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1 <br />~1 <br />1E <br />t <br />hi <br />I <br />' ~~` <br />~`'.' <br />III IIIIIIIIIIIIIIII • <br />T1-I~: C11'17E~S S".fA'1'l; 13n~1~ <br />-= O:BRAY <br />O t11~T l~Y COI.U {~AUO <br />February 7, ]977 <br />61a~•lin ~'. Junr..s, District Mana;;ac <br />Bureau of Land Danagement <br />PO Box 1269 <br />Montrose, Colorado 81401 <br />Re <br /> <br />Dear Mr. Jones: <br />Escxoly for Ouray Co~inty Commissioners/ <br />Bureau of Land hlanagement <br />TiTis is to notify you that an escrow has been establislTed in lieu <br />~' of a performance bond which you requested fron the Ouray County Commissioners. <br />~~ Please be advised that The Citizens State Ba:~': o£ Ouray is I:oldinS a t'.~~c <br />certificate of depusit in the name of Ouray County in the amount of 52,000.00. <br />l <br />i' <br />i <br />? i ~~ <br />~! <br />.I' <br />II' <br />y; . <br />'I' <br />~I <br />~' <br />., <br />•I , <br />~I <br /> <br />Y <br /> <br /> <br />~..- d.. ~ 4S I~ D <br />AUG 1 7 1y18 <br />We confirm by this letter that the $2,000.00 certificate of deposit <br />mentioned above will be held in escrow for the benefit of rile United St:~.res <br />government tlTrough the Bureau of Lard hlana;emrnt, 7'he $2,000.00 sum will I.c ~ ~~ <br />paid to the bureau of Land Management upon presentation o.~ satisfactory hr~of <br />tltiat Ouray County has failed, upon completicn of use of the arua, to comply <br />tiaith the recl:uaation requirements of BIM Free Use Permit, Serial ~C-I'J3i8 (a <br />copy of which is attabhed to and made a part of this letter. <br />The escrow may be terminated by release of the certificate to the <br />Ouray County Commissioners upon termination of the p~.rmit and final recla.~:~.- <br />tion in accordance with its terms. The obligations of this letter shall t~:rm- <br />inate and tlTe certificate may be paid to Ouray County if, at any time, a ;~.~rmit <br />is issued by the Bureau of Land i•lanagement to any third party for t:se of ~lTe <br />gravel under permit. iYe.request that you notify us within sixty (GO) days <br />whether the terms of this escrow are acceptable to you. If are do not receive <br />this confiination, we iai11, aL its request, release the certificate to the <br />Board of County Commissioners of Ouray County. <br />Very trul}• yours, <br />TFIE CITI`oE~S STATE BBL\K OF OUnAI' <br />it ~~ !" ... .~y1 ~ ~ it r ~1 - <br />By Davicl G. Hood, Vresident ~~ <br />DGIY/sr <br />MI^!~'D LAND RECLP'VAtION <br />Ce!:;. DEpC. Oi IV3Wrdl ~;esarces <br />•.. <br />~~! <br />.~ <br />