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STATE OF .COLORADO <br /> DIVISION OF MINERALS AND GEOLOGY <br /> Department of Natural Resources <br /> 1313 Sherman St., Room 215 <br /> Denver,Colorado 80203 D ! v I S : o y <br /> Phone:(303)866-3567 M I N E RA <br /> FAX:(303)832-8106 &— <br /> ®s`� <br /> ® GEOLOI <br /> s� � RE C LA MATI <br /> PERFORMANCE WARRANff#*f NING <br /> *� <br /> SAF <br /> Bill Owens <br /> ACC Governor <br /> C�p�O�b Greg E.Walcher <br /> Executive Director <br /> Continental Materials Corporation Michael B.Long <br /> Operator: Division Director <br /> Operation: <br /> Daniels Sand Pit #2 <br /> Permit No: M-1 973-007—SL-1 <br /> r• <br /> KNOW ALL MEN BY THESE PRESENTS, THAT: <br /> WHEREAS,the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et sec . (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 sea. (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, Continental Materials Corporation (the "Operator"), has applied for <br /> a permit to conduct a mining operation known as Daniels Sand Pit #2 <br /> (the "Operation") on certain lands in E1 Paso 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 E1 Paso 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 />