2007-11-01_REVISION - M1982121 ‎(2)‎

• Permit No: M1982121
• IBM Index Class Name: Revision
• Doc Date: 11/1/2007
• Doc Name: Return of released & inactive deeds of trust
• From: DRMS
• To: Mid-Continent Resources, Inc
• Type & Sequence: SL1
• Media Type: D
• Archive: No

. STATE 4.-_- ~ O
Nl1V •S ~r~JO~I
MINED LAit1
DEPARTMENT OF NATURAL RESOURC~CLAMATiON dial
MINED LAND RECLAMATION DIVISION
FRED R. BANTA, Director
FINANCIAL WARRANTY AND CONDITIONAL PROMISSORY NOTE
Operator Mid-Continent Resources, Inc.
Operation Mid-Continent Limestone Quarry
Permit No. M-82-121
KNOW ALL MEN BY THESE PRESENTS, THAT:
WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101
et se (the "Act"), as amended, provides that no permit may be issued under
l;Fe~t until the Mined Land Reclamation Board (the "Board") receives a
Financial Warranty (or Warranties) as described in the Act.
WHEREAS, Mid-Continent Resources, Inc. (the "Operator"),
a Delaware corporation, has applied for a permit to conduct
a mining operation known as Mid-Continent Limestone Quarry (the "Operation"),
on certain lands in Garfield County, Colorado. These lands are
described in the perm app ca on, as amended and supplemented, and are
referred to herein as the "Affected Lands".
WHEREAS, as part of the application for the permit, the Warrantor has
agreed to be bound by all requirements of the Act and all applicable rules and
regulations of the Board, as amended from time to time.
WHEREAS, in its application for the permit, the Operator has agreed with
the State to provide for reclamation of the Affected Lands that are now, or
may became, subject to the permit, as required by law.
WHEREAS, the Board has determined, in accordance with the Act, that the
estimated costs of reclamation of the Affected Lands are those amounts for the
stated periods of time as set forth herein. Said amount may be amended from
time to time to reflect revised estimates of said costs of reclamation.
WHEREAS, the Operator, in accordance with the Act, has promised and
hereby promises the Board that it will be responsible for all of the estimated
costs of reclamation with regard to the Affected Lands.
WHEREAS, the Board has determined that the Financial Warranty by the
Operator equals the estimated costs of reclamation, as approved by the Board,
with regard to the Affected Lands.
215 Centennial Building, 1313 Sherman Stree: Denver, Colorado 80203-2273 Tel. [phone]