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STATE OF .COLOFADO <br /> DIVISION OF MINERALS AND GEOLOGY <br /> Department of Natural Resources <br /> 1313 Shermin St.,Room 215 <br /> D Iv IS I'O N O <br /> Denver,Colorado 8020.3 <br /> Phone:(303)866-3567 MINERAL <br /> FAX:(303) �18(Colorado GEOLOG <br /> Department of Natural Resources ; R E C L A M AT 1 0 1 <br /> Division of Reclamation, Mini MINING•SAFE T <br /> W�NCE WARRANTY <br /> RELEASED ON: 's� "•" _ Bill Owens <br /> Governor <br /> I/�P-d- t <br /> J� 4 Greg E.Walther <br /> (f((? - �3 Ln_ vjr�• y" �4td� �J Executive Director <br /> By: PK ENTERPRISES INC. �;; a Michael B.Long <br /> Operator. Division Director <br /> Operation: <br /> MULE CREEK PIT, 112C Decision Letter <br /> Permit No: File Number M-2000-077 <br /> KNOW ALL MEN BY THESE PRESENTS, THAT: <br /> WHEREAS,the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et se . (the "Act"),as <br /> amended, and the Colorado Land Reclamation Act for the Extraction of Construction Materials, <br /> C.R.S. 34-32.5-101 et M. (the"Act"), as amended, provides that no permit may be issued under the Act <br /> until the Mined Land Reclamation Board(the"Board")receives a performance warranty(or warranties)that <br /> is a written promise to comply with all applicable requirements of the Act. <br /> WHEREAS, PK Enterprises Inc. (the "Operator"), has applied for <br /> a permit to conduct a mining operation known as Mule Creek Pit, 112C Decision Letter <br /> (the "Operation") on certain lands in Teller County, Colorado. These <br /> lands are described in the permit application, as amended and supplemented, and are referred to herein as <br /> the "Affected Lands". <br /> WHEREAS, in its application for the permit, the Operator has agreed to be bound by all <br /> requirements of the Act and all applicable rules and regulations of the Board, as amended from time to time. <br /> WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of <br /> reclamation with regard to those affected lands in Teller County which are now or may <br /> become subject to the permit are those amounts for the stated periods of time as set forth in the financial <br /> warranty,which may be amended from time to time to reflect revised estimates of said costs of reclamation. <br /> WHEREAS, the Operator hereby gives the Board a performance warranty pursuant to <br /> Section 34-32-117(2) or Section 34-32.5-117(2) of the Act, and herein promises the Board that it will <br /> comply with all applicable requirements of the Act with regard to those Affected Lands. <br />