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Twff <br /> United States Department of the Interior <br /> BL'REAL OF LAND NIANAGENIENT -- <br /> COLORADO STA-I E OFFICE <br /> 3H50 1OC.N'GFIELD STREET <br /> LAhEN'OOD. COLORADO 80215-7076 CO-921B(ALW) <br /> 3506 <br /> 3523 <br /> C-0118326 <br /> C-0118327 <br /> C-0119986 <br /> C-37474 <br /> Sodium <br /> MAR 1 7 1989 <br /> DECISION <br /> Robert N. Ortbal <br /> Surety Department <br /> Safeco Insurance Company of America "�1f� ti 1989 <br /> 1900 West Hassell Road <br /> Roffman Estates, Illinois 60196 <br /> Bond Release Request Denied <br /> Your letter of December 14, 1988, to Ms. Alexa Watson of my staff, requested <br /> this office to release Safeco Insurance Company of any further obligation <br /> under seven listed bonds. Your information is that Industrial Resources, <br /> Inc. , has petitioned to have the "permits" it holds transferred to NaTec, <br /> Ltd. , is not substantiated by our records. We do have pending a request <br /> from NaTec, Ltd. , for approval of assignment of sodium leases C-0118326, <br /> C-0118327, C-0119986, and C-37474 from Wolf Ridge Corporation. We have been <br /> unable to approve the assignments until NaTec, Ltd. , fully qualifies itself <br /> In accordance with thq regulations to hold federal sodium leases. <br /> Only four of the bonds listed appear to be under our administration, and <br /> none of the sodium lease bonds can be released until replaced with another <br /> acceptable bond. Wolf Ridge Corporation and Industrial Resources, Inc. , as <br /> co-principals, must maintain these bonds until the pending assignments are <br /> approved and the assignee has submitted acceptable replacement lease bonds. <br /> Pursuant to our regulations, we are unable to comply with your request, and <br /> it is hereby denied. <br /> zz <br /> Richard D. Tate <br /> Chief, Mining Law and Solid <br /> Minerals Adjudication Section <br /> cc: <br /> DM, Craig w/ltr. <br /> AM, Meeker w/ltr. <br /> «erorado Mined Land <br /> Reclamation Div. w/lt:r. <br />