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- - • iii iiiiiiiiiiiuiii ,~ <br />STATE OF COLORADO <br />DIVISION Of MINERALS AND GE010GY <br />Depanmenl of Nalmal Resources <br />1313 Sherman St.. Room 215 <br />Denver, Colorado 80203 <br />Phone: 1303) Bbb-3567 <br />FA%:130]1 832 8106 <br />April 27, 1995 <br />I~~~~ <br />IJEPARTMENT OF <br />NATURAL <br />RESOURCES <br />R°r Romer <br />Mr. R.D. von Engeln c;..vrrnor <br />Fountain Colony Investment Co. L~m~. s. lochhead <br />3025 Sunnybrook Lane Q~r unve Director <br />Colorado Springs, CO 80904 ^'"I'ae'" `°"~ <br />I L+num Drtector <br />Re: File No. M-87-171, Fountain Colony Pit, APPROVED WITH CONDITIONS, <br />Decision Letter - Conditions, Financial and Performance Warranty Request <br />Dear Mr. von Engeln: <br />On April 26, 1995, the Mined Land Reclamation Board approved with conditions <br />your 112 permit application. The conditions to the approval are noted below: <br />Stipulation No. O1 <br />THE OPERATOR WILL LIMIT THE INITIAL DISTURBANCE AT THE SITE TO ONE <br />ACRE. THE DISTURBANCE WILL CONSIST OF MINOR EXCAVATIONS (TEST PITS). <br />Stipulation No. 02 <br />THE OPERATOR WILL SUBMIT A FINANCIAL WARRANTY IN THE AMOUNT OF $5,630.00 <br />BY JUNE Z5, 1995. <br />Stipulation No. 03 <br />THE OPERATOR WILL NOTIFY THE DIVISION SIXTY DAYS PRIOR TO THE INITIATION <br />OF MINING ACTIVITIES AT THE SITE SO AN ADEQUATE FINANCIAL WARRANTY CAN <br />BE DETERMINED BY, SUBMITTED T0, AND APPROVED BY THE DIVISION PRIOR TO <br />THE OPERATOR DISTURBING MORE THAN ONE ACRE IN THE PERMIT AREA. <br />The amount of financial warranty set by the Board for this operation is <br />$5,630.00. You must submit a financial warranty in this amount and a <br />performance warranty in order for us to issue a permit. In the event you have <br />requested a financial warranty form, we have enclosed it in this letter. If <br />you have not, please select a type of financial warranty from Rule 7.4. Then <br />contact us so that we can provide you with the appropriate warranty form. We <br />have attached a performance warranty form with this letter for your use. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS BEEN <br />ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL WARRANTY ANO <br />PERFORMANCE WARRANTY. <br />