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STATE OF COLORADO DIVISION OF MINERALS AND GEOLOGY Department of Natural Resources 1313 Sherman St., Room 215 Denver, Colorado 80203 Phone: (303) 866-3567 FAX: (303) 832-8106 ReCEIVED 'JUL 2 2 1999 Division of Minerals & Geology Alk 01 V 15?1ON OF MINERALS G EOLO.GY RECLAMATION MINING-SAFETY Bill Owens Governor Greg E. Walther PERFORMANCE WARRANTY Executive Director Michael B. Long Director Operator: Sand Land, Inc. Operation: Kurtz Resource Recovery and Land Development Project Permit No: M99-006 KNOW ALL MEN BY THESE PRESENTS, THAT: WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 34-32-101 el e=. (the "Act"), as amended, and the Colorado Land Reclamation Act for the Extraction of Construction Materials, C.RS. 34-32.5-101-q sec . (the "Act"), as amended, provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the "Board") receives a performance warranty (or warranties) that is a written promise to comply with all applicable requirements of the Act. WHEREAS, Sand Land, lnc. (the "Operator"), has applied for a permit to conduct a mining operation known as Kurtz Resource Recovery and Land Development Project (the "Operation") on certain lands in Weld County, Colorado. These lands are described in the permit application, as amended and supplemented, and are referred to herein as the "Affected Lands". WHEREAS, in its application for the permit, the Operator has agreed to be bound by all requirements of the Act and all applicable rules and regulations of the Board, as amended from time to time. WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of reclamation with regard to those affected lands in Weld . County which are- now or may become subject to the permit are those amounts for the stated periods of time as set forth in the financial warranty, which may be amended from time to time to reflect revised estimates of said costs of reclamation.