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r <br />STATE OF <br />III IIIIIIIIIIIII III <br />COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1 313 Sherman SL, Roam 215 <br />Denver, Colorado 80203 <br />Phone (303) 866-3567 <br />FAX: 13031 832~810ti <br />December 8, 1999 <br />Mr. Albert Frei <br />Albert Frei & Sons, Inc. <br />11521 Brighton Road <br />Henderson, CO 80640 <br />RE :Required Financial Warranties For Permits M-77-O11, M-78-255, M-81-096, M-83-033, <br />M-86-079, M-79-165, M-77-526. <br />DIVISION OF <br />MINERALS <br />GEOLOGY <br />RECLAMATION <br />MINING•SAFETY <br />BIII Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />MichaelB Long <br />Division Director <br />Based upon the Division's review of the files for the above mentioned permits held by Albert Frei & Sons, <br />Inc., the following reclamation costs are required <br />File Number Site Name Bond Amount Date <br />M-77-526 Pit #4 (Worthing Lakes) $65,800 8/17/98 <br />M-78-255 Pit #1 (Frei Lakes) 9,200 8/20/98 <br />M-77-O1 l Pit #5 (Fernald Pit) 61,200 8/17/98 <br />M-79-165 Pit #3 (Bromley Pit) 66,800 9/23/97 <br />M-81-096 Miller Pit 44,700 7!1/98 <br />M-86-079 M & G Pit 39,000 3/31/99 <br />M-83-033 Walstrum Quarry 75,000 4/26/93 <br />Total ................... .................................................... ........... 361,700 <br />* signifies date of most recent reclamation cost evaluation <br />This reclamation cost and bond review verifies that the existing financial warranty, Deed of Trust, in the <br />amount of $396,000 is adequate to cover the bonding requirement for each of the seven (7) permitted sites <br />listed above. in the event that you desire to provide individual replacement warranties, please refer to the <br />amounts listed above. <br />Sincerely, <br />Thomas A. Schreiner <br />Environmental Protection Specialist <br />cc: Carl Mount, Barb Chiappone, & Christina Kamnikar, DMG <br />Certified Mail Return <br />Receipt Request No. _ <br />~- IQa ia4 a~~ <br />A <br />~•. <br />