2007-11-01_REVISION - M1982121 (2)

Home Browse Search

COLORADO DEPARTMENT OF NATURAL RESOURCES MINED LAND RECLAMATION BOARD MINED LAND RECLAMATION DIVISION Room 423, 1313 Sherman Street Telephone: (303) 866-3567 Denver, Colorado 80203 FINANCIAL WARRANTY ~~~~ DEED OF TRUST °~"p~' ? ~~ 1:23 Operator: Mid-Continent Resources, Inc. Operation: Mid-Continent Limestone Quarry MINED L4ND RECLAtMf~ry ' Permit No.: M 82-121 COLA, DEPT, QE ~y~ ~ KNOW ALL MEN BY THESE PRESENTS, THAT: WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101 et seq. (the "Act"), as amended, provides that no permit may be issued under the Act 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 Exhibit A, attached hereto, 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 become 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.