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The <br /> Fidelity and Deposit Company of Maryland <br /> D700 Broadway.Suite 971g Den , Colorado 80203 <br /> 0 303.831-W2 <br /> Companies Telex:45-4350 <br /> May 29 ,"M4 <br /> Mr . Mark S . Loye <br /> Senior Reclamation Specialist M(NfO(gN� 1 J98 <br /> Colorado Department of Natural 'a(o. De <br /> Resources Pt ofN MAT(eN <br /> Mined Land Reclamation Division a(prafRPSo���es(�P/ <br /> 423 Centennial Building <br /> 1313 Sherman Street <br /> Denver , CO 80203 <br /> Re : Bond No . 60 24 530-Pueblo Paving , <br /> Inc . -State of Colorado (Mined Land <br /> Reclamation Division) -Reclamation <br /> Bond-$2 , 500 <br /> Dear Mr . Loye : <br /> I am responding to your letter of May 2 , 1984 to Fidelity & Deposit <br /> Company addressed to me in connection with the captioned bond . I would <br /> request that any further correspondence be sent to me at the address <br /> shown on the above letterhead . <br /> Fidelity & Deposit Company does not agree with the position of the <br /> Colorado Department of Natural Resources , Mined Land Reclamation Division , <br /> as belatedly expressed in your said letter . To the contrary , Fidelity <br /> believes that its Notice of Cancelation dated October 11, 1983 <br /> was valid , and that the Division is now estopped to deny the validity <br /> of such cancelation . This is particularly true where , as here , Fidelity <br /> relied to its detriment and prejudice on the representations of the <br /> Division that the cancelation was valid . Fidelity also believes that <br /> by accepting the said Notice and acquiescing thereon for a period of <br /> six months , the Division cannot now reverse its position unilaterally. <br /> Fidelity therefore does not withdraw its said Notice of Cancelation <br /> dated October 11, 1983 . If , in fact, the said cancelation is not effec- <br /> tive until what would have been the next anniversary date of the bond <br /> occuring 90 days after receipt of the said Notice by the Division , which <br /> Fidelity specifically denies , the cancelation is effective in any event <br /> on November 7 , 1984 . <br /> If the said bond will not be effectively canceled until November 7 , <br /> 1984 , and Fidelity specifically denies that the bond is not presently <br /> effectively canceled , then Fidelity is hereby placing the Mined Land <br /> Reclamation Division on notice that in accordance with its terms and <br /> conditions , the captioned bond covers only the mining and reclamation <br /> operations of the named principal in the bond , Pueblo Paving , Inc . , <br />