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                                                                   Exhibit 99.11

By Facsimile and Overnight Mail

November 8, 2002

Mr. Bradley E. Larson
President and Chief Executive Officer
Meadow Valley Corporation
4411 South 40th Street, Suite D11
Phoenix, AZ 85040

Re: Meadow Valley Corporation (the "Company")

Dear Mr. Larson:

For the last 30 consecutive trading days, the price of the Company's common
stock has closed below the minimum $1.00 per share requirement for continued
inclusion under Marketplace Rule 4310(c)(4) (the "Rule"). Therefore, in
accordance with Marketplace Rule 4310(c)(8)(D), the Company will be provided 180
calendar days, or until May 7, 2003, to regain compliance.(1) If, at anytime
before May 7, 2003, the bid price of the Company's common stock closes at $1.00
per share or more for a minimum of 10 consecutive trading days, Staff will
provide written notification that the Company complies with the Rule.(2) If
compliance with this Rule cannot be demonstrated by May 7, 2003, Staff will
determine whether the Company meets the initial listing criteria for The Nasdaq
SmallCap Market under Marketplace Rule 4310(c)(2)(A).(3) If it meets the initial
listing criteria, Staff will notify the Company that it has been granted an
additional 180 calendar day grace period to demonstrate compliance. Otherwise,
Staff will provide written notification that the Company's securities will be
delisted. At that time, the Company may appeal Staff's determination to delist
its securities to a Listing Qualifications Panel.


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(1) The 180 day period relates exclusively to the bid price deficiency. The
Company may be delisted during the 180 day period for failure to maintain
compliance with any other listing requirement for which it is currently on
notice or which occurs during this period.

(2) Under certain circumstances, to ensure that the Company can sustain
long-term compliance, Staff may require that the closing bid price equals $1.00
per share or greater for more than 10 consecutive trading days before
determining that the Company complies.

(3) Marketplace Rule 4310(c)(2)(A) states that "[f]or initial inclusion, the
issuer shall have (i) stockholders' equity of $5 million, (ii) market value of
listed securities of $50 million...; or (iii) net income from continuing
operations of $750,000 in the most recently completed fiscal year or in two of
the last three most recently completed fiscal years."

     The Nasdaq Stock Market, Inc. 9600 Blackwell Road, Rockville, MD 20850


Mr. Bradley E. Larson
November 8, 2002
Page 2

If you have any questions, please contact Abdul Mohamed, Lead Analyst, at
301-978-8029.

Sincerely,

/s/ Kit Milholland
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Kit Milholland
Associate Director
Nasdaq Listing Qualifications