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Kep I aCtlS rW d l.OngLl Ona l YrOlfl ICU t,c i of u~t w/ VeCU ~ i ~ r u~ ~ <br />r in the amount of $7,724,00. <br />of cO<o <br />F~~ ~ X90 <br />,,, of DEPARTMENT OF NATURAL RESOURCES <br />~ ~~4 o-. ~ ` ~..~ t Davitl H. Getches. Executive Director <br />`~~' MINED LAND RECLAMATION DIVISION <br />1876 a DAVID C. SH ELTO N, Director <br />Richertl D. Lamm <br />Governor <br />AMEf1DED TO INCREASE <br />FINANCIAL WAR <br />~~ <br />Operator VALCO, Inc. <br />Operation Pueblo West Pit <br />Permit No. h1-77-573 <br />Y AND CONDITIONAL PROM <br />III III III III IIII III <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101 <br />et seq. (the "Act"), as amended, provides that no permit may be issued under <br />the Act until the Mined Land Reclamation Board (the "Board") receives a <br />Financial Warranty (or Warranties) as described in the Act. <br />WHEREAS, Valco, Inc. <br />a Colorado <br />a mining operatioh known as <br />on certain lands in Pueblo <br />described in Exhibi t <br />"Affected Lands". <br />(the "Operator"), <br />_ corporation, has applied for a permit to conduct <br />Valco Pueblo West Pi,t (the "Operation"), <br />County, Colorado. These lands are <br />ciTed hereto, and are referred to herein as the <br />WHEREAS, as part of the application for the permit, the 'Warrantor has <br />agreed to be bound by all requirements of the Act and all applicable rules and <br />regulations of the Board, as amended from time to tune. <br />WHEREAS, in its application for the permit, the Operator has agreed with <br />the State to provide for reclamation of the Affected Lands that are now, or <br />may become, subject to the permit, as required by law. <br />IJHEREAS, the Board has determined, in accordance with the Act, that the <br />estimated costs of reclamation of the Affected Lands are those amounts for the <br />stated periods of time as set forth herein. Said amount may be amended from <br />time to time to reflect revised estimates of said costs of reclamation. <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 />WHEREAS, the Board has determined that the Financial tarranty by the <br />Operator equals the estimated costs of reclamation, as approved by the Board, <br />with regard to the Affected Lands. <br />423 Centennial Building, 1313 Sherman Street Denver, Colorado 80203 Tel. (303) 866-3567 <br />