REV03158

• Permit No: M1977376
• IBM Index Class Name: Revision
• Doc Date: 10/22/1992
• Doc Name: FINANCIAL WARRANTY DEED OF TRUST
• Type & Sequence: SO1
• Media Type: D
• Archive: No

STATE OF COLORADO
DIVISION OF MINERALS AND GEOLOGY
Department of Natural Resources
1313 Sherman St.. Room 215
Denver, CO 80203
Phone: [phone]-J 567
FAX: [phone]
Operator:
FINANCIAL WARRANTY
DEED OF TRUST
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Roy Romer
Governor
Michael B. Long
Division Director
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Operation: CANON DOLOMITE QUARRY
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Permit Mo.: M-77-376 - -~ -
KNOW ALL MEN BY THESE PRESENTS, THAT:
WHEREAS, the Colorado dined Land Declamation Act, C.R.S. 1973,
34-32-101 et sea. (the "Act"), as amended, provides that no permit may be
issued under the Act until the Mined Land Reclamation Board (the "Board")
receives a Financial Warranty (or JJarranties) as described in the Act.
WHEREAS, CANYON QUARRY COMP,
"Operator"), a Colorado
permit to conduct a mining operation kn.
(the "Operation"), on certain lands in
Colorado. These lands are described in
are referred to herein as the "Affected
aNY (the
corporation, has applied for a
awn as Canon Dolomite D arrv
Fremont County,
Exhibit A, attached hereto, and
Lands".
'AHEREAS, as part of the application for the permit, the Warrantor
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, in its application for the permit, the Operator has
agreed with the State to provide for reclamation of the Affected Lands
that are now, or may become, subject to the permit, as required by law.
WHEREAS, the Board has determined, in accordance with the Act,
that the estimated costs of reclamation of the Affected Lands are those
amounts for the stated periods of time as set forth herein. Said amount
may be amended from time to time to reflect revised estimates of said
costs of reclamation.
WHEREAS, the Operator, in accordance with the Act, has promised
and hereby promises the Board that it will be responsible for all of the
estimated costs of reclamation with regard to the Affected Lands.
WHEREAS, the Board has determined that the Financial Warranty by
the Operator equals the estimated costs of reclamation, as approved by
the Roard, with regard to the Affected Lands.
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.423 Centennial 8urlding, 1313 Shermari Street Denver, Colorado 80203-2273 Tel. [phone]