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IIIIIIT- OF CO ORADO <br /> DIVISION OF MINERALS AND GEOLOGY III IIIIII 99 <br /> Department of Natural Resources <br /> 1313 Sherman St., Room 215 D I V I S 1 0 N O F <br /> Denver,Colorado 80203 <br /> Phone:13031 866-3567 M I N E RA L S <br /> FAX.(303)832-8106 & <br /> GEOLOGY <br /> RECLAMATION <br /> MINING•SAFETY <br /> Bill Owens <br /> February 14, 2000 Governor <br /> Greg E Watcher <br /> Execw.ve Director <br /> Mr.James Willey Michael B.Long <br /> S&W Company Divivon Director <br /> 32 S. Fifth St. <br /> Montrose, CO 81401 <br /> RE: Olathe Pit,Succession Approval, Permit No. M-1981-108, Revision No. SO-2 <br /> Dear Mr. Willey: <br /> On February 10, 2000, the Division of Minerals and Geology approved the succession of operators from S & W <br /> Company to Western Gravel, Inc. for this operation. Western Gravel, Inc. is now the permitt ator of the <br /> Olathe Pit, and as such, is responsible for all provisions in Permit No. M-1984-108, as well as those specified in <br /> the Rules and Regulations. <br /> Enclosed are the following bond(s)and the Performance Warranty you originally provided. <br /> Bond Tvoe(s) Bond Number(s) Bon J Amount s <br /> IntraWest Bank of Montrose Irrevocable Letter of Credit 000117 $5,000.00 <br /> These have been released as of the February 10, 2000 Division approval for the succession f operators. You <br /> should advise the issuer of your bond(s)of this release by copy of this letter. <br /> If you have any questions,please contact me. <br /> Sincerely, <br /> �l Bob Oswa d <br /> Environmental Protection Specialist <br /> Enclosures <br /> CERTIFIED MAIL NO. P436 785 280 <br /> Return Receipt Requested <br /> I <br />