_ENFORCEMENT - C1981017 (14) - Laserfiche WebLink

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° STATE, OF COLORADO Roy Romer, Governor �— +11876 \1 11 i DEPARTMENT OF NATURAL RESOURCES MINED LAND RECLAMATION DIVISION FRED R. BANTA, Director + �� November 8, 1989 Mr. Geora_e Wear Planning Consultant Mid-Continent Resources, Inc. 201 Centennial Street, Suite 405 Glenwood Springs, Colorado 81601 Re: Financial Warranty Increase, Mid-Continent Limestone Ouarry, Permit No. M-82-121 Dear Mr. Wear: Per Mid-Continent Resources' correspondence dated October 13, 1989 addressing the increase in bond from $7,000.00 to $13,213.00 for the above captioned Minerals Permit and our recent telephone conversation clarifying this issue, you indicated that Mid-Continent wishes to pledge an additional $6,213.00 aaainst the Deed of Trust on the Limestone Property ( Recorded December 11 , 1984) to the Mined Land Reclamation Board to cover the increase in bond required under Permit No. M-82-121 . (This same Deed of Trust currently pledges $3,000,000.00 as bond for Coal Permit No. C-81 -017, ) Mid-Continent will need to have signed and notarized the enclosed Financial Warranty form provided by this Division. An amendment to Title Insurance Policy No. M-9942-37904 increasing the Amount of Insurance from $3,000,000.00 to $3,006, 213.00 will also need to be submitted. Receipt of these documents will complete the bond requirements for this $6,213.00 additional bond. I am returning the draft of the financial warranty amendment provided by Mid-Continent as it is the Division' s preference to utilize the forms already approved for this purpose. If you have any questions, please let me know. Sincerely, De orah L. Mulloy Staff Assistant ;Z /dlm Enclosures 1185F 215 Centennial Building, 1313 Sherman Street Denver, Colorado 80203-2273 Tel.(303) 866-3567