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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman 51., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303)866-3567 <br />FAX: (303)832-8106 <br />PERFORMANCE WARRANTY <br />Permittee: Adams County RV Park, LLC dba 124th Estates Partners <br />Operation: 124th Estates Sand and Gravel Mine <br />Permit No: M-2001-085 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />DIVISION OF <br />MINERALS <br />GEOLOGY <br />RECLAMATION <br />MINING•SAF ETY <br />Bil I Owens <br />Governor <br />Greg E. Walther <br />Ezeculive Director <br />Michael B. Long <br />Division Dueclor <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et sec . (the "Act"), as <br />amended, and the Colorado Land Reclamation Act for the Extraction of Construction Materials, <br />C.R.S. 34-32.5-101 et ~. (the "Act"), as amended, provides that no permit may be issued under the Act until <br />the Mined Land Reclamation Board (the "Board") receives a performance warranty (or warranties) that is a <br />written promise to comply with all applicable requirements of the Act. <br />WHEREAS,.Adams County RV Park, LLC dba 124th Estates Partners (the "Permittee"), has applied <br />for a permit to conduct a mining operation known as 124th Estates Sand and Gravel Mine (the "Operation") <br />on certain lands in Adams County, Colorado. These lands are described in the permit application, as amended <br />and supplemented, and are referred to herein as the "Affected Lands". <br />WHEREAS, in its application for the permit, the Permittee has agreed to be bound by all requirements <br />of the Act and all applicable rules and regulations of the Board, as amended from time to time. <br />WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of <br />reclamation with regazd [o those affected lands in Adams County which are now or may become subject [o the <br />permit are those amounts for the stated periods of time as set forth in the financial warranty, which may be <br />amended from time to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS, the Permittee hereby gives the Board a performance warranty pursuant to <br />Section 34-32-117(2) or Section 34-32.5-117(2) of the Act, and herein promises the Board that it will comply <br />with all applicable requirements of the Act with regard to those Affected Lands. <br />