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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <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 />November 20, 2007 <br />Seifert Construction <br />P.O. Box 305 <br />Westcliffe, CO 81252 <br />COLORADO <br />D IV IS I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />/ Division Director <br />Natural Resource Trustee <br />RE: Tallahassee Pit DRMS File # M-1999-003; Succession of Operator and Transfer <br />of Permit; Financial Warranty Increase <br />Dear Mr. Seifert: <br />The Division of Reclamation, Mining and Safety received your Transfer of Permit and <br />Succession of Operator Application on September 12, 2007. You chose option A which <br />requires the Division to conduct an inspection and recalculate the financial warranty prior <br />to completing the transfer. Based on the inspection and recalculation of the reclamation <br />liability, the financial warranty for the Tallahassee Pit has increased from $27,450.00 to <br />$34,185.00. This is an increase of $6,735.00. A copy of the new cost estimation is <br />enclosed for your review. <br />Your permit transfer will not receive final approval until we receive additional bond in <br />the amount of $6,735.00 or a replacement bond in the amount of $34,185.00. This <br />increase must be submitted within 60 days of receipt of this letter in accordance with <br />Rule 1. 12.1 (1) and 4.2.1 (2). <br />If you have any questions, please contact me at (303) 866-4926. <br />S' e ely, <br />?G <br />Anthon . Waldron <br />Senior Environmental Protection Specialist <br />Cc: Elizabeth Talifero-DRMS <br />David Bird-DRMS <br />Office of Office of <br />Mined Land Reclamation Denver • Grand (unction • Dtiranon ••- --a - - - ••