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STATE OF COLORADO s <br />DIVISION OF RECLAMATION, MINING AND SAFETY (/ <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 8663567 <br />FAX: (303) 832-8106 <br />January 25, 2007 <br />Mr. Bill Roberts / <br />Silt Sand & Gravel, LLC V <br />0304 Highway 133 - <br />Cazbondale, CO 81623 <br />COLORADO <br />DIVISION O F <br />R>:c1aMArloN <br />MINING <br />- &- <br />SAFETY <br />Bill Owens <br />Gwemor <br />Russell George <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />Re: File No. M-2006-046, Grand River Park Project, 112c Decision Letter - Financial a d Performauce <br />Warranty Request -Construction Material Operation <br />Dear Mr. Roberts: <br />On January 9, 2007, the Division of Reclamation, Mining and Safety approved your 112c mining permit application. <br />The amount of fmancial warranty set by the Division for this operafion is $162,454.00. You must submit a financial <br />warranty in this amount and a performance warranty in order for us to issue a permit. In the event you have requested a <br />financial warranty form, we have enclosed it in this letter. If you have not, please select a type of financial warranty from <br />Rule 4.3. Then contact us so that we can provide you with the appropriate warranty form. We have enclosed a <br />performance warranty form with this letter for your use. <br />PLEASE NOTE TBAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS BEEN <br />ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL WARRANTY AND PERFORMANCE <br />WARRANTY. A PERMIT WII.L NOT BE ISSUED UNTII. WE VERIFY THE ADEQUACY OF BOTH YOUR <br />FINANCIAL WARRANTY AND PERFORMANCE WARRANTY. <br />If you have any questions, please contact me at (303) 866935. <br />Sincerely, <br />Richard M. Wenzel III <br />Environmental Protection Specialist <br />Enclosure: DRMS Bond Calculation, Performance Warranty Form <br />cc: Alex Schatz, Banks and Gesso, LLC <br />Cazl Mount, DRMS <br />Elizabeth Shelton, DRMS <br />Office of Office of <br />Mined Land Reclamation Active and Inactive Mines <br />