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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 3, 2012 <br />First Bank of Longmont <br />1707 North Main St. <br />Longmont, CO 80501 <br />RE: Letter of Credit for Perdue Site; DRMS File No. M- 2000 -089; Notice of Enforcement <br />Hearing for Forfeiture of Financial Warranty <br />To Whom It May Concern: <br />Financial Warrantor: <br />Letter of Credit No.: <br />Amount: <br />Date of Submittal: <br />Expiration Date: <br />STATE OF COLORADO <br />Mr. Ignacio Vasquez Sr. has provided the Mined Land Reclamation Board (Board) with a Letter <br />of Credit for a Financial Warranty for the Perdue Site, DRMS File No. M- 2000 -089. At the April <br />11, 2012 Board Hearing it was found the Financial Warranty is subject to forfeiture. Pursuant to <br />Rule 4.20(2) of the Mineral Rules and Regulations of the Colorado Mined Land Reclamation <br />Board for the Extraction of Construction Materials, the Board is required to notify all Financial <br />Warrantors that a Financial Warranty is subject to forfeiture. The pertinent information for the <br />Letter of Credit is: <br />First Bank of Longmont <br /> <br />$12,500.00 <br />April 18, 2006 <br />April 18, 2013 <br />COLORADO <br />D I V I S I O N OF <br />RECLAMATION <br />MINING <br />— &— <br />SAFETY <br />John W. Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pineda <br />Director <br />An Enforcement Hearing will be held for this matter. It will occur during the August 8 and 9 <br />2012 Board Meeting. The hearing will be held in Room 318 of 1313 Sherman Street, Denver, <br />Colorado, beginning at 9:00 am on August 8 or as soon thereafter as the matter can be <br />considered. Pursuant to Rule 4.20(2), when the Board determines a Financial Warranty is <br />subject to forfeiture, the Board shall afford the Operator and all Financial Warrantors the right to <br />appear before the Board. <br />Office of <br />Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />Mined Land Reclamation <br />