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<br />:~ <br />_~_ <br />MINED LAND RECLAMATION DIVISI III IIIIIIIIIIIIIIII ATE <br />Department of Natural Resources <br />1373 Sherman St.. Room 215 <br />Denver, CO 80203 <br />303 866-3567 ~ <br />Fax. 303 832-6706 <br />~aFg. <br />oats... • 9~ ~', <br />~~~/a~ FINANCIAL WARRANTY <br />~~ <br />CER P D SIT <br />Operator <br />Operation <br />OF COLORADO <br />OF'CO~O <br />~Q%~\qv <br />. ,; \a <br />„ ,~ o <br />r8'le ~ <br />Roy Romer, <br />Governor <br />Fred R. Banta. <br />Divieion D:reclor <br />Permit No. ~. - ~~ ~-,, <br />Bank ~)„,~-~D C~~.,\1 ek n,rra~a o 43 1390 . <br />m~rvED LAND <br />KNOW ALL'MEN BY THESE PRESENTS, THAT: -,-~t•AMATION DIVISION <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101, <br />et s~egg. (the "Act"), as amended, provides that no permit may be issued under <br />~Tie~ct until the Mined Land Reclamation Board (the "Board") receives a <br />Financial Warranty (or Warranties) as described in the Act. <br />WHEREAS, Y;L oscf <br />a ~ ~ corporation, has <br />to conduct a mining operation known as ~[ \~orn~o- Q,lo~ <br />"Operation"), on certain lands in (~,,,.,,,, Cou <br />lands are described in the permit ap rp ip ca io as amended <br />and are referred to herein as the "Affected Lands". <br />_ (the•"Operator), <br />applied for a permit <br />(the <br />qty, Colorado. These <br />and supplemented, <br />WHEREAS, in the application for the permit, the Operator has agreed to <br />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, in the application for the permit, the Operator has agreed with <br />the Board to provide for reclamation of the Affected Lands that are now, or <br />may became, subject to the permit, as required by law. <br />WHEREAS, the Board has determined, in accordance with the Act, that the <br />estimated costs of reclamation of the Affected Lands are those amounts for the <br />stated periods of time as set forth herein. Said amount may be amended from <br />time to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS, the Operator, in accordance with the Act,-has promised and <br />hereby_Promises the~Board that it will be responsible for all the estimated <br />costs of reclamation with regard to the Affected Lands. <br />WHEREAS, the Board hes determined that the Financial ,Warranty.by the <br />Opera to r.equals the estimated costs .of reclamation, as approved by the Board, <br />with regard to the AffeCted.Lands. <br />