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1 <br />STATE OF COLORADO <br />Roy Romer, Gove <br />DEPARTMENT OF NATURAL RESOURCES <br />MINED LAND RECLAMATION DIVISION <br />FRED R. BANTA, Dlnetor <br />PERFORMANCE WARRANTY <br />Operator: James E. Camilletti <br />Operation: Camilletti Pit <br />Permit No: M-87-164 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S., 34-32-101 <br />et seqq. (the "Act"), as amended, provides that no permit may be issued under <br />1Tie~ct until the Mined Land Reclamation Board (the "Board") receives a <br />performance warranty (or warranties) that is a written promise to comply with <br />all applicable requirements of the Act. <br />WHEREAS, James E. Camilletti (the "Operator"), has applied for a <br />permit to conduct a mining operation known as Camilletti Pit (the "Operation") <br />on certain lands in Routt County, Colorado. These lands are described in the <br />permit application, as amended and supplemented, and are referred to herein as <br />the "Affected Lands." - <br />WHEREAS, in its application for the permit, the Operator has agreed <br />to be bound by all requirements of the Act and all applicable rules and <br />regulations of the Board, as amended from time to time. <br />WHEREAS, the Board has determined, in accordance with the Act, that <br />the estimated costs of reclamation with regard to those affected lands in <br />Routt County which are now or may become subject to the permit are those <br />amounts for the stated periods of time as set forth in the financial warranty, <br />which may be amended from time to time to reflect revised estimates of said <br />costs of reclamation. <br />WHEREAS, the Operator hereby gives the Board a performance warranty <br />pursuant to Section 34-32-117(2) of the Act, and herein promises the Board <br />that it will comply with all applicable requirements of the Act with regard to <br />those Affected Lands. <br />NOW, THEREFORE, the Operator hereby promises the Board that it will <br />comply with all applicable requirements of the Act and rules and regulations <br />of the Board with respect to the Affected Lands. <br />FURTHER, the Operator hereby promises the Board that it will comply <br />with all of the terms of the application fora permit, as amended and <br />supplemented, as well as ar(y conditions attached to the permit by the Board. <br />423 CentenniaV Building, 1313 Sherman Street Denver, Colorado 80203-2273 Tel. (303) 866-3567 <br />