Laserfiche WebLink
C1r :t, <br />~ ~ ~d <br />BANK & TRUST <br />Professionally Driven. Community Mit <br />IRREVOCABLE LETTER OF CRl <br />Colorado East Bank and Trust <br />P.O. Box 1019 <br />100 West Pearl <br />Lamar, Colorado, 81052 <br />(719)336-5200 <br />Beneficiary: <br />State of Colorado <br />Mined Land Reclamation Board <br />15 Centennial Building <br />1313 Sherman Street <br />Denver, Colorado, 80203 <br />~`~n~~Dl3 <br />~~ ~~ <br />MAR 12 2008 <br />t)iviaion o. r<acfamati0n, <br />Mining and Safety <br />LETTER OF CREDIT NUMBER: 77 <br />Amount U.S. $ 10,000.00 <br />Date of Issuance : March 6, 2008 <br />Initial Expiration Date: March 6. 2009 <br />Applicant: Riverside Aggregate, LLC (Rudy Torres, Member) <br />1.750 County Road HH <br />Lamar <br />Colorado, 81052 <br />(719) 336-7361 <br />Gentlemen: <br />We hereby issue and establish our irrevocable letter of credit, the amount of which is <br />available by beneficiary's draft: or drafts drawn upon us, which shall be paid at sight, <br />when accompanied by the following document: <br />A written statement of the Director ("the Director") of the Division of Reclamation, <br />Mining and Safety of the State of Colorado ("Division") certifying that he is a duly <br />authorized official acting on behalf of the State of Colorado that the amount of the <br />accompanying sight draft is due and payable to the State of Colorado pursuant to <br />applicable provisions of Colorado statutes governing mined land reclamation and that <br />Riverside Aggregate, LLC or its successor has neglected, failed or refused to pay such <br />amount although requested to do so by the Director. <br />Each sight draft so drawn and presented shall be honored by us if presented prior to the <br />close of business on the expiration date of this letter of credit. The Bank shall make a <br />payment by wire transfer to the Beneficiary. This credit refers to Riverside Aggregate, <br />LLC's application for a permit to engage in mining and reclamation activities within the <br />State of Colorado. <br />Chartered 1905 <br />