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HomeMy WebLinkAbout891312.tiff ARd3D9a4n RESOLUTION RE: APPROVE PERFORMANCE GUARANTEE AGREEMENT WITH WIXCO SERVICES , � OO INC. 0 -4 p WHEREAS, the Board of County Commissioners of Weld County, 0 Colorado, pursuant to Colorado statute and the Weld County Home P Rule Charter, is vested with the authority of administering the 0 W affairs of Weld County, Colorado, and a o x WHEREAS, Wixco Services, Inc. , is the owner and holder of a is- W Certificate of Designation for a biomedical waste incineration 2 facility on property described as part of the SEi of Section 32, 0 Township 3 North, Range 65 West of the 6th P.M. , Weld County, d w Colorado, and N N 'a WHEREAS, a Performance Guarantee Agreement has been presented '-' a to the Board for its consideration, with the terms and conditions N W being as stated in said Performance Guarantee Agreement, a copy rn U being attached hereto and incorporated herein by reference, and 0z OH WHEREAS, after study and review, the Board deems it advisable ,S EW., and in the best interests of Weld County to approve said '4 a Performance Guarantee Agreement. W a W NOW, THEREFORE, BE IT RESOLVED by the Board of County co w Commissioners of Weld County, Colorado, that the hereinabove 0 z mentioned Performance Guarantee Agreement with Wixco Services, (NI ,*4 Inc. , be, and hereby is , approved. 0 oz The above and foregoing Resolution was, on motion duly made z and seconded, adopted by the following vote on the 18th day of 0 December, A.D. , 1989 . ui c BOARD OF COUNTY COMMISSIONERS w ATTEST: WELD COUNTY, COLORADO Weld County C rk and Recorder and CI k ,te, the Board C .W. "Kirby, airman •} a S, �nn � EXCUSED DATE OF SIGNING - AYE BY: }XJGf y,`.QQ, Gen R. Brantner, Pro-Tem Deputy runty C_erk 4 ort APPROVED AS TO FORM: Co ceL. Barber i ; i ( / George Kerr dy —. e_ , f,�� c > , ( County Attorney __ Go L y 891312 PERFORMANCE GUARANTEE AGREEMENT THIS AGREEMENT made and entered into this 18th day of December , 1989 , by and through the County of Weld , State of Colorado , acting through its Board of County Commissioners , 1/40 p hereinafter called "County" and Wixco Services, Inc. , hereinafter o U called "Applicant" . NO q WITNESSETH: w WHEREAS , Applicant has entered into a lease with Tire oc4 Mountain , Inc . to use a portion of the Tire Mountain Inc . w location as a biomedical waste incineration facility; and ca o WHEREAS , Tire Mountain is the owner and holder of a • Certificate of Designation for a tire landfill , storage and (-4 recycling facility and a Use by Special Review (Amended USR-842) ; .. o and N z ry a WHEREAS , Wixco Services , Inc . holds a Certificate of a Designation for a biomedical waste incineration facility; and orzi WHEREAS, the subject property is located in part of the H Southeast Quarter ( SEI ) of Section Thirty-two ( 32 ) , Township HI a Three ( 3 ) North, Range Sixty-five ( 65 ) West of the 6th P.M. , Weld • County, Colorado; and a vs, w cow WHEREAS , by resolutions approved on August 30, 1989 by the z County , the Applicant was required to enter into a new Performance Guarantee with the County providing for ( 1) closure 0 of the subject permitted property, ( 2 ) contamination and ( 3 ) w c4 emergency response; and x WHEREAS , Applicant shall guarantee the performance of the CO said three issues: re) r ti � w NOW, THEREFORE, in consideration of the foregoing and of the acceptance and approval of said Use by Special Review and Certificate of Designation, the parties hereto promise, covenant and agree as follows: 1 . 0 Closure of Facility : Closure of the facility will be performed in accordance with the most recent version of the Applicant ' s Closure Plan Policy ( Applicant ' s Policy Number WXSV203 attached hereto as Exhibit "A" ) , which has been approved by the County. The closure will be accomplished in accordance with Weld County requirements in place at the time of closure , in accordance with regulations as promulgated by the Colorado Department of Health , Hazardous Material and Waste Management Division , and in accordance with the Certificate of Designation and Amended Use by Special Review as approved on August 30 , 1989 . 1 891312 2 . 