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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of NaNnl Resources <br />1313 Sherman SL, Room 2,s RECElVE~ coLORAOo <br />Denver, Colorado 80203 <br />' <br />~ D I v I f 1 o N O F <br />M [ N RA L S <br />lrwre: D03) 66fr3ss~ <br />l - <br />FAX: (3031 831.8706 ty. <br />yr,T '~ Z~ G E O O G Y <br /> <br />Divifion of Minerals and C,ealugr IICLAMAr10N•NININp <br />'"rlrr•scrlNCl <br /> FIIYANCIAI. WARRANTY BIII OAent <br />Goemor <br /> LETTER OF CREDIT R'"i0 ~' <br /> Exec>tde Dln:ctor <br /> ItrawN w. Canaor <br />- owlrlm OlNttor <br /> Nalual Rerowce TruNee <br />Operator. L & L Read v Mix <br />Operation: <br />Sunny Dale <br />Farm Pit <br /> <br />PeimitNo.: M-1998-059 <br />B~: The First National Bank of Fleming <br />Street; 201 North Logan, P.O. Box 408 <br />City: FlPmina_ <br /> <br />State: Colorado Zip Code: 80728 <br />Area Code: 970 Telephone: 265-2555 <br />This jorra has been approved by the Mined Land Reeiamaton Board pursnant to sections 34-31-I17, C R.J., <br />of tht Mined Land Redamation Ad and 34-32.5-117, CR.S., of the Colorado Land Rectamotlon Ad for the <br />Extraction of Construction Materials. Any alteration or mod~eation ojthis jorm, without approval by the <br />Board shall resnll In the JJnanelol warranty being invalid and result in the voiding ojany permit Issued in <br />conjunction with such JnvalJd flnanclai warranty and sabjeM the operator to cease and desist orders and cif•Jl <br />penalties jar operatiog without a permit pursuant to sections 34-32-123, C.R.S., of the Mined Land <br />Reclamation Act and 34-32.5-113, C.R.S, of the Colorado Land Reclamadon Act for the Extraction of <br />Constractlan Materials. <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101 gt sew.. (the "Act"), as <br />amended, provides that no permit maybe issued under the Act until the Mined Land Reclamation Board (the <br />"Board") receives a Financial Warranty (or Warranties) as described in the Act. <br />VVIIEREAS L & L Ready Mix (the "Operator"), a <br />sole proprietor a~w, has applied for a permit to conduct a mining operation (mown as <br />Sunny Dale Farm Pit (the"Operation"), on certain lands in Phillips <br />County, Colorado. These lands are described in the perrnit application, as amended and supplemented, and are <br />referred to herein as the "Affected Lands". <br />WHEREAS, as part ofthe application for the permit, the Operator has agreed to be bound by all requirements <br />ORIce of Office of Colorado <br />Mined land Reclamation Alive and Inactive Ming Gcolo8lal Survey <br />