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s 5TATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depattawnt of Natural Resources <br />1313 Sherman St., Room 215 RECEIVED <br />Denver, Colorado 80203 <br />Phone: (303) .810 866-3567 <br />F/UC:(3033832.8106 <br />APR 2 8 1995 DlEMARTM Wr of <br />NATUPLAL <br />Division of Minerals & Geology RESOURM <br />Roy Romer <br />Governor <br />lames S. Lochhead <br />Executive Director <br />PERFORMANCE WARRANTY michael a tong <br />Division Director <br />OperatorZ4?D C DCJl?IT'`/ <br />Operation: <br />Permit No: Xl 80 -Ad 9 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, CRS as amended, <br />34-32-101 et se g. (the "Act"), as amended, provides that no permit may be <br />issued under the Act until the Mined Land Reclamation Board (the "Board") <br />receives a performance warranty (or warranties) that is a written promise to <br />comply with all applicable requirements of the Act. <br />- <br />WHEREAS, T (the "Operator"),_has__ <br />applied LJ/(1 for a permit to conduct a mining operation known as 1/r)l7L4c-L? <br />- ;Qy ----------- (the "Operation") on certain lands in ?=?L).45 <br />County, Colorado. These lands are described in the permit application, as <br />amended and supplemented, and are referred to herein as the "Affected Lands". <br />WHEREAS.. in its application for the permit, the Operator has agreed <br />to 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, the Board has determined, in accordance with the Act, that <br />the estimated costs of reclamation with regard to those affected lands <br />in ?Z P,450 County which are now or may become subject to the permit <br />are those amounts for the stated periods of time as set forth in the financial <br />warranty, which may be amended from time to time to reflect revised estimates <br />of said costs of reclamation. <br />WHEREAS, the Operator hereby gives the Board a performance warranty <br />pursuant to Section 34-32-117(2) of the Act, and herein promises the Board <br />that it will comply with all applicable requirements of the Act with regard to <br />those Affected Lands.