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.~ <br /> <br />_ TEZAK HEAVY EQl11PMENT CO, Inc. <br />201 TurvrvEe Dane Cnrvorv Cin, Coioanoo 81212 7t 9269 1173 FA% 719 269 1148 <br />July 23, 1998 <br />~I~ ~I~~I~II~~~~~I~~ <br />sss <br />RECEIVED <br />dUl 2 1 19Atf <br />DIV. OF MINERALS <br />8 GEOLOGY <br />Mr. Tom Schreiner <br />Division of Minerals & Geology <br />1313 Sherman Street, Rm 215 <br />Denver, CO 80203 <br />Re: Reduction to Reclamation Bond at T.H.E. Aggregate Source Inc. <br />Dear Tom, <br />We have stockpiled the alluvial material you approved for <br />plant growth media. We stockpiled it in the area I pointed out to <br />you the last time you were at the site. I kept load counts for the <br />different sized trucks we used (see enclosed tabulation). we <br />hauled approximately 10~ more than you called for in your estimated <br />quantity. <br />Following is a summary of my calculations for the bond <br />reductions. Please review it and let me know if it is acceptable. <br />Current Bond Amount <br />Topsoil Stockpiled <br />Public Liability Insurance <br />Performance Bond .975$ <br />Mineral Program Admin. Fee <br />Contractor's Profit <br />$603,721.00 <br />(284,064.00) <br />1.55$ (4;403.00) <br />(2;769.00} <br />5$ (14;203.00) <br />(28.406.00) <br />Total Reduction $333,845.00 <br />New Bond Amount S~ 876.00 <br />~~~„~,~- <br />