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DUFFORD & BROWN, P.0 III IIIIII1IIIIII III �ECEI��EC <br /> ATTORNEYS AT LAW SEP 21 1995 <br /> 1700 BROADWAY SUITE 1700 PHILIP G. DUFFORD S KIRK ING€@�R€I�� g&i,]eVIIZLO,UGLAS J KOTAREK <br /> DENVER, COLORADO 80290-1701 THOMAS G BROWN Q�HSiOa e WUE'BS`�GGER TKI OMAS M. STERN <br /> DAVID W. FURGASON EDWARD D WHITE LAURA J GIBSON <br /> TELEPHONE 13031 861.8013 WILLIAM C. ROBB PEGGY J.ANDERSON MICHAEL GOODMAN <br /> BEV ERLY J.OUAIL CRAIG B. SHAFFER <br /> FACSIMILE 13031 632-3804 RICHARD L. FANYO SCOTT J. MIKULECKY Or COUNSEL <br /> CLAUDE— PHILLIP D BARBER MARC A CHORNEY MORRIS M MAER.B HECOX.JR. <br /> 102 SOUTH TEJON STREET SUITE 1100 GREGORY A. RUEGSEGGER DEBORAH L. FREEMAN ORRIS <br /> JACK F. ROSS TERRY JO EPSTEIN DAMES E CARPENTER <br /> COLORADO SPRINGS. CO 80903 EUGENE F MEGYESY.JR. THOMAS E,J HAZARD DALE TOOLEY <br /> TELEPHONE 1719) 576-3368 RANDALLJ FEUERSTEIN ROMAN C. PIBL (1933-1985) <br /> IBY APPOINTMENT ONLYI <br /> September 21, 1995 <br /> VIA HAND DELIVERY <br /> Ms. Deborah Mulloy <br /> Division of Minerals and Geology <br /> 1313 Sherman Street, Room 215 <br /> Denver, CO 80203 <br /> Re: Colina Oro Molino- Inc., Gold Hill Mill: <br /> Permit No. M-94-117 <br /> Dear Ms. Mulloy: <br /> The Division holds tw eposit as financial warranties for the Gold <br /> Hill Mill Permit. One was issued by the Norwest Bank of Boulder in the amount of <br /> $38,277.00. The other was issued by the West One Bank of Washington on July 25, <br /> 1995, in the amount of$45,263.00 (No. 6004637747/2126039). A third CD in the <br /> amount of$90,000 issued by the Key Bank of Washington was submitted in late July, but <br /> the Division returned it after the Boulder County Land Use Department decided that <br /> demolition of the mill building would not be required when operations are completed. <br /> As a result of that decision by the Land Use Department, the Division reduced the <br /> required financial warranty to $46,215.00, which include secured by the <br /> Norwest Bank CD and $7,938.00 for removing any tailings from the mill building and the <br /> Hazel A adit during reclamation. COM, Inc. wishes to substitute a cashier's check for the <br /> $45,263 CD to bring the amount provided in line with the amount required. <br /> Enclosed please find Cashier's Check No. 03706206 issued by the Key Bank of <br /> Washington in the amount of$7,938.00 and dated September 16, 1995. Also enclosed <br /> please find a fully executed Financial Warranty form for this check. Upon acceptance of <br /> these documents, I request that you release the $45,263.00 CD and the associated <br /> 30055.1.912ON5 <br />