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M III IIIIIIIIIIIIIIII ~ <br />DEPARTMENT OF NATURAL RESOURCES <br />David H. Getches, Executive Director <br />MINED LAND RECLAMATION DIVISION <br />DAVID C. SHELTON, Director <br />Richartl D. Lamm <br />Governor <br />August 12, 1986 <br />Fidelity and Deposit Company of Maryland <br />63000 South Syracuse Way, Suite 470 <br />Englewood, Colorado 80111 <br />RE: Valco, Inc., Reclamation Bonds, See Attachment <br />Dear Sirs: <br />On July 28, 1986, the Mined Land Reclamation Division received Notice of <br />Cancellation of several reclamation bonds for Va1co, Inc.. In compliance with <br />the provisions of this surety bond, cancellation is effective only on an <br />anniversary date when written notification is received within at least 90 days <br />prior to such an anniversary date. <br />The Division of Mined Land Reclamation, thereby accepts Notice of <br />Cancellation, effective as indicated on the attached sheet, with the <br />understanding that the obligation of surety shall continue in force until <br />reclamation is complete and accepted by the Board for all areas disturbed <br />while the surety was in effect or until substitute surety is accepted, which <br />includes all those disturbances. Cancellation is in effect only for <br />disturbance subsequent to the effective date of termination. <br />If substitute surety shall be furnished which includes satisfactory coverage <br />of all reclamation obligations from the beginning of operations under the <br />permit, the existing Reclamation Bond/Financial Warranty may be released in <br />its entirety by action of the Mined Land Reclamation Board. <br />If there are any questions, please feel free to contact me. <br />S'ncerely, <br />Tana L. Knode <br />Administrative <br />DLK/b do <br />Doc. No. 0135E <br />,/ ~4Y_ <br />Officer <br />423 Centennial Building, 1313 Sherman Street Denver, Colorado 80203 Tel. (303) 866-3567 <br />