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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />January 9, 2008 c/ <br />Ms. Lynn Mayer Shults <br />L.G. Everist, Incorporated <br />7321 E. 88th Avenue <br />Suite 200 <br />?I 25 L? Chit L-? <br />COLORADO <br />D IV IS I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Henderson, CO 80640 / Natural Resource Trustee <br />Re: Carr Gravel Resource, Permit No. M-1988-0048,, Transfer of Permit and Succession of Operator <br />Approval and Request for Financial Warranty, SO-O1 L,_ <br />Dear Ms. Schults: <br />On December 31, 2007, the Division of Reclamation, Mining and Safety completed the review of your application for <br />a Transfer of Permit and Succession of Operator application submitted to the Division on October 31, 2007. On your <br />application form you initialed Option A, which specifies that the Division would recalculate the required bond prior to <br />approval of the transfer. The estimated liability of the reclamation bond has been calculated to be $51,400.00. Please <br />submit a financial warranty in the amount of $51,400.00 within 60 days. The transfer of Permit No. M-1988-048 <br />will not be final until the bond is approved by the Division. You will be contacted once the warranties have been <br />review and approved. <br />If you do not post the warranty within 60 days, the current operator will be responsible for submitting an original rider <br />in the amount of $51,400.00 to the Division. <br />If you have any questions, please contact me or Elizabeth Taliaferro, Minerals Division Program Assistant. <br />Sinc <br />Erica S. Crosby <br />Environmental Protection Specialist <br />cc: Elizabeth Taliaferro, Division of Reclamation, Mining and Safety <br />Office of Office of <br />Mined Land Reclamation Denver • Grand )unction • Durango Active and Inactive Mines