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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 />DIVISION O F <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 tVt 1 N E RA L $ <br />FAX: (303) 832-8106 & <br /> GEOLOGY <br /> 0.EC CAMATION <br /> PERFORMANCE WARRANTY MINING • S A F E T Y <br />' Bill Owens <br /> Governor <br /> Greg E. Watcher <br />' ~ Executive Direcor <br /> Ronald W. Cattany <br />Operator: Loukon en Bros. Stone Company Acting Division Director <br />Operation: Starks Ouarry <br />Permit No: <br />HIVOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et seg. (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 seg. (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, Loukonen Bros. Stone Company (the "Operator"), <br />has applied for a permit to conduct a mining operation known as Stazks Ouarrv (the "Operation") on <br />certain lands in Larimer County, Colorado. These lands aze described in the permit application, as <br />amended and supplemented, and are referred to herein as 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.Boazd, 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 Larimet County which are now or may become <br />subject to the permit are those amounts for the stated periods of time as set forth in the financial warranty, <br />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 wilt <br />comply with all applicable requirements ofthe Act with regard to those Affected Lands. <br />