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• iiiiiiiiiiiiiiiiii <br />STATE OF COLORADO -e <br />DIVISION OF MINERALS AND GEOLOGY <br />Departmern of Natural Resources <br />1313 Sherman St.. Room 215 <br />Denver, CO 80203 <br />Phone (3031866-3567 <br />FAX: (303) 832-8106 <br />February ~' 1994 <br />Mr. Albert Frei, Jr. <br />Albert Frei 4 Sons, Inc. <br />11521 Brighton Rd. <br />Henderson, CO 80640 <br />OF' ~n(O <br />ti~ R <br />~e ~~ <br />~ /8 ]6 ~ <br />Roy Romer <br />Governor <br />Michael B. Long <br />Division Director <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. This meeting will be held on March 23 and 24, 1994 in Room 318, 1313 <br />Sherman Street, Denver, Colorado. <br />~37y,9 0~ <br />This letter also serves to advise you of our finding that your reclamatiorlrbonds, <br />for the above listed permits, are calculated in the amount of $4DZ-760' total. <br />The appraised value of the property you have deeded to the State of Colorado is <br />$396,000; and 85~ of that value, the maximum this Office can accept as security, <br />is $336,600. The balance of ~y6-Y0ff equals the amount of additional unsecured <br />reclamation liability you wi17~Cbe resEonsible for providing. <br />~3~,3UU <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 />Sincerely, <br />- ~' J <br />Lave Phillips Lemay <br />Sy ms Analyst ~~~ <br />cc: H. Bruce Humphries, DMG <br />Carl B. Mount, DMG <br />Deborah Mulloy, DMG <br />Steve O'Brien, Environment, IRC. <br />~-~i~JtA-r/~ <br />\lpl <br />CERTIFIED MAIL N0. P 296 525 966 <br />Return Receipt Requested <br />