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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303)666-3567 <br />FAX: (303) 932-8106 <br />September 13, 2002 <br />DIVISION OF <br />MINERALS <br />GEOLOGY <br />REC LA MAT!O"! <br />MI NING•SAFETY <br />Mr. Howard C. Wigert <br />~Ce Pfesld8dt Bill Owens <br />Governor <br />The Home State Bank Greg E Walther <br />935 No. Cleveland Ave. &ec~9ve Director <br />CO 80537 <br />Lovel:md Ronald W. Cattany <br />, Acing Division Director <br />Re: Standby Letter of Credit No. 428, Succession of Operators Appficatioa, Russell Gravel Pit, Permit <br />No. M-1994-096 <br />Deaz Mr. VVigert: <br />The Division of Minerals and Geology is returning to you Staadby Letter of Credit No. 428, which was issued on <br />behalf of Robert C. and Helen L. Pittington, for the RusseIl Gravel Pit, Permit No. M-1994-096. The Division <br />cannot accept Standby Letter of Credit No. 428 for the following reasons: <br />1. The Home State Bank must submit Standby Letter of Credit No. 428, ~ Bank letterhead, using <br />the exact apprwe_d_ hmgnaga found in the Ii.OC form that is on Division stationary enclosed. <br />Please see the notes section on the bottom of page 2 of the sample ILOC form. The Division <br />cannot accept any other language or cdlanges to the approved language contained in the ILOC <br />form. <br />2. The Bank also needs to provide a balance shcet certified by a Certified Public Accountant or <br />your most recent Call Report. You may subalit a copy of your most recent Federal Financial <br />hlstitutions Examination Council "Consolidated Reports of Condition...". Please see the notes <br />section on the bottom of page 2 of the II.OC form. <br />You will need to talk to Ms. Pittington pertaining to the "Operator Name" that she plans to use for the permit <br />transfer. The Operator Name, Operation Name, and the Permit Number oa ALL documents must be consisted <br />and accurate. All of the documents that Ms. Pittington submitted to the Division have been returned to her. <br />Please seethe enclosed letter. <br />If you have any questions, please do not hesitate to coated me at (303) 866-4074. <br />Sincer_el/yn - <br />~1 ~~'I~BQ/~c.-~ <br /> <br />Barbara D. Chiappone <br />Minerals Division Program Assistant II <br />Enclosures <br />CERTIFIED MAIL NO.7099 3400 0015 1443 6880 <br />Repun Receipt Requested <br />Cc: Helen L. Pittington, High Plains Sand and Gravel, LLC <br />