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.; <br />STATE OF <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural ReSOUrceS <br />1313 Sherman St., Room 21 S <br />Denver, ColoraAo 80?03 <br />Phone: (3031 866-3567 <br />FA%:13071 832-8106 <br />September 2, 1999 <br />Mr. Jetty Novak <br />Pulpit Rock Investments, LLC <br />888 Garden of the Gods Road <br />Colorado Springs, CO 80907 <br />RE: File No. M-99-071, "B" Street Project -North Pit, 110c Decision Letter -Financial and <br />Performance Warranty Request -Construction Material Operation <br />Dear Mr. Novak: <br />DIVISION O F <br />MINERALS <br />GEOLOGY <br />RECLAMATfON <br />MINING•$AFETY <br />Bill Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />Michael B. Long <br />Didsion Duecwr <br />On August 26, 1999, [he Division of Minerals and Geology approved your I lOc mining permit application. <br />The amount of financial warranty set by the Division for this operation is $12,000.00. You must submit a <br />financial warranty in this amount and a performance warranty in order for us to issue a permit. In the event <br />you have requested a financial warranty form, we have enclosed it in this letter. If you have not, please select <br />a type of financial warranty from Rule 4.3. Then contact us so that we can provide you with the appropriate <br />warranty form. We have enclosed a performance warranty form with this letter for your use. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS <br />BEEN ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL WARRANTY AND <br />PERFORMANCE WARRANTY. A PERMIT WILL NOT BE ISSUED UNTIL WE VERIFY THE <br />ADEQUACY.OF BOTH YOUR FINANCIAL WARRANTY AND PERFORMANCE WARRANTY. <br />If you have any questions, please contact me. <br />Sincerely, <br />Larry D. Oehler <br />Environmental Protection Specialist <br />Enclosure <br />cc: Lloyd V. Barnhart. Barnhart Agency, [nc. <br />iii iuiiiiiiiiuiii <br />999 <br />COLORADO <br />M.bssrpmmVertgV.1AP19071 LDO <br />