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Q <br /> Banks and Gesso, LLC 720 Kipling St.,Suitel17 <br /> .■ Lakewood, Colorado 80215 <br /> (303) 274-4277 <br /> Fax (303)274-8329 <br /> 1 sc��l r� www.banksandgesso.com <br /> October 2, 2006 e 1 SI e <br /> RECEIVED <br /> Erica Crosby ITT (1 R ?nn!3j <br /> Colorado Division of Reclamation, Mining and Safetq--� <br /> 1313 Sherman Street, Room 215 Division of Reclamation, <br /> Mining and Safety <br /> Denver, Colorado 80203 <br /> --Ol <br /> RE:_Request.forPartial.Financial Warranty Release---M4978-37 -- - <br /> Via Certified Mail <br /> Owner of Record: <br /> Angus Investments, LLC <br /> Attn: Mr. Kirk J. Ebed <br /> 7276 West Mansfield Avenue <br /> Lakewood, Colorado 80235 <br /> (303) 988-6286 <br /> Lessee/Permittee: <br /> King Mountain Gravel, LLC <br /> Attn: Mr. Kirk J. Eberl <br /> 7276 West Mansfield Avenue NOV: NONE <br /> Lakewood, Colorado 80235 Annual Fee: 11/22/06 AC <br /> (303) 988-6286 <br /> Dear Ms. Crosby: <br /> As you may recall, approximately 1/3rd of the financial warranty that was set for this <br /> permit was based on the fact that there was a very large collection of old truck and <br /> miscellaneous equipment parts, steel barrels and other junk that had been accumulated <br /> over the years by the previous owner of the property. During the process of converting <br /> the old Section 110 permit to the new Section 112 permit the Division discovered that <br /> this junk was within the new permit boundary. According to our records the Division set <br /> the total financial warranty at$327,000.00. Of this amount, approximately $119,497.00 <br /> was related to "junk"and "miscellaneous equipment', demolition plus associated mark- <br /> ups for insurance, project management costs, etc. <br /> As of this date approximately 98% of the junk has been removed from the property and <br /> by the time the Division is able to conduct a field inspection, all junk will have been <br /> removed. <br /> Mr. Ebert, owner of the property under Angus Investments, LLC and the Pennittee under <br /> King Mountain Gravel, LLC has instructed Banks and Gesso, LLC to request a reduction <br /> 1 <br />