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<br />J !ll ~ Ur ~ULUI~! ~V~ <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />Phone: (30 31 866-3 567 <br />FAX: (307183?-8106 <br />November 13, 1992 <br />Ms. Venessa Ellis <br />Affiliated National Bank-Montrose <br />P.0. Box 1769 <br />Montrose, Colorado 81401 <br />Re: Salt Creek Mining Company, McClave Mine, Permit No. C-80-004 <br />Dear Ms. Ellis: <br />pF f0~0 <br />. b <br />°I <br />:•a ~ ~. <br />,Y~yf <br />r8 Z6 <br />Rnv Romer <br />Governor <br />michael B. Long, <br />Dlv ision Director <br />Pursuant to John Walters letter to you dated iovember 9, 1992 and my telephone <br />conversation with you on November 12, 1492, please find enclosed Certificate <br />of Deposit No. 2094 in the amount of $68,OOO.UU to be re-issued to reflect the <br />change in depositor of this certificate. <br />The new certificate should be issued in the amount of 568,000.00 and made <br />payable to the "State of Colorado/i•lined Land Reclamation Board and U.S. <br />Government/OSMRE". It should be set up on a one-year, automatically renewable <br />term. All interest accrued against this certificate should be paid directly <br />to Grand Valley Coal Company, 254 South Jefferson Street, Kittaning, <br />Pennsylvania 16201, Tax ID No. 25-1690010. <br />We will also need a statement frog your bank in reference to the new <br />certificate issued stating "Affiliated National Bank-Montrose hereby waives <br />all rights of setoff or liens which is has or might have against Certificate <br />No. ." <br />If this transaction is subject to an early withdrawal penalty, please advise <br />what that amount would be and if it would decrease the principle amount of the <br />$68,000.00 required. <br />Sincerel , <br />Deborah L. Mulloy <br />Staff Assistant <br />DLM/dlm <br />Enclosure(s) <br />CERTIFIED h1AIL N0. P 860 17U 801 <br />Return Receipt Requested <br />cc: hlr. John Walters <br />Grand Valley Coal Company <br />Mr. Raymond Keith <br />Sam Creek i4i ni ng <br />s. Janet Binns, Dh1G <br />5375E <br />