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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 />July 23, 2010 <br />Mr. Lee Belmore <br />North Weld Gravel <br />13480 WCR 100 <br />Nunn, CO 80648 <br />COLORADO <br />D I V I S ION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Piheda <br />Director <br />Re: North Weld Gravel, Permit No. M-1976-018, Financial Warranty Increase, Revision No. SI-1 <br />Dear Mr. Belmore: <br />In an effort to ensure the financial warranty remains adequate to reclaim this site per the requirements of the <br />approved reclamation plan, the Colorado Division of Reclamation, Mining and Safety (Division) has updated <br />the reclamation cost estimate (copy enclosed). Therefore, pursuant to Section 34-32.5-117(4) of the <br />Colorado Land Reclamation Act, adequate financial warranty must be submitted to the Division within <br />60 days of the mailing of this report. The increase needs to be accepted prior to September 21, 2010. Please <br />review the enclosed figures as soon as possible and contact our office if any calculation errors are noted. <br />The Division's calculations estimate the cost to reclaim the site to be $39,000.00. This is an increase of <br />$29,000.00 over the $10,000.00 currently held by the Division. The estimate is based on conditions observed <br />during the latest inspection. <br />If you have any questions, please contact me (303) 866-3567 x8116. <br />Sincerely, <br />Michael A. Cunnin ham <br />Environmental Protection Specialist <br />CERTIFIED MAIL NO. 7008 3230 0002 7253 0022 <br />Return Receipt Requested <br />Enclosure <br />CC: Tony Waldron, DRMS <br />Elizabeth Merry, DRMS <br />Office of <br />Mined Land Reclamation Denver ®Grand Junction , Durango Office of <br />Active and Inactive Mines