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• iii iiiiiiiiiiiiiiii • <br />LAND STABLIZATION AND RECLAMATION AGREEMENT <br />THIS AGREEMENT IS entered into this day of <br />1974, by and between THE STATE OF COLORADO, <br />by and through its Director of Natural Resources and the Land <br />Reclamation Board (hereinafter referred to as "State") and <br />ASPHALT PAVING CO., (hereinafter referred to as'Ylsphalt"). <br />WITNESSETH: <br />WHEREAS, Asphalt desires to operate a sand and gravel <br />mine in Sections 4 and 5, T.35., R. 70W, Jefferson County, Colorado, <br />better known as the Ralston Dike Mine; and <br />WHEREAS, Asphalt has submitted a plan on the Proposed <br />`{_,~ ,,~1Land Stablization Bpd Reclamation Procedures for the proposed <br />mine operations; and, <br />WHEREAS, Said Ralston Dike min will be operated <br />%u ~ A-t~ s <br />for the purpose of extracting '~ a or commercial <br />marketing and, ~~j~ <br />WHEREAS, The Colorado Open Mining Land Reclamation <br />Act provides statutory authority for the Land Reclamation <br />Board of the State of Colorado to enter into agreements with <br />operators or persons in charge of mining operations such as <br />those contemplated by Asphalt to insure that the necessary <br />stabilization and reclamation work will be done to prevent <br />landslides, flood or erosion. This section of the law further <br />provides that the Land Reclamation Board requires a performance <br />bond conditioned upon the faitful performance of the stabliza- <br />tion work required by the Board; and, <br />WHEREAS, The land Reclamation Board has determined <br />that the mining operation to be conducted by Asphalt in said <br />Sections 4 and 5 could have an adverse effect on the environ- <br />ment and could result in landslides or erosion if proper <br /> <br />