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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1373 Sherman St., Room 215 <br />Denver, Colorado 80203 D[ v 15 t O N o r <br />Phone: (303) 866-3567 lVt I N E RA L $ <br />FAX: (303) 832-8106 & <br /> GEOLOGY <br />PERFORMANCE WARRANTY M EN I N GMS AA F EDT Y <br /> Bill Owens <br /> Governor <br />Permittee: Baca County Greg f. Wal<her <br /> Executive Director <br />Operation: Re-open gravel pit #18 Pipe Springs Ranch LLC W <br />o~~ sio <br />~M <br />°Y <br /> n <br />Di <br />O <br />Permit No: M-2003-019 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 et seg. (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 seg. (the "Act"), as amended, provides that no permit maybe issued under the Act <br />until the Mined Land Reclamation Boazd (the "Boazd") receives a performance warranty (or warranties) <br />that is a written promise to comply with all applicable requirements of the Act. <br />WHEREAS, Baca County (the "Permittee"),has applied for a permit to conduct a mining operation <br />known as Re-open gravel pit #18 Pipe Springs Ranch LLC (the "Operation") on certain lands in Baca <br />County, Colorado. These lands are described in the permit application, as amended and supplemented, and <br />aze refereed to herein as the "Affected Lands". <br />WHEREAS, in its application for the permit, the Permittee has agreed to be bound by all <br />requirements of the Act and all applicable rules and regulations of the Boazd, as amended from time to <br />time. <br />WHEREAS, the Boazd has determined, in accordance with the Act, that the estimated costs of <br />reclamation with regard to those affected ]ands in Baca County which aze now or may become subject to <br />the permit are those amounts for the stated periods of time as set forth in the financial warranty, which may <br />be amended from time to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS, the Permittee hereby gives the Boazd a performance warranty pursuant to <br />Section 34-32-117(2) or Section 34-32.5-1 I7(2) of the Act, and herein promises the Boazd that it will <br />comply with all applicable requirements of the Act with regard to those Affected Lands. <br />NOW, THEREFORE, the Permittee hereby promises the Board that it will comply with al] <br />applicable requirements of the Act and rules and regulations of the Boazd with respect to the Affected <br />Lands. <br />