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<br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanmem of Nawral Resources <br />~ }1 }Sherman Si., Room 215 ~`r1~~ <br />Denver, Colorado 80203 II <br />Phone: (301) 866-1567 <br />Fn%: (1031 83 2-81 06 <br />DEPARTMENT OF <br />NATURAL <br />RESOURCES <br />Ray Romer <br />DATE: March 24, 1995 eOVefO°r <br />lames 5. lochhead <br />EzMUrrve DireClar <br />TO: DeboIah MulloL v 1 Michael e. Long <br />/v/V/~ Division Dnector <br />FROM: Larry Oehler ~. `~ <br />RE: Hohtam, Inc., Portland Limestone Pit, Permit No. M-77-344, <br />Board Amount Discrepancy <br />In response to your memo of March 10, 1995, the Board approved the permit <br />September 29, 1978 and the bond was set at $208,500.00. The bond was increased <br />October 28, 1980 to $248,300.00. The bond was increased again on March 25, 1987 to <br />$268,550.00. <br />On April 22, 1987, Carl Mount on a No Problem Form recommended to the Board approval <br />of a technical revision with no change in the Financial Warranty and showed the amount to <br />be $271,300.00. There is nothing in the record between March 25, 1987 and April 22, 1987 <br />that supports an increase of the bond by $2,750.00 to $271,300.00. I can only conclude that <br />Carl should have shown $268,550.00 as the unchanged Financial Warranty amount. <br />It appears that $268,550.00 is the correct Financial Warranty amount, to date. <br />cc: Jim Stevens, DMG <br />M:\OSS\amm\d4nmemo.ldo <br />