Laserfiche WebLink
<br /> STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanmenl of Natural Rewurces <br />1317 Sherman 51., Room 215 d <br /> <br />Denver, Colorado 80207 Il <br />~~ <br /> <br />Phone (3031 866-3567 I <br />FA%:(30716329106 <br /> DEPARTMENT OF <br /> NATURAL <br />January 2s, 199s <br /> RESOURCES <br />Mr. R. D. Von Engeln Roy ROmer <br />Fountain Colony Investment Co. covemor <br />302s Sunn brook Lane <br />y lames 5. Lochhead <br />Eaecvrise Dvect« <br />Colorado Springs, CO 809(]4 Michael6 Long <br /> Division Director <br />RE: Financial Warranty Band Requirement, Fountain Colony Pil, File No. M-87-171 <br />Dear Mr. Von Engeln: <br />I have evaluated a financial warranty requirement for two (2) different scenazios at the referenced pit. <br />The first one involves an estimate of the costs to reclaim the site based on the proposed reclamation plan <br />of your original permit application. As noted in the enclosed reclamation cost summary form, the <br />estimated cost [o reclaim the phased disturbed area is $82,161.00. <br />A second bond evaluation was completed based on your proposal to limit the disturbance at the site to <br />"minor excavations" until you can negotiate some kind of deal with someone that will ultimately do the <br />actual mining. You ask that a contingency bond amount be set so the permit can be issued. You propose <br />to disturb a maximum of one (1) acre. The disturbance will consist of test pits. <br />Based on the information you provided I made two (2) assumptions: 1) Half of the one acre disturbance <br />will consist of the excavated pits (to a depth of is feet), and 2) The other half of the one acre disturbance <br />will contain the excavated material. In the worst case, all of the excavated material (12,100 cu. yds.) <br />will have to be placed back in the test pits and the entire one acre disturbance reseeded. The estimated <br />cost is $s.630.00. <br />Both bond estimates will be presented to the Mined Land Reclamation Board at its regular meeting. <br />If you have any questions give me a call. <br />Sincerely, <br />1 <br />~~~ ~ti~~ <br />C' James Dillie <br />cc: Mark Heffner <br />37 E. Colorado Ave. <br />Denver, CO 80210 <br />Enclosures <br />JD/j[m <br />