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`'~~~~-~`~' RECEIVED <br />APR 2 g 1~7 <br />CHARr•FS G. RINNEY, ES <br />5826 Presley Way If~HpfMltlMtalpplQpPlpgr <br />Oakland, CA 94618 <br />(510) 654-5133 <br />April 23, 1997 <br />Mined Land Reclamation Board <br />Division of Minerals and Geology <br />Dept. of Natural Resources <br />State of Colorado <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />Re: $20,000 in Financial Warranty for ORION PIT, Application <br />#M-94-115 (@ $2,000 per acre for 10 affected acres) <br />Dear Mined Land Reclamation Board: <br />Pursuant to Mineral Rules and Regulations, Rule 1.4.11(3) [edition <br />May, 1977], enclosed is the Financial Warranty in the form of an <br />Irrevocable Letter of Credit for $20,000 as provided in Rule 4.3.4. <br />This Financial Warranty is for Application #M-94-115, the ORION <br />PIT, submitted by Stephen H. Kinney which was automatically <br />approved due to the lack of a denial within 120 days by the Mined <br />Land Reclamation Board. The ORION PIT involved 368± acres, with 10 <br />or less disturbed acres at any one time. Under Rule 1.4.11(3), the <br />amount of this Financial Warranty is $20,000, which is for the l0 <br />affected acres (i.e. disturbed acres) at $2,000 per acre. <br />Sincerely, <br />C~ ` <br />Charles G. Kinn <br />Attorney and Int rested Party <br />CGK/rr <br />cc: Client <br />All Counsel <br />~ 00131 <br />i . ... <br />