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<br />OF ~ CUlp <br />he,,~ ~ O <br />N O <br />-c., U # <br />~s~s <br />Richard D. Lamm <br />Governor <br />Mined <br />~i~INN R~ ETA ayp uY ~,~ Reclama <br />~eEO T~1£ta~,sy~ FINANCIAL WARRANTY: <br />pEposrt~~o"~g~~dx--CHECK FOR DEPOSIT IN STATE TREASURY <br />e~'/ <br />Operator Fred Lowry 625 Illinois - Salida, <br />Operation _Lily Mines _ _ _ _ _ _ _ <br />Permit No. M-87-028 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C <br />et sec. (the "Act"), as amended, provides that no permit <br />the Act until the Mined Land Reclamation Board (the "Bo~ <br />financial warranty (or warranties) as described in thy, <br />WHEREAS, <br />Fred lover <br />a i <br />permit to conduct a mining operation known <br />(the "Operation"), on certain lands in C <br />These lands are described in Exhibit~A, ~ti <br />herein as the "Affected Lands." <br />WHEREAS, in the application far th ermit <br />bound by all requirements of the Act 11 appl <br />of the Board, as amended from time to me. <br />Col <br />197 34-32-101 <br />sued under <br />ewes a <br />/ (the "Operator), <br />T to, and ar referred to <br />Operator has agreed to be <br />le rules and regulations <br />has applied for a <br />y Min , <br />ount Colorado. <br />WHEREAS, in the application f' the permit he perator has agreed with <br />the Board to provide for reclamati n f the Affe Lands, that are now or <br />may become subject to the permit as required by law. <br />WHEREAS, the Board has termined in accordance with the Act that the <br />estimated costs of reclamati n of the Affected Lands are those amounts for the <br />stated periods of time as t forth herein. Said amount may be amended from <br />time to time to reflect r vised estimates of said costs of reclamation. <br />WHEREAS, the Board has determined that the financial warranty by the <br />Operator equals the estimated costs of reclamation, as approved by the Board, <br />with regard to the Affected Lands. <br />WHEREAS, the Operator, in accordance with the Act has promised and <br />hereby promises the Board that it will be responsible for all of the estimated <br />costs of reclamation with regard to the Affected Lands. <br />423 Centennial Building, 1313 Sherman Street <br /> <br />DEPAR7MENTOFNATURE III IIIIIIIIIIIIIIII ~~~I~/~D <br />David H. Gatchea, Executive Difsctof 999 v <br />MINED LAND RECLAMATION DIVISION <br />DAVID C. SHELSON, otreaor OCT 2 2 X991 tea, <br />Denver, Colorado 80203 Tel. (30~~) 866-3567 <br /> <br />