2018-10-30_REVISION - M1983164

• Permit No: M1983164
• IBM Index Class Name: REVISION
• Doc Date: 10/30/2018
• Doc Name: Approval Document
• From: DRMS
• To: Gale Swafford
• Email Name: LJW
• Email Name: BJC
• Email Name: WHE
• Media Type: D
• Archive: No

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of Colorado
Li4;partment of Natural R so- and 5aiGty
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fRecamatio �` 5outh esl . r - • _.EASED l �/�/
ovember 3 2 S "`"- ��-I
By
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Beneficiary: LETTER OF CREDIT NUMBER:
STATE OF COLORADO Amount U.S.$28034.00
MINED LAND RECLAMATION BOARD Date of Issuance:November 3,2008
215 CENTENNIAL BUILDING Initial Expiration Date:November 3,2009
1313 SHERMAN STREET
DENVER,COLORADO 80203 u-fq.6 3—IV
Applicant: George F. Gallegos
Street: 12127 S.Hwy 285/P.O.Box 575
City:Romeo
State: Colorado Zip Code: 81101
Area Code: 719 Telephone: [phone]
Gentlemen:
We hereby issue and establish our irrevocable letter of credit,the amount of which is available by beneficiary's
draft of drafts drawn upon us,which shall be paid at sight,when accompanied by the following document
A written statement of the Director("the Director")of the Division of Reclamation,Mining and Safety
of the State of Colorado("the Division")certifying that he is a duly authorized official acting on behalf
of the State of Colorado and that the amount of the accompanying sight draft is due and payable to the
State of Colorado pursuant to applicable provisions of Colorado statutes governing mined land
reclamation and that George F.Gallegos or its successor has neglected,failed,or refused to pay such
amount although requested to do so by the Director.
Each sight draft so drawn and presented shall be honored by us if presented prior to the close of business on the
expiration date of this letter of credit. The Bank shall make a payment by wire transfer to the Beneficiary. This
credit refers to George F.Gallegos's application for a permit to engage in mining and reclamation activities within
the State of Colorado.
It is an express condition of this letter of credit that it shall be automatically extended for successive additional
periods of one year each,from the initial and each future expiration date unless the First Southwest Bank of Alamosa
("the Bank")shall notify the Director at least 90 days prior to an expiration date in writing by certified mail,at the
above address,that the Bank elects not to extend the credit for such additional period. In such event,in addition to
his power to draw hereon under the preceding paragraphs,the Director may draw the full or any lesser amount hereof
at any time prior to such expiration date by sight draft,or drafts,accompanied by the written statement of the Director
certifying that the amount drawn will be held as a cash deposit in lieu of financial warranty,as provided in applicable
Colorado statutes governing mined land and reclamation.
Alamosa, Colorado • 720 Main St, PO Box 1139 • 81101 • 719-587-4200 fax: [phone]
wwwfirstsouthwestbank.com Member FDIC • An Equal Housing Lender