1998-04-07_REVISION - M1977248 - Laserfiche WebLink

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J ,~ , • permit holder; and c) The DOE financial warranty is valid and covers all reclamation activities required to be completed by the approved DMG reclamation permit. The amount of financial warranty posted with the DMG shall be the difference between the amount required to be posted by the DOE, and the amount required by the DI`9G. In no event shall the amount of financial warranty posted with the D'`~G be less than $100.00. In addition, the state reclamation permit application shall contain a provision that in the event the DOE reduces the financial warranty, the permittee must post an acceptable replacement warranty with the Dh7G prior to any release by the DOE. The replacement ~;-arranty shall be sufficient to cover the cost of reclamation liability unless the state conducts an inspection and concurs with the DOE finding. 2) Execute a Succession of Operator and Transfer of Permit ("SO"). The successor applicant will need to complete an SO application (5100.00 application fee) and submit to the DMG a properly executed financial tarranty in the amount of 521,565.00. The SO application must be approved and the financial warranty reviewed and accepted by the Dh4G prior to the scheduled hearing date. In the event the successor applicant wishes to pursue having the DD4G accept a DOE bond in lieu of a DMG bond, the successor applicant will need to provide to the DMG, prior to the hearing, the written verifications from the DOE as described above, plus a minimum 5100.00 financial warranty to the DMG. If you have any questions or need additiona{ information, please contact me at the DMG's Durango Field Office at 970-247-5523. If you have questions regarding the specific requirements for the various types of bond instruments acceptable to the DMG, please contact Barb Chiappone at the DMG's Dem•er Office at 303-566-3567. Sincerely, ~ '/ ~r ~/! ~ 1~; Totn Gillis Senior Environmental Protection Specialist cc: Perry Flanigan, Ryan Ltd., 1409 Birch, Montrose, COS 1401 Joe Baldwin, Ryan Ltd., 1641 - 6500 Road, Montrose, COS 1401 Angela Ekker, Branney, Hillyard & Barnhart, LLP, 7857 E. Belleview Ave., Suite 1200, Englewood, CO SO11 ] Don Gorman, Gold Eagle Mining, Inc., P.O. Box 3007, Montrose, COS 1402 Dan Burns, U.S. Dept. Of Energy, 2597 B 3/4 Road, Grand Junction, CO 51503 Dave Diss, Cotter Corporation, P.O. Box 700, Nucla, COS 1424 ltdg nu42fivl.tdg