2009-05-12_REVISION - M1980027

• Permit No: M1980027
• IBM Index Class Name: REVISION
• Doc Date: 5/12/2009
• Doc Name: FW increase
• From: DRMS
• To: Bumgardner Ranches, Inc.
• Type & Sequence: SI2
• Email Name: PSH
• Media Type: D
• Archive: No

DIVISION OF RECLAMATION, MINING AND SAFETY
Department of Natural Resources
1313 Sherman St., Room 215
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
? May 12, 2009
Gary Bumgardner
?j Bumgardner Ranches, Inc.
P.O. Box 186
Kremmling, Colorado 80459
RE: Bumgardner Ranches, Inc.; File No. M-1980-027 `/
Bumgardner Ranches Gravel Pit; Financial Warranty Increase (SI-02)
Dear Mr. Bumgardner,
On April 14, 2009, the Division of Reclamation, Mining and Safety (Division) conducted an
inspection of the Bumgardner Ranches Gravel Pit, File No. M-1980-027.
COLORADO
D I V I S ION OF
RECLAMATION
MINING
SAFETY
Bill Ritter, Jr.
Governor
Harris D. Sherman
Executive Director
Ronald W. Cattany
Division Director
Natural Resource Trustee
According to Rule 4.2.1(1) and (2), the Division may review a financial warranty at any time to
determine if the amount is sufficient to perform reclamation. The Division currently holds a
financial warranty of $20,976. Based on the inspection, the financial warranty is not sufficient
to perform the approved reclamation at the site. The Division prepared a reclamation cost
estimate for the Bumgardner Ranches Gravel Pit based on the inspection. The Division
estimates the cost to reclaim the current disturbance is $37,900. This is an increase of $16,924
from the current financial warranty.
This letter is to inform you that your financial warranty will need to be revised within 60 days
from the date of this letter. A copy of calculations used to determine this cost is attached for
your review.
If you wish to submit a different type of Financial Warranty, the various application forms can
be found at the following website: http://mining.state.co.us/Minera1%2oForms.htm. An
additional $500 is required if Bumgardner Ranches, Inc. elects to submit the financial warranty
as an Irrevocable Letter of Credit for a total increase of $17,424. If you have any questions
regarding the Financial Warranty please contact Elizabeth Taliaferro at [phone] Ext.
8148.
STATE OF COLORADO
Office of Office of
Mined Land Reclamation Denver • Grand )unction • Durango Active and Inactive Mines