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<br /> <br /> <br />DIVISION OF MINERALS AND GEOLOGY <br />Deparimeat of Natural Resources <br />1313 Shermzn SL, Foam 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAQ: (303) 832-8106 <br />May 10, 1999 <br />Mr. Robert Larson <br />Monadnock Mineral Services <br />P. O. Box 85 <br />Ouray, Colorado 81427 <br />--- c'rr n '1"'r_- .JF <br />III IIIIIIIIIIIII III <br />COLORADO <br />8.7~iV V ~~ ~.ll~l IVC <br />~'1J13LIC ~IL~ C®~~ <br />6~IL~: i/1- 9 -!Y <br />RE: ZMK Gravel Pit, Permit No. M-91-146, Enclosed Bond Recalculation <br />Dear Mr. Larson: <br />DIVISION OF <br />MINERALS <br />GEOLOGY <br />RECLAMATION <br />MINING•SAFETY <br />Bill Owens <br />Governor <br />GregE Watcher <br />Execwive Duector <br />Michael B Lang <br />Division Duector <br />Enclosed is an updated cost estimate for reclamation of the ZMK Gravel Pit, based on the requirements of the <br />original permit application and any subsequent correspondence or revisions to the permit. The condition of the <br />site at the time of the last inspection (10-7-98) was also taken into consideration. As you can see from the <br />attached calculations, it appears that the site is substantially under-bonded at the present time. Therefore. <br />pursuant to Section 34-32.5-117141 of the Colorado Mined Land Reclamation Act, the Division requires that ZMK <br />Construction, Inc. submit adequate Financial Warranty within 60 days of receipt of this letter. <br />Please review the enclosed figures as soon as possible and contact our office if you feel any of the calculations <br />are in error. <br />It is important to point out that the enclosed estimate is based on a bond forfeiture scenario where the permit <br />has been revoked and the Division must hire an independent contractor to complete all remaining reclamation <br />activities at the site as provided for in the approved reclamation plan. <br />If you have questions or are in need of additional information, please contact me at our Durango Field Office, 484 <br />Turner Drive, Building F, Suite 101, Durango, Colorado 81301, phone no. (3031 247-5062. <br />Sincerely, <br />7 <br />i ~J <br />Steve S. Shuey <br />Environmental Protection Sp cialist <br />enclosure <br />CERTIFIED MAIL N0: Z 329 232 094 <br />Return Receipt Requested <br />