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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 />December 29, 2008 <br />COLORADO <br />D I V I S I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Mr. Tyler Packard Harris D. Sherman <br />Carina Bayshore LLC Executive Director <br />188 Inverness Dr. West, Ste. 150 Ronald W. Cattany <br />Englewood, CO 80112 Division Director <br />Natural Resource Trustee <br />Re: St. Vrain Lakes, Filing 1, Slurry Wall, Permit No. M-1982-015, Financial Warranty Release Denial, <br />Revision No. SL-2 <br />Dear Mr. Packard: <br />On December 29, 2008 the Division of Reclamation, Mining and Safety considered your request for a financial warranty <br />release. The Division found that reclamation had not been accomplished at this site and denied this request. Please <br />review the attached inspection report for the specific reasons for the financial warranty release denial. In addition, if you <br />have past due annual fees or unpaid civil penalties, your financial warranty cannot be released. <br />If you have any questions, please contact me at (303) 866-3567, x8116. <br />Sincerely, <br />Michael A. Cu ingham <br />Environmental Protection Specialist <br />Enclosure <br />cc: Tony Waldron, DRMS <br />Brad Davis, Carina Bayshore LLC <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines