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MINED LAND RECLAMATION DIVISION <br />Department of Natural Resources <br />1313 Sherman St.. Room 215 <br />Denver. CO 80203 <br />303 866 -3567 <br />Fax. 303 832-8106 <br />.1. ^05.'1 <br />PERFORMANCE WARRANTY <br />Operator: <br />Operation: <br />Permit No: <br />LA PLATA COUNTY <br />MARVEL PIT <br />M -77 -575 <br />111 J 111 <br />STATE OF COLORADO <br />Roy Romer. <br />Governor <br />Freo R. Banta. <br />Division Dire.•:or <br />RECEIVED <br />' R 1519 1 <br />mad-Land— <br />Reclamation Division <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, CRS as amended, <br />34-32-101 et seq. (the "Act "), as amended, provides that no permit may be <br />issued under }Fie` Act until the Mined Land Reclamation Board (the "Board") <br />receives a performance warranty (or warranties) that is a written premise to <br />comply with all applicable requirements of the Act. <br />WHEREAS, La Plata County (the "Operator "), has <br />applied for a permit to conduct a mining operation known as Marvel Pit <br />(the "Operation ") on certain lands in Sec. 22, 733N, R12W <br />County, Colorado. These lands are described in the permit app zl cation, 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 L a Plata 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. <br />