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<br /> <br /> <br /> <br /> <br /> <br />August 11, 2023 <br /> <br /> <br />Lynn M. Shults <br />L. G. Everist, Incorporated <br />7321 E 88th Avenue, Suite 200 <br />Henderson, CO 80640 <br /> <br /> <br />Re: Carr Gravel Resource - File No. M -1988-048 <br /> L. G. Everist, Incorporated <br /> Surety Increase (SI-1) <br /> Updated Bond Calcuation associated with TC1 request. <br /> <br />Dear Lynn M. Shults: <br /> <br />On August 11, 2023 the Division of Reclamation, Mining and Safety increased the current Financial <br />Warranty for this permit to $118,350.00, in accordance with Rule 4.2.1 of the Rules and Regulations. <br />This is an increase of $40,950.00. <br /> <br />Please see the August 10, 2023 inspection report for details regarding why this surety increase is <br />required. <br /> <br />The Division ordered amendment of the current Financial Warranty, or submittal of a new Financial <br />Warranty reflecting the increase, within 60 days from the date of this letter (August 11, 2023). <br /> <br />Please make arrangements with Sara M. Stevenson-Benn at the Division’s Denver office for submittal <br />of the financial warranty. Any other questions regarding completion, execution and/or submittal of <br />financial warranty forms should also be directed to Sara M. Stevenson-Benn by telephone at (303) <br />866-3567 (8148), or by email at Sara.stevenson-benn@state.co.us. <br /> <br />The Permittee for this site may be scheduled for a Formal Board Hearing for possible revocation of <br />the permit after October 10, 2023, if the amount of any increased Financial Warranty has not been <br />provided. <br /> <br /> <br />Bond Held: $77,400.00 <br />Prior Liability: $77,400.00 <br />Change in Liability: $40,950.00 <br />Revised Liability: $118,350.00 <br />Prior Permit Acreage: 521.00