Laserfiche WebLink
W,'ebster Sand & Gravel <br />14~ S. 'I'olcdo <br />Leadvillc, CO 80461 <br />(719) 486-(1427 <br />Division Of h1incrals And Geology. R E CE~ V E~ <br />I )rpartnrcnt of Natural Resources MAY 3 12006 <br />I ~ 13 Shemtan St.. Room21 <br />I)ertver. (~olorndo 80203 p,,,~ ;~i ~r htir..rr, ,.~nC Ge:'a~i <br />May 20. 200b <br />Re::lnnunl Fee :+nd Report 1i+r M-81-33> <br />I.udies and-or t ientlemcn: <br />In uur last report. I inlimncd the di+ision that we were olxr:tting:+s the estate ul Charles <br />J. Webster and that wr were ~curking with our accountants and attorneys to set up uur <br />corpontc stntcturc. N'r registered the business as N'cbstrr Sand K Gravel. I_LC but arc <br />still working un fully ti+nding the three trusts which will comprise the membership ofthc <br />LLC. l hr delay is nut the ability a. liu+d the trusts but rather designating which assns u+ <br />place in which trusts and having uur accountants set up the nrcrssan accounts. Until. <br />that is door, we will continue to oprnue as the lislate of ('harks .I. Webster. V1'r are <br />cumntly working with an ryuipmcnt auction company to liyuidatc much of our <br />ryuipmcnt. This will hr used to fund not only one of the trusts. hw ccr arc going a. set it <br />up as a certitic:ur ofdrpc+sit to 1'wtd our reclamation hand in the amount of 513_'.500.00. <br />11 r have been working with firica l'mshy over the last czar and a half on the increased <br />amount of our reclamation Mmd. 1 had recently asked tier an extension because we were <br />having problems with uur hank. 1 his Spring wr weer working with ~\'ells largo on a <br />blanket lien to racer the txmd but ran into problems as they required both my' stepmother <br />and I to personally guarantee the loan. ,4> I st:drd in my extension rrqursl, eve arc <br />registered as an I.LC but arc waiting un finalising the funding of the trusts and our <br />attornryx advised us nut to personally guarantee the loan. I have linuxl a h:utk. American <br />National Bank in (iaglc. ('olorudo which will set up the Mn+d as a CI) witlx+ul requiring <br />us to prnonally guarantee the bond, Wr have not been aldr h+ hold Ihr auction onsite <br />until the pil is accessible. Wr arc Icxatrd aM»'e 1(1,(1011 tent elevation and cannot access <br />all of uur equipment until aflrr the Spring thaw. The die isiun has been very <br />understanding in our issues and I know would like to have this txmd issue resolved as <br />soon as possible. ~ti'r hope to have this rcsuh'ed hrtim lhr rtul ul Juno. <br />:1s fur uur mining acticily during 2001, wr continued to mint in approximately the <br />same urea along the ccestrrn side of the pit. During'_tl06 wr will minx toward the south <br />as ca'r arc running out of open room to the west. ~\ r xll to the m:yority of mason <br />contractors in I.:+kc. Sununu, Nagle, and son+rtimes Gran) counties. ~1'c mined the <br />exposed gravel bed to lhr south tiff road base. Icach rock and w:vehrd gravel. ~1'e hour <br />nut disturbed any new area end cce have trot door any reclamation since lherr n+any tuns <br />