financial Wav ty Increase (SI-Ol) <br />Deaz Mr. Lunbery, <br />COLORADO <br />DIVISION O F <br />MIN~RALS <br />GEOLOGY <br />ENCE <br />affil Ovrem <br />GOVIfIgI <br />Russell Geon3e <br />Executive Director <br />Roruld W. cactany <br />Division Director <br />NaNnl Resource Trustee <br />On September 29, 2004 and November 8, 2005, the Division of Minerals and Geology conducted <br />inspections of the Herman Feit Pit, Permit No. M-1977-522. The Division is required to hold a <br />financial wazranty to ensure the reclamation plan can be achieved. <br />According to Rule 4.2.1(1) and (2), the Division may review a financial warranty at any time to <br />determine if the amount is sufficient to perform reclamation. The Division recalculated the bond <br />based on reclamation performed this summer. The result of the recalculation indicates that the site is <br />currently underbonded. This letter is to inform you that your financial warranty will need to be <br />revised from its current amount of $14,000.00 to $103,800.00. Please post an additional bond in the <br />amount of $89,800.00 within 60 days of receipt of this letter. A copy of calculations used to <br />determine this cost is attached for your review. <br />Ifyou have any questions about this process or how the bond was calculated, please contact me at -- <br />(303)866-4943. <br />Sin rel , <br />J , (,~ <br />Erica .Crosby <br />Environmental Protection alist <br />cc: Cazl Mount; DMG <br />Kate Pickford; DMG <br />Suzi Ericksen; DMG <br />Enclosure(s); DMG Reclamation Cost Estimate <br />Certified Mail # 7000 1680 0000 6431 4412 <br />Office of Office of Colorado <br />Mined Land Reclamation Active and Inactive Mines Geological Survey <br />