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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />fAX: (303) 832-8106 <br />January 31, 2005 <br />COLORADO <br />DIVISION OF <br />MIN~RALS <br />GEOLOGY <br />RECEA NATION•NINING <br />SAf Et Y•$CIEN CE <br />Adria Hooker Bill Owens <br />Griffin Ranch, LLC covemor <br />Russell George <br />420 Royal Gorge Blvd., Suite 201 Executive Director <br />Canon City, CO 81212 Ronald w. cottony <br />Division Director <br />Re: Oak Creek Gravel Pit, Permit No. M-1489-084, Transfer of Permit and Succession "otural Res°urce TRUStee <br />of Operator, Request for Performance and Financial Warranties Sd '~ l <br />Dear Ms. Hooker: <br />A few days ago, at the request of Jerry Butts, I sent you a note regarding the amount of the <br />required financial warranty for the Oak Creek Gravel Pit. On your Transfer of Permit and <br />Succession of Operator Form you initialed Option A, which specified that the Division would <br />calculate the required bond prior to final approval of transfer of the permit. The financial <br />warranty amount has been calculated to be $52,804.00. Please submit a financial warranty in <br />that amount within 60 days. The transfer of permit No. M-i 989-084 will not be <br />final until the bond is approved by the Division. <br />As you requested, I am enclosing a copy of the Colorado Land Reclamation Act for the <br />Extraction of Construction Materials and the Construction Materials Rules and Regulations. <br />Please refer to Rule 4 Performance and Financial Warranties section 4.3, for the types of <br />financial warranties the Division can approve. After you have decided the type of bond you <br />intend to submit, let us know and we will send you the appropriate forms. Or, you can obtain the <br />forms from the DMG Web Site at www.muungstate.co.us, under the heading Forms Policies and <br />Guidelines for Minerals. I have enclosed a Performance Warranty form, for your use. <br />If you have questions regarding the permit or our program call me at (303) 866-4922. If you <br />have questions regarding the financial warranty or forms please call Suzi Ericksen at (303) 866- <br />4920. <br />Sincerely, <br />Larry D. ehler ~~. <br />Environmental Protection Specialist <br />Enclosures: <br />Cc: Harry Posey- DMG <br />Suzi Ericksen- DMG <br />Office of Office of Colorado <br />Mined Land Reclamation Active and Inactive Mines Geological Survey <br />