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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) 866-3567 <br />FAX: (303) 832-8106 <br />February 8, 2005 `~ <br />COLORADO <br />DIVISION O F <br />MIN&RALS <br />GEOLOGY <br />0.ECLAMATIOMMININO <br />SA FETPSC IENCE <br />Glen Williams Bill Owens <br />Cotter Corporation / Governor <br />P.O. BMX 700 Russell George <br />Executive Director <br />Nucla, Colorado 81424-0700 <br />r~ - / Ronald W. Cottony <br />!'// L~ / Division Director <br />Re: JD-7 Pit, Permit No. M-1979-094-HR, Reminder Notice of Increase. S,~ _ n( Natural Resource Trustee <br />Dear Mr. Williams: <br />On December 20th, 2004, the Division of Minerals and Geology staff notified Cotter Corporation <br />that the above referenced site had an increase in the amount of Financial Warranty required to <br />meet liabilities. Please find enclosed the cover letter of that Notice of Increase for the JD-7 Pit. <br />To date, the Division has not received a bond increase or documentation from DOE. <br />The Division's current estimate to complete reclamation at the site is now estimated at <br />$1,245,000.00. This is a $39,000.00 increase over the total bond amount held by the Division <br />and the Department of Energy. Clearly, the site is now currently under-bonded. Therefore, <br />pursuant to Section 34-32.5-117(4) of the Colorado Land Reclamation Act, adequate financial <br />warranty must be submitted to DMG within 60 days of the mailing date of this report. The 60th <br />day will be February 18th, 2005. <br />Cotter has the choice of providing the Division with documentation that the bond held by the <br />D.O.E. has been increased by $39,000.00 or it may submit a bond in that amount to the <br />Division. This documentation must be received in the Denver Office by the 18t" of February or <br />staff may issue a Notice of Violation and schedule the matter before the Mined Land <br />Reclamation Board. <br />If you need additional information, please contact me at the Division of Minerals and Geology, <br />Grand Junction Field Office, 101 S. 3rd St., Suite 301, Grand Junction, Colorado 81501, <br />telephone no. 970.241.1117. <br />Sincerely, <br />G. Russell Mean~~~~ <br />Environmental Protection Specialist <br />Cc: Carl Mount, Senior Environmental Protection Specialist (e-mail) <br />Office of Office of Colorado <br />