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~crimond, farmer III IIIIIIIIIIIII III ~~, <br />rkhard D. erimand. c.pi ~-com an 999 ~~ ~. ~,°~ <br />ninny r. ,armor, c:.p.a ~ ~< (30~! 336712E <br />~rd~c aunwrlaiz/e. <br />June 10, 1987 <br /> <br />City of Lamar JUN 111981 <br />P o sox 270 MINED LAND <br />Lamar , CO 81052 RECLAMATION DlVIS!ON <br />Attention: Mayor Reichard <br />RE: Lamar Industrial Park Gravel Pit <br />File #M-87-078 <br />Dear Mayor Reichard: <br />This letter is furnished to you in regard to Colorado Revised <br />Statute Section 34-32-117(3)(a)(VI)(A)(B)(C) in specific <br />regard to the Lamar Industrial Park Gravel Pit application <br />that the City is applying for with the Colorado Mine Land <br />Reclamation Act, Mine Land Reclamation Division. As <br />independent auditors for the City of Lamar we certify that <br />the City of Lamar is the issuer of one or more currently <br />outstanding senior credit obligations that have been rated by <br />nationally recognized rating organizations with said <br />obligation enjoying a rating of "A". We also certify that <br />at the close of Lamar's most recent fiscal year, that being <br />December 31, 1986, Lamar's net xorth per the audited <br />financial statements was equal to or greater than two times <br />the amount of all financial warranties provided by the City <br />of Lamar. Said financial warranties being the amount of <br />warranties relating to the mining operation knows as Lamar <br />Industrial Park Gravel Pit and defined by the applicable <br />Colorado Revised Statutes. <br />Should there be any further information regarding this <br />application, or if we can be of any help, please call. <br />Sincerely, <br />Crimond, Farmer & Co. <br />R.rn.. <br />R. Michael Renken, CPA <br />RMR/lk <br />rrwrrrre.rs a urwrlan rnnnue. of artin.d punk .eeountanb u,d wkrwo oxNty m wnin.d pock .oeourtrrb <br />