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999 <br /> Minnequa <br /> BankE�EIii <br /> Po Box 518 ECI <br /> 401 W Northern <br /> Pueblo. Colorado 81004 APR 0 6 1995 <br /> 7191545-2345 <br /> FAX 719,542-6317 <br /> Ronald E.Oreskovich Jivis 017 Ot mma rats a Ue01p9Y <br /> Vice President <br /> April 5, 1995 <br /> Lavern P. Lemay <br /> Program Assistant <br /> State of Colorado <br /> Division of Minerals and Geology <br /> 1313 Sherman St . , Room 215 <br /> Denver, CO 80203-2273 <br /> RE : Cortner Pit No. 2 <br /> Permit No. M-86-159 <br /> Dear Ms . Lemay: <br /> In response to Mr. James Dillie' s letter of Marchl 30, 1995 <br /> and the Division having completed its recalculate n of the <br /> financial warranty requirement for the above- aptioned <br /> permit, we have completed the following enclosed forms : <br /> 1 . Performance Warranty <br /> 2. Financial Warranty Letter of Credit <br /> Also, we are enclosing the $37, 600 Letter of Crelit No . 4 <br /> 95 39 . It is my understanding that Letter of Cr dit 4 95 <br /> 39 will replace No. 3 92 25 in the amount of $33 900, per <br /> the recalculation. <br /> we would appreciate your returning the $33 , 900 setter of <br /> Credit No. 3 92 25 to our Bank for cancellation. <br /> Thank you. If you have any questions, please feel free to <br /> contact us . <br /> Yours truly, <br /> Ronald E . Oreskovich <br /> Vice President <br /> ljc <br /> Enclosures <br />