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~ iiiiiniiiiiiiiiiii <br />STATE ~ COLORAUU <br />DIVISION OF MINERALS AND GEOLOGY <br />Ocpanmenl of Ndlural Nc>ources <br />L{ I 1 Sherman SL, Room _' I S ~ly~~ <br />Denver. Colorado NU1Ul I <br />Phonc~ I In SI N6L- i5L7 <br />FA% (11151 N it~ll l lib <br />DEPARTMENT OF <br />December 2, 1997 NATURAL <br />RESOURCES <br />Ruy Romer <br />Nathan Barton errvernnr <br />Pete Lien & Sons, IRC. lamiy S. EnchhraA <br />P.O. Box 767 Fe[ulrve Ductmr <br />Ra Id Cit SD 57709-0767 "'"'''1e' e. `°"" <br />P Y+ Drviuon Dveclw <br />RE: Rex Quarry, Reclamation Cost & Interim Financial Warranty, Permit No. M-7". -304 <br />Dear Mr. Barton: <br />The purpose of this letter is to summarize the key points agreed upon between the Division and <br />Colorado Lien Company (CLC) during our December 2, 1997 meeting. First, CLC will submit <br />an interim bond in the amount of $6,000/Acre for current disturbance by January 20. 1998. <br />Based upon a disturbance of 109 acres as listed in the 1496 Annual Report, the Bivi:>ion has <br />calculated an interim cost of $654,000. Therefore, CLC may submit either a replacement <br />warranty in the amount of $654,000 or an additional bond of $553,140 to supplement the existing <br />financial warranty of $100,860. Second, CLC will submit a technical revision which includes a <br />topographic map of current disturbances and cross sections of the pits, processing ar~:as, and <br />overburden stockpiles. The Division requests that the revision application be submil.ted by <br />January 20, 1997. Third, the due date for mazking of the affected land boundary as rioted in the <br />Division's October 1, 1997 inspection report has been revised from November l3, 1'197 to <br />January 20, 1998. <br />Please call me at (303) 866-3567 if you have any questions. <br />Sincerely, ` <br />i~s~„~~ J <br />Thomas A. Schreiner <br />Environmental Protection Specialist <br />cc: Carl Mount, DMG <br />Barb Chiappone, DMG <br />Sam Lien. Colorado Lien Company <br />Certified Mail No., ~ ~~ti~ `7 ~ % ~~'(~ <br />Return Receipt Requested <br />