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• <br />• <br />STATE OF COLORADO <br />MINED LAND RECLAMATION DIVISION <br />Department of Natural Resources <br />1373 Sherman St., Room 215 <br />Denier. CO 60203 <br />303 866.3567 <br />Fax: 303 832.8106 <br />OF ~~fp <br />'~.~~~~4 <br />~~ JyCilti• to <br />e p <br />. ^Z..~,-~ j~ . <br />• ~-i-s" <br />~ /9'r6 ~ <br />Rol' Ramw. <br />Go~ara <br />r FreE R. Banta. <br />Division Dieotor <br />FINANCIAL WARRANTY <br />CER SIT <br />• <br />Operator Sand Creek Farms, Inc. <br />Operation Sand Creek Mine <br />Permit No. M-92-038 <br />• Bank First Security Bank - Brush <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101, <br />• et seq. (the "Act"), as amended, provides that no permit may be issued under <br />t~ie~Cct until the Mined Land Reclamation Board (the "board") receives a <br />Financial Warranty (or Warranties) as described in the Act. <br />WHEREAS, Sand Creek Farms, Inc. (the °Operator), <br />• a Colorado corporation, has applied for a permit <br />to conduct a mining operation known as sand creek Mine (the <br />"Operation"), on certain lands in Adams County, Colorado. These <br />lands are described in the permit app ica ion, as amended and supplemented, <br />and are referred to herein as the "Affected Lands". <br />• WHEREAS, in the application for the permit, the Operator has agreed to <br />be bound by all requirements of the Act and all applicable rules and <br />regulations of the Board, as amended from time to time. <br />WHEREAS, in the application for the permit, the Operator has agreed with <br />• the Board to provide for reclamation of the Affected Lands that are now, or <br />may becane, subject to the permit, as required by law. <br />WHEREAS, the Board has determined, in accordance with the Act, that the <br />estimated costs of reclamation of the Affected Lands are those amounts for the <br />stated periods of time as set forth herein. Said amount may be amended from <br />• time to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS, the Operator, in accordance with the Act, has promised and <br />hereby promises the Board that it will be responsible for all the estimated <br />costs of reclamation with regard to the Affected Lands. <br />• WHEREAS, the Board has determined that the Financial Warranty by the <br />Operator equals the estimated costs of reclamation, as approved by the Board, <br />with regard to the Affected Lands. <br />• <br />