GENERAL54448

• Permit No: M1980080
• IBM Index Class Name: General Documents
• Doc Date: 4/15/1987
• Doc Name: CBW BUILDERS INC UNA PIT FN M-80-080
• From: MLRD
• To: INTRAWEST BANK OF GRAND JUNCTION
• Media Type: D
• Archive: No

• III IIIIIIIIIIIIIIII
999
STATE OF COLORADO
Roy Romer, Govei
DEPARTMENT OF NATURAL RESOURCES
MINED LAND RECLAMATION DIVISION
DAVID C. SHELTON, Director
April 15, 1987
Mr. Jay D. Dombach
IntraWest Bank of Grand Junction
P. 0. Box 908
Grand Junction, Colorado 81502
Re: CBW Builders, Inc. - "Una Pit" - File No. M-80-080
Dear Mr. Dombach:
I have researched File No. M-80-080 in order to respond to your letter to
Ed Bischoff, dated April 7, 1987. I will attempt to interpret your intent and
respond accordingly below.
At the present time, CBW Builders, Inc. is the permitted operator for the "Una
Pit". As such, they are responsible for adherence to the mining and
reclamation plans outlined in permit No. M-80-080. Their status as operator
is not changed by a change in ownership of the permit area. It can be changed
only be our Board's approval of a succession of operators and transfer of
permit from CBW Builders to another person or business entity. This new
operator could be your bank or an operator of your choosing (if your
acquisition of 80% ownership of the site allows you to control the selection
of a new operator).
Several forms must be completed and submitted to us in order for the Mined
Land Reclamation Board to approve a transfer of this permit. I have enclosed
all of these forms and will describe each below.
First is a "Request for Transfer of Mineral Permit and Succession of
Operators" form. A representative of CBW Builders must sign this form to
relinquish the permit, and a representative of the proposed new operator must
sign it to acquire the permit (both signatures being notarized). Second, is a
Performance Warranty form. This is a pledge to do the reclamation, and it
must be signed by the new operator. Third, is a copy of our 112 permit
application. The new operator is to complete the administrative information
on page two and ignore the rest of the form. Finally, a financial warranty in
the amount of $188,168.00 must be completed and submitted. Forms for three
options are enclosed: 1) Corporate Surety Bond, 2) Letter of Credit
(financial warranty and actual irrevocable letter of credit for use by bank
enclosed) and Certificate of Deposit (principal amount to go to Colorado Mined
Land Reclamation Division and interest to go back to proposed new owner).
Receipt by our Division of a properly completed package of a permit transfer
form, a performance warranty, administrative information and a financial
warranty will allow us to schedule consideration of a request for transfer of
this permit on the agenda of the next regularly scheduled Board meeting.
~r~~
423 Centennial Building, 1313 Sherman Street Denver, Colorado 80203-2273 Tel. [phone]