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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman 51., Room 215 <br />Denver, Colorado 80203 <br />DIVISION OF <br />Phone: (303) 866-3567 MINERAL S <br />FAX. (303) 832-8106 $t <br />PERFORMANCE WARRANTY G E O L O G Y <br /> RECLAMATION <br /> MINING•SAFETY <br /> Bill Owens <br />Permittee: Colorado Lime Company covernnr <br /> Greg E. Walther <br /> EKecueve Director <br />Operation: Monarch Quarry M¢hael B. Lang <br /> Drvision Dneclor <br />Permit No: M-2000-098 <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 sec . (the "Act"), as amended, provides that no permit may be issued under the Act until <br />the Mined Land Reclamation Board (the "Board") receives a performance warranty (or warranties) that is a <br />written promise [o comply with all applicable requirements of [he Ac[. <br />WHEREAS, Colorado Lime Company (the "Permittee"), has applied for a permit to conduct a mining <br />operation known as Monarch Quarry (the "Operation") on certain lands in Chaffee County, Colorado. These <br />lands are described in the permit application, as amended and supplemented, and aze referred to herein as the <br />"Affected Lands". <br />WHEREAS, in its apphca[ion for the permit, [he Permittee has agreed to be bound by all requirements <br />of the Act and all applicable Hiles 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 [o those affected lands in Chaffee County which are now or may become subject [o <br />the permit are those amounts for the stated periods of time as set forth in the financial warranty, which may <br />be amended from time to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS, the Permittee 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 comply <br />with all applicable requirements of the Act with regard to those Affected Lands. <br />