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COLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> 1313 Sherman Street, Room 215 <br /> Denver,Colorado 80203 <br /> August 11,2014 <br /> Jim McCormick <br /> MQCormick Excavation&Paving,LLC <br /> 30887 US Hwy 24 <br /> Stratton,CO 80836 <br /> Re: McCormick Pit, Permit No. M-2001-052, Financial Warranty Estimate for Succession of Operators <br /> Application SO-01 <br /> Dear Mr.McCormick: <br /> On July 8,2014 the Division of Reclamation,Mining and Safety(Division)received your completed Application for <br /> Transfer of Mineral Permit M-2001-052 and Succession of Operators.During the review period of the SO,the <br /> Division has reviewed the current reclamation cost estimate of the McCormick Pit as per Rule 1.12.1(1).The <br /> Corporate Surety,in the amount of$75,000.00,held for reclamation tasks of the site has been found to be an <br /> inadequate amount. <br /> The Division has prepared a new reclamation cost estimate based on the submitted and approved mining and <br /> reclamation plans and from site observations made on May 12,2014.The Division calculated the cost to reclaim the <br /> proposed affected disturbance of 30 acres(maximum allowed)to be$100,000.00.Attached for the Operator review, <br /> is a copy of the reclamation cost summary.Within 10 days of this letter,the Division will issue a Surety Increase <br /> revision; please contact me prior to August 21, 2014 to discuss any questions regarding the cost estimate.When <br /> the SI is issued,the Operator will then have 60 days to submit the additional bonding of$25,000.00. <br /> If you have any questions,please contact me at 303-866-3567 x8132. <br /> Sincerely, <br /> %q - <br /> Elliott R. Russell <br /> Environmental Protection Specialist <br /> Enclosure: 2014 Reclamation Cost Estimate <br /> Cc: Tom Kaldenbach; DRMS <br /> Jim McCormick; Grasser Construction,Inc. <br /> ��pF CO20 <br /> 1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us I ;FQ 9d <br /> John W. Hickenlooper, Governor I Mike King, Executive Director Virginia Brannon, Director <br /> �*1876� <br />