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Timothy M. Scanlon <br />TMS Consulring <br />46125 County Road T. <br />P.O. Box 53 <br />Saguache, Colorado 81149 <br />(719) 655-2709 <br />E mail: Scanlon@amigo.net <br />January 3Q, 2004 <br />Ivir. G. Russell Means <br />Division of Minerals and Geology <br />Grand Junction Field OfSce <br />101 South 3'd Street, Suite 301 <br />Grand Junction, Colorado 81501 <br />RE: Formal Release Request for Construction Materials (110) Operation Reclamation Permit <br /># M-2002-057 to New (112) Permit # M-2003-092, Gray Pit # 1 Montrose County, Colorado. <br />Russ: <br />Please receive this letter as a formal request for the release of the abovementioned Gray Pit # I and the <br />operator/owner ~Ir. Nick Gra}' from the original 110 Permit # iYI-2002-057. Operations at the site will be <br />continued under the new 112c Permit # bt-2003-092. It is understood that upon the receipt of this release <br />request and the required Financial Warranty of $28,125.00 by The Division, the new permit (1 ] 2c) will be <br />issued and the old permit (110) will be released. There will be no disturbance within the extended areas of <br />the site until the new 112c permit has been issued. <br />The current Financial Wazranty for the site, as I understand, is a CD. Nick Gray and Hard Rock Redi-Mix, <br />Inc are working with the `Bank" to convert the current CD to the required amount rather than issue a new <br />CD. The Bank wishes ro convert and increase the current CD to [lie new amount to save time (evidently a <br />new CD would take a lot more time and some interest % would be forfeited) and interest monies. .llr. <br />Gray and Hard Rock Redi-Mix will send you the required documents ~S~1P as soon as the Bank can <br />complete the necessary paperwork. <br />Please contact me if you have any questions at (719) 655-2709. Thank you. <br />y <br />Bards, ~~~rG~%r~ri \ <br />Timothy ti . canton <br />Geologist <br />