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COLORADO <br />Y Division of Reclamation, <br />Mining and Safety <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />October 16, 2014 <br />Rob Mangone <br />Rocky Mountain Materials & Asphalt, Inc. <br />1910 Rand Ave <br />Colorado Springs, CO 80906 <br />RE: Penrose Ranch's, Permit No. M -1992 -016, Revision No. SR -1 <br />Financial Warranty Reduction Approval <br />Dear Mangone: <br />On September 16, 2014 the Division of Reclamation, Mining and Safety approved your request for a Financial <br />Warranty Reduction to $281,283.09. This is a reduction of $281,283.09 to the $562,566.18 Financial <br />Warranty required with the approval of Amendment 3 (AM -03). This decision reduces the amount of the <br />financial warranty, and does not approve any release of reclamation responsibility for the tasks associated with <br />this request. The 100 acres for which reclamation was approved are still considered by the Division to be part <br />of the Affected Area included in the 200 acres of maximum allowed affected area (approved with AM -03). <br />These areas are to be considered reclaimed for the purpose of establishing the current required financial <br />warranty, and will remain part of the affected area until such time as an acreage release is requested and <br />approved by the Division. Should the operation require additional affected area prior to requesting an area <br />reduction (and approval by the Division), an amendment will be required. <br />No change to the existing rider to the current Financial Warranty is required as the currently held $281,283.09 <br />equals the revised required Financial Warranty. <br />If you have any questions, please contact me (303- 866 -3567 ext. 8169). <br />Sincerely, <br />Timothy A. Cazier, P.E. <br />Environmental Protection Specialist <br />ec: Tom Kaldenbach, DRMS <br />Barbara Coria, DRMS <br />DRMS file <br />coi <br />chi, 4� ;• o <br />1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http: / /mining.state.co.us <br />John W. Hickenlooper, Governor I Mike King, Executive Director I Virginia Brannon, Director <br />