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0 0 <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanmenl of Natural Resources <br />1717 Sherman 51., Room 215 <br />Denver, CO 80203 <br />Phone: (3071 866-3567 <br />FAX:1303)832-8106 <br />February 1994 <br />Mr. Albert Frei, Jr. <br />Albert Frei 6 Sons, Inc. <br />11521 Brighton Rd. <br />Henderson, CO 80640 <br />of ooto <br />„s~ <br />lIr(!(lrrr~~~Bdd~~~000000]~~//l/l//l/l01 . <br />Roy Romer <br />Governor <br />Michael B. LOng <br />Division DrteOOr <br />RE: Financial Warranty securing Permits M-77-011, M-77-153, M-77-526, M-78- <br />255, M-78-279, M-79-165, M-81-096, M-81-231, M-83-033, and M-86-079 <br />Continuance and Board Hearing Notice: <br />Dear Mr. Frei: <br />On February 22, 1994, the Colorado Mined Land Reclamation Board approved your <br />request to continue consideration of the possible violation of C.R.S. 34-32- <br />117(6)(a) for failure to maintain the Financial Warranty, until the March Board <br />Meeting. Thie meeting will be held on March 23 and 24, 1994 in Room 318, 1313 <br />Sherman Street, Denver, Colorado. <br />This letter also serves to advise you of our finding that your reclamatron~bonds, <br />for the above listed permits, are calculated in the amount of $A9~10'0 total. <br />The appraised value of the property you have deeded to the State of Colorado is <br />$396,000; and 85t of that value, the maximum this Office can accept as security, <br />is $336,600. The balance of $bb; MU equals the amount of additional unsecured <br />reclamation liability you will be~responsible for providing. <br />'I~ 3$y 3[~0 <br />Please contact Deborah Mulloy regarding alternative financial warranties you may <br />wish to use to secure the balance of your reclamation liability. <br />If you have any questions regarding this letter, please contact me. <br /> <br />Sincerely, <br />-- \ ~ J -- <br />i <br />Lave Phillips Lemay <br />Sy ms Analyst <br />-- -... <br />cc: H. Bruce Humphries, DMG <br />Carl B. Mount, DMG <br />Deborah Mulloy, DMG <br />Steve O'Brien, Environment, Inc. <br />\lp~ <br />CERTIFIED MAIL NO. P 296 525 966 <br />Return Receipt Requested <br />