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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 C O L O R A D O <br /> D [V 1 S t O N Of <br /> Phone:(303)866-3567 RECLAMATION <br /> FAX:(303)832-8106 MINING <br /> —&— <br /> SAFETY <br /> FINANCIAL WARRANTY <br /> LETTER OF CREDIT <br /> Operator: Skoglund Excavating Inc. <br /> Operation: Rancho Rosado <br /> Permit No.: M-1985-085 <br /> Bank: Alamosa State Bank <br /> Street: 2225 Main Street <br /> City: Alamosa <br /> State: Colorado Zip Code: 81101 <br /> Area Code: 719 Telephone: 589-2564 <br /> This form has been approved by the Mined Land Reclamation Board pursuant to sections 34-32-117, C.R.S., <br /> of the Mined Land Reclamation Act and 34-32.5-117, C.R.S., of the Colorado Land Reclamation Act for the <br /> Extraction of Construction Materials. Any alteration or modification of this form, without approval by the <br /> Board shall result in the financial warranty being invalid and result in the voiding of any permit issued in <br /> conjunction with such invalid financial warranty and subject the operator to cease and desist orders and civil <br /> penalties for operating without a permit pursuant to sections 34-32-123, C.R.S., of the Mined Land <br /> Reclamation Act and 34-32.5-123, C.R.S., of the Colorado Land Reclamation Act for the Extraction of <br /> Construction Materials. <br /> KNOW ALL MEN BY THESE PRESENTS, THAT: <br /> WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101 et seg. (the "Act"), as <br /> amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the <br /> "Board")receives a Financial Warranty(or Warranties) as described in the Act. <br /> WHEREAS, Skoglund Excavating Inc. (the "Operator"), a <br /> Colorado corporation, has applied for a permit to conduct a mining <br /> operation known as Rancho Rosado (the"Operation"),on certain lands in <br /> Saguache County,Colorado.These lands are described in the permit application,as amended <br /> and supplemented, and are referred to herein as the "Affected Lands". <br /> Office of Office of <br /> AA:.—..4 1,...d Dn.-1-..n-..inn flnn..nr . !'r�na I..nnf:nn . Il..r-.nnn d.-•..........J I..-..-.�..n AAi..nr <br />