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<br /> <br /> <br /> <br /> <br /> <br />October 27, 2022 <br /> <br /> <br />Bill Tezak <br />Colorado Quarries Inc <br />270 S 15th St <br />Canon City, CO 81212 <br /> <br /> <br />Re: Black Obsidian - File No. M-1987-026 <br /> Colorado Quarries Inc <br /> Permit Conversion (CN-1) <br /> Convert to 112c Permit by adding 36.3 ac for a total permit area of 45.3 ac <br /> <br />Dear Bill Tezak: <br /> <br />On October 27, 2022 the Division of Reclamation, Mining and Safety concluded its review of the <br />Permit Conversion application submitted to the Division on July 19, 2021, addressing the following: <br /> <br />Application to convert from a 110c to a 112c construction materials permit by adding 36.3ac for a <br />total permit area of 45.3 ac. <br /> <br />The decision reached by the Division is: approve. <br /> <br />The terms of Permit Conversion No. 1 approved by the Division are hereby incorporated into Permit <br />No. M-1987-026. All other conditions and requirements of Permit No. M-1987-026 remain in full <br />force and effect. <br /> <br />The revised liability amount exceeds the financial warranty currently held (see below), please submit <br />additional bond or a rider to your existing bond that equals or exceeds the Revised Liability. The <br />revision will not be final until the bond is approved by the Division. <br /> <br />Please be advised that you are still required to submit an annual report, map and fee on the <br />anniversary date of your permit each year. However, after this revision is finalized you will now be <br />required to pay $791.00 on November 6, 2022 and thereafter in accordance with C.R.S. 34-32.5-125 <br />or C.R.S. 34-32-127 as applicable. <br /> <br /> <br />Bond Held: $66,400.00 <br />Prior Liability: $66,400.00 <br />Change in Liability: $505,055.00