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III IIIIIIIIIIIII III • i <br /> STATE OF COLORADO <br /> DIVISION OF MINERALS AND GEOLOGY <br /> Departmen(o!Natural Resources <br /> 1313 Sherman St.,Room 215 <br /> Denver,Colorado 80203 <br /> Phone:(303)866-6-3567 <br /> FAX:(303)832-8106 <br /> DEPARTMENT OF <br /> NATURAL <br /> July .26, 1995 RESOURCES <br /> Roy Romer <br /> Mr. Jim Braley Jr. Governor <br /> Braley Sand & Gravel, Inc. James S.Fochhead <br /> 8505 Mountain View Rd. F.ecuii,e Direcror <br /> Littleton, CO 80125 Michael B.Long <br /> owisron Di,wtor <br /> RE: Increase in Financial Warranty for Mineral Permit IM-80-020, <br /> Braley Sand & Gravel Pit 11 <br /> Dear Mr. Braley, <br /> This letter is to inform you that after a recent inspection of the <br /> Braley Sand & Gravel Pi (permit {M-80-020) on July 18 and 19, <br /> the Division of Minerals and Geology (DMG) has recalculated your <br /> financial warranty for the site at $71,734 (see attached Cost <br /> Summary and inspection report) . At this time, your posted <br /> reclamation bond is $47,500 (Pioneer General Insurance Co. , Bond <br /> 113382, posted on April 22, 1993) thus making a difference of <br /> $24,234. This amount must be posted with DMG within sixty (60) <br /> days in order for your permit to be in compliance with the Colorado <br /> Mineral Rules and Regulations (Rule 4.2.1) which states "if at the <br /> event the office determines that Financial Warranty is insufficient <br /> to perform reclamation, the Operator shall have up to sixty (60) <br /> days to post additional Financial Warranty from the date of written <br /> notice from the Office of such insufficiency". <br /> Please submit either a new financial warranty for the increased <br /> amount of the reclamation bond, or make arrangements to increase <br /> your current financial warranty to the required amount by September <br /> 30, 1995. As an option, you may perform additional reclamation on <br /> or before September 30 to reduce your reclamation liability so that <br /> it is below the amount of your current bond. <br /> If you have any further questions, please contact me at 866-3567, <br /> extension 353 , or Barbara Chiappone at extension 325. <br /> Sincerely, <br /> Christina L. Kamnikar <br /> Environmental Protection Specialist <br /> Sh <br /> Certified Mail -PRe urnEReceipt requested <br /> cc: Carl B. Mount, DMG <br /> 2 Encl. <br />