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SPATE 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 />July 2, 2010 <br />COLORADO <br />D IV[ S I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Mike King <br />Ms. Judy Sprague Executive Director <br />Arkins Park Stone Corp. Loretta E. Pineda <br />5975 NCR 27 Director <br />Loveland, CO 80538 <br />Re: Arkins Park Quarries, Permit No. M-1985-212, Financial Warranty Increase, Revision <br />No. SI-1 <br />Dear Ms. Sprague: <br />In an effort to ensure the financial warranty remains adequate to reclaim this site per the <br />requirements of the approved reclamation plan, the Colorado Division of Reclamation, Mining and <br />Safety (Division) has updated the reclamation cost estimate (copy enclosed). The increase needs to <br />be accepted prior to July 30, 2010. Please review the enclosed figures as soon as possible and <br />contact our office if any calculation errors are noted. <br />The Division's calculations estimate the cost to reclaim the site to be $137,100.00. This is an <br />increase of $87,100.00 over the $50,000.00 currently held by the Division. The estimate is based on <br />conditions observed during the latest inspection conducted on June 16, 2010. <br />If you have any questions, please contact me (303) 866-3567 x8116. <br />Sincerely, <br />Michael A. Cu,nningham <br />Environmental Protection Specialist <br />CERTIFIED MAIL NO. 7008 3230 0002 7253 2437 <br />Return Receipt Requested <br />Enclosure <br />CC: Tony Waldron, DRMS <br />Elizabeth Merry, DRMS <br />David Towns, Atkins Park Stone Corp. (via e-mail) <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines