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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 C ~ I. ~ RA D ~ <br />Denver, Colorado 80203 DIVISION O F <br />Phone: (303) 866-3567 1Vt 1 N S RRA I.5 <br />FAX: (303) 832-8106 G E 0 1. O G Y <br /> RECLAMATION•MINING <br /> SAFETY•SCIENCE <br />August 1, 2003 Bill Owens <br />Governor <br />Mr. I.aTiy Pieper Greg E. Walther <br />Executive Director <br />Valco, Inc. <br />P.O. Box 550 Ronald W. Cattany <br />Division Director <br />ROCky Ford, CO. 81067 Natural Resource trustee <br />Re: Rocky Ford East Pit, Permit No. M-1977-560, Financial Warranty Increase, Revision No. SI- <br />02 <br />Dear Mr. Pieper: <br />On August 1, 2003, the Division of Minerals and Geology increased the current Financial <br />Warranty for this permit to $133,361.00, in accordance with Rule 4.2.1 of the Rules and <br />Regulations. This is an increase of $53,209. <br />The Division ordered amendment of the current Financial Warranty, or submittal of a new <br />Financial Warranty reflecting the increase, must be submitted to the Division within 60 days <br />from the date of this letter. If you wish to submit a different type of Financial Warranty, please <br />contact me so I may send you the applicable form. <br />A copy of the Cost Estimating Summary form and individual tasks is enclosed. <br />If you have any questions, please contact me. <br />Sincerely, <br />e <br />James Dillie <br />Environmental Protection Specialist <br />cc: Harry Posey (e-mail) <br />Suzi Ericksen (e-mail) <br />Enclosure <br />Office of Office of Colorado <br />Mined Land RCClamatlOn Active and Inactive Mines Geo\oglcal Sorvey <br />