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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanment of Natural Resources <br />I3I 7 Sherman A .Room 215 <br />Denver, ColaraAa 80203 <br />Phone: 130]1 ebb~3567 <br />FAX:13071 a12~8I06 <br />May 14, 1997 <br />RESOURCE <br />Roy Romer <br />Charles G. Kinney envernor <br />5826 Presley Way Tames S. Lochhead <br />Oakland, CA 94618 ere`miveD+r"~or <br />M¢hael B. Lang <br />Dinsian Director <br />ORION PIT. FILE NO. M-94-I IS, 112 CONSTRUCTION MATERIALS RECLAMATION PERMIT <br />APPLICATION PACKAGE - fNCOMPLETE <br />INADEQUATE BOND <br />Dear Mr. Kinney: <br />On April 29, 1997, the Division of Minerals and Geology received your letter and Letter of Credit No. 97-OS <br />From Bank of the Southwest a[ Farmington in the amount of $20,000.00. Please be advised that the bond is <br />inadequate (or the following reasons: <br />I) The form of the bond does no[ meet our requirements. The language is not that required by our <br />policies and it was not accompanied by either [he appropriate executed Financial Wartanty Letter of <br />Credit form or a Performance Wartanty. <br />2) The above referenced application, received on October 27, 1994, still has not been found complete and <br />therefore has not been approved. We have no[ received a response to the incompleteness letter from <br />Barbara Chiappone, dated January 3, 1995, and addressed to Stephen H. Kinney, and enclosed for your <br />information. The rules of automatic approval do not apply to an incomplete application. <br />Please do not submit the Financial or Performance Wartanties until the application has been found complete, <br />the Public Notice re-published in a local newspaper, all adequacy issues have been resolved and the bond <br />calculated. The original Letter of Credit is being returned [o you for disposition. <br />Please call me iF you have any questions regarding [his matter. <br />Sincerely, <br />Lave ^. Lema <br />Program Asst <br />cc: Stephen H. Kinney, applicant <br />Michael B. Long, DMG <br />Bruce Humphries, DMG <br />Steve Brown, AGO <br />enclosures <br />CERTIFIED MAIL NO. Z 416 952 461 <br />Return Receipt Requested ~' Q ~ 1 3 5 <br />