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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1373 Sherman St., Room 275 <br />Denver, Colorado 80203 C O L O R A D O <br />Phone: (303) 8663567 DIVISION o r <br />RECLAMATION <br />fAX: (303) 832-8706 MINING <br /> - &- <br />March 26, 2007 SAFETY <br />Mr. Abe Vasquez Bill Ritter, )r. <br />c/o Hector Rodriquez Governor <br />PO BOX 122 Harris D. Sherman <br />Executive Director <br />LYORS, CO 80540 Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />RE: Indio Red #1 and #2; Permit No. M-1999-062 <br />Hector Rodriquez; Financial Warranty Increase (SI-Ol) <br />Dear Mr. Vasquez, <br />On November 9, 2006, the Division of Reclamation, Mining and Safety conducted an inspection of <br />the Indio Red #1 and #2 Quarry, Permit No. M-1999-062. <br />According to the Colorado Land Reclamation Act for the Extraction of Construction Materials <br />(C.R.S. 34-32.5-117(4)(a), 34-32.5-117(4)(b)(n) and Rules 4.2.1(1) and (2) of the Construction <br />Materials Rules and Regulations, the Division may review a financial warranty at any time to <br />determine if the amount is sufficient to perform reclamation. The Division recalculated the bond to <br />account for the actual disturbance at the quarry. The result of the recalculation indicates that the site <br />is currently underbonded. This letter is to inform you that your financial warranty will need to be <br />revised from its current amount of $2,500.00 to 12 400.00 within 60 days of receipt of this letter. A <br />copy of calculations used to determine this cost is attached for your review. The operator has three <br />options regarding the amount of required bond; <br />1. submit additional financial warranty in the amount of $9,900.00, <br />2. perform some reclamation on the site to reduce the reclamation liability, or <br />3. revise the reclamation plan. <br />One of the three options must be completed by June 1, 2007. Failure to do so maybe considered a <br />violation of the Act and the Construction Material Rules and Regulations. If you have any questions <br />about this process or how the bond was calculated, please contact me at (303) 866-4943. <br />S' c ely, <br />S, ~ <br />Erica S. Crosby <br />Environmental Protection ecialist <br />cc: Carl Mount; DRMS <br />Elizabeth Shelton; DRMS <br />Enclosure(s); DRMS Reclamation Cost Estimate <br />Certified Mail # 7005 3110 0000 2197 8419 <br />Office of Office of <br />Mined Land Reclamation Denver Grand function Durango Active and Inactive Mines <br />