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4 <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: 13031 832-8106 <br />lleco VEFt) DE PA -MIEN T OF <br />ATURAL <br />MAY 19 2nnn R ES <br />OURCES <br />FINANCIAL WARRANTY <br />LETTER OF CREDIT <br />OvIslon of Minerals & Geology Roy Romer <br />Governor <br />lanxs S. Lochhead <br />Executive Director <br />Michael S. Long <br />Division Director <br />Operator: TRI COUNTY GRAVEL <br />Operation: TRI COUNTY GRAVEL 331 j SI,.c1?Z <br />Permit No.: M - 1977-205 <br />Bank: FIRST STATE BANK OF HOTCHKISS <br />Street: P 0 BOX 38 <br />City: HOTCHKISS, <br />State: COLORADO Zip Code: 81419 _ <br />Area Code: 970 Telephone: 872-3.111 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S: 1973, 34-32-101 <br />et seg. (the "Act"), as'amended, provides that no permit may be issued under <br />the Act until the Mined Land Reclamation Board (the "Board") receives a <br />Financial Warranty (or Warranties) as described in the Act. <br />a <br />WHEREAS, •TRI COUNTY GRAVEL <br />v <br />corporation, has applied for a permit <br />(the "Operator"), <br />to conduct a mining <br />operation known as TRI COUNTY GRAVEL . (the "Operation"), on certain <br />lands in DELTA County, Colorado. These lands are described <br />in the permit,application, as amended and supplemented, and are referred to <br />herein as the "Affected Lands". <br />WHEREAS, as part of the application for the permit, the Operator has <br />agreed 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, in its 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 become, subject to the permit, as required by law.