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tap~aG ~o 'run, L.,MM,t ,P29cuoX <br />STATE OF COLORADO <br />DIVISION Of MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1373 Sherman St, Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />October 10, 2003 "~ <br />Ms. Jdl W. Darrell <br />Secretary <br />Akron Ready Mix Concrete Co. <br />P.O. Box J <br />Akron, CO 80720 <br />COLORADO <br />DIVISION O r <br />MINE6RALS <br />GEOLOGY <br />0.E OlA MATION•M INING <br />SAFETY•SQENCE <br />Bill Owens <br />Governor <br />Greg E. Walther <br />Executive DirecYOr <br />Ronald W. Canany <br />Division Director <br />Natural Rewurce Trustee <br />Re: Langley Pit, Permit No. M-1991-121, Bank of Colorado (formerly the First Security Bank of <br />Akron) Certificate of Deposit No. , in the amount of $2,500.00 <br />Dear Ms. Darrell: <br />On October 9, 2003, the Division of Minerals and Geology (the "Division's received your letter pertaining to the <br />term limit of Bank of Colorado Certificate of Deposit No. , in the amoturt of $2,500.00, which is <br />held as a Collateral Bond for the Langley Pit, Permit No. M-1991-121. The Division does not set term limits on <br />Certificates of Deposit other thane the Certificate must automatically renew at each maturity until the Division or <br />Mined Land Reclamation Board (the `Board'") releases the Certificate back to Akron Ready Mix Concrete Co. <br />The Divisions primary concern is that the Certificate is set up according to the requirements of the Division and <br />the Board and that the Certificate is "Assigned" to the State of Colorado, Mined Land Reclamation Board at the <br />time it is purchased. Tf Akron Ready Mix Concrete Co. wishes to change the term limit on Bank of Colorado <br />Certificate of Deposit No. for a shorter term limit then what it is setup for at this time the Division <br />does not have a problem with this. <br />If you need anything else, please do not hesitate to call me at (303) 866-4074. <br />Sincerely, <br />7~~-~ C <br />Barbara D. Chiappone <br />Minerals Division Program Assistant II <br />Office of Office of Coloraoo <br />Mined land Reclamation Active and Inactive Mines Geological Survey <br />