2002-06-17_REVISION - M1981307 - Laserfiche WebLink

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-4- IV. RECITALS I. On 5/T~ I RRq Permit Number ~'~~8~' ~7 was granted to ~~EUF~2u 61nFilt~ Gnnsi+t~lJ~1uC. (existing operator)!"Permittee"),puisuantto which Pemrittce has bcen conducting a mining operation in the County of LL PA5 a .State of Colorado. 2. Permittee wishes to assign the permit to Marge west, Inc. (new operators as Successor Operator ("Suceesso~') and Successor wishes to berume Successor Pertnittee under the permit. , 3. Successor understands that the reclamation plan (the "Plan's required by the permit and by applicable State laws and regulations has not been completed and is willing to assume full responsibility for the completion of the Plan. V. AGREEMENTS Pennittee and Successor hereby agree, for their own benefit and for the benefit of the State, such agreements to be effective ~ a o upon the approval by the State of the transfer of the Permit from Permittee to Successor, as follows: 1. Successor has inspected the mining and reclamation operations to its entire satisfaction and is fully aware of the conditions thereof. Successor understands and accepts all of the conditions of the Permit. 2. Successor will wmplcte the reclamation plan, and hereby assumes liability for completing such plan as to all areas herexofore disturbed, as well as to all areas hereafter disturbed. Successor will perform all of the obligations of the Permittce under the Pemut which have not heretofore been performed by Permittee. 3. Successor hereby tenders to the State its attached Performance and Financial Warranties', which are to be substituted for the Performance and Financial Warranties heretofore filed by the Permittee, effective upon the release ofthe latter Warranties. 4. Successor represents to the State that, to the best of its knowledge, information and belief, it is not in violation of any of the provisions of the Colorado Mined Land reclamation Act with respect to any other operation conducted by it in the State of Colorado. Pernittee and Successor hereby request the Slate to consent to the assignment of the Permit, to recognize Successor as Successor Operator under the Permit, and to accept the tendered substitute Performance and Financial Warranties in place of the Warranties presently on file with the State.