0 The site will be closed after all on-site material has been burned. It is noted that no material should be left on site pursuant to the Applicant ' s closure procedure, however, should any material be left it will be of minor quantity and will be sent to an approved medical waste incinerator in Colorado, South o Dakota or Oklahoma. The cost to dispose of one thousand ( 1 , 000 ) o pounds of possible residual medical waste and to dispose of any M o remaining ash is estimated to be $ 500 . 00 . The Applicant is providing an amount of $1 , 000 . 00 in the closure plan to cover this eventuality. q 0 C 0 3 2 . 1 Instances of contamination and events requiring o a emergency response will be attended to and remediated in 6 accordance with the most recent version of the Applicant ' s q Contamination and Emergency Response Policy ( Applicant ' s Policy o Number WXSV204 attached hereto as Exhibit "B " ) and the z Applicant' s Spill Control Procedures ( Applicant ' s Policy Number N WXSV206 attached hereto as Exhibit "C" ) . In general all contamination instances and events involving an emergency z response which require attention by Wixco staff will be N remediated by trained personnel . The remediation will be CA u accomplished in accordance with Wixco published policies which In are written in accordance with the appropriate regulations C:) H promulgated by OSHA, CDC, EPA, State of Colorado and as approved • H by the County. HCO W 3 . 0 Abandonment closure will include (1) removing all ash w and waste material and ( 2 ) disinfecting the equipment and that portion of the building occupied by the Applicant. Subsequent to o z the disinfection step , the equipment will be dismantled and N 4 hauled to 5906 McIntyre Street , Golden , Colorado which is the O a property occupied by the owner of the kiln . The estimated cost CJ w to remove the ash and waste material, to disinfect the equipment x g and building and to dismantle and transport the equipment is C- N $5,700 . 00 . CO r- 3 . 1 The applicant has estimated the expense to remediate CO w certain contamination instances and other events requiring emergency response by Wixco staff and other emergency personnel. The estimated costs for such events are estimated not to exceed the sum of $8 ,000 . 00. 3 . 2 The events of abandonment/closure, contamination and emergency response cannot occur concurrently under the Wixco closure policy . It is therefore not necessary to add the estimated remediation amounts of each of the events . Accordingly , the Applicant shall provide a continuing sum of $8, 000 . 00 plus a contingent amount of $2 , 000 . 00 pursuant to this agreement as a guarantee for performance. 2 891312 4 . 0 Guarantee: This guarantee in the amount of $10,000 .00 shall be paid 10 days before the facility is to start its test burn operation and shall remain in place and continue for the life of the facility and until final closure has occurred. 5 . 0 Release of Liability : Applicant shall indemnify and v> ohold harmless the County from any and all liability, loss and -1 () damage County may suffer as a result of all suits , actions or claims of every nature and description caused by, arising from, `" o U or on account of said design and construction of improvements, o and pay any and all judgments rendered against the County on a o w account of such suit , action or claim , together with all 0 3 reasonable expenses and attorney fees incurred by County in o a defending such suit , action or claim whether the liability, loss +Arw or damage is caused by, or arises out of the negligence of County z or its officers , agents , employees or otherwise except for the u liability, loss or damage arising from the intentional torts of wx the gross negligence of the County or its employees while acting e, within the scope of their employment •• w N .ix 5 . 1 Applicant shall indemnify and hold harmless the w Platteville Fire Protection District from any and all liability, w cn N Q loss and damage that Platteville Fire Protection District may suffer as a result of all suits , actions or claims of every o H nature and description caused by, arising from or on account of w the activities of Platteville Fire Protection District in HUn inspecting the facility and enforcing the terms of this w agreement , the Certificate of Designation or Amended Use by 0 w Special Review 842 . 0o w o z 6 . 0 No Benefit or Waiver: No portion of this agreement is en N z intended to confer a benefit on any person not a party to o this contract nor constitute a waiver of any privilege or w g immunity held by the parties to this agreement or their officers , x agents or employees. Ln 0 7 . 0 General Requirements of Collateral: The value of all ,�',� � collateral submitted to County must be equivalent to 100% of the value maximum amount as shown in Paragraph 4 . 0 of this agreement. Gq 44 8 . 0 Guaranty Collateral : The types of collateral listed below are acceptable to Weld County subject to final approval by the Board of County Commissioners . 8 . 1 An Irrevocable Letter of Credit from a Federal or State licensed financial institution on a form approved by Weld County. The letter of credit shall state at least the following: ( a) The Letter of Credit shall be in an amount equivalent of 100% of the total value of the Performance Guarantee as set forth. 891312 3 ( b) The Letter of Credit shall provide for payment upon demand to Weld County if the developer has not performed the obligations specified in this agreement and issuer has been notified of such default. o ( c ) The applicant may draw from the Letter of Credit in � (J accordance with the provisions of this policy. '^ o ( d ) The issuer of the Letter of Credit shall guarantee o that at all times the unreleased portion of the Letter of Credit a shall be equal to a minimum of 100% of the estimated costs of 00 3 completing the uncompleted portions of the required improvements , o a based on inspections of the development by the issuer. t• w ( e ) The Letter of Credit shall specify that 15% of the o total Letter of Credit amount cannot be drawn upon and will o remain available to Weld County until released by Weld County. ar a - (4 ( f ) The Letter of Credit shall specify that the date of proposed expiration of the Letter of Credit shall be either the date of release by Weld County of the final 15% or one year from N a the date of Site Plan approval , whichever occurs first. Said cn Letter shall stipulate that , in any event, the Letter of Credit o Z shall remain in full force and effect until after the Board has received sixty ( 60 ) days written notice from the issuer of the Letter of Credit of the pending expiration. Said notice shall be sent by certified mail to the Clerk to the Board of County o Commissioners . .crw cow z 8 . 2 A surety bond given by a corporate suety authorized to N zz do business in the State of Colorado in an amount equivalent to 100% of the value of the performance as specified in this a agreement. a 8 . 3 A cash deposit or certificate of deposit or savings co deposit or some other type of deposit acceptable in form to the cn N County shall be made with the County equivalent to 100% of the value of the required q guaranteed performance. Sal 8 . 4 An escrow agreement providing cash in escrow of at least 100% of the value of the required guaranteed performance and providing that the escrow agreement is in a form acceptable to the County. 9 . 0 Request for Release of Collateral : Prior to release of collateral , the applicant must present a statement of compliance from an engineer registered in Colorado indicating that the type of activity being either ultimate disposal , closure of the facility or recycling has been completed in substantial compliance with approved plans and specifications and the same must also be approved , in writing, by the Weld County Department of Planning Services and Weld County Health Department. 891312 4 10 . 0 Review of Collateral : Upon 90 days notice from County to Applicant, the amount of the Performance Guarantee sums shall be reviewed by the County to determine adequacy for both recycling and/or ultimate disposal. Should a preliminary finding Lo o be made that additional sums are necessary to guarantee o u performance , County shall schedule a hearing before the Weld o County Board of County Commissioners to determine if there has u been a substantial change in circumstances such that the q collateral is insufficient to guarantee performance under this o w agreement. The hearing shall be in the form of a quasi-judicial 0 3 hearing with notice and opportunity for public comment and be o a held in accordance with the procedures set forth in the Weld `a- 41 q County Administrative Manual , General Administration Section , o "Applications for Land Use for Property Previously Denied. " u d iz w 11 . Successors and Assigns : This agreement shall be N binding upon the heirs , executors , personal representatives , N successors and assigns of the applicant, and upon recording by '" a the County, shall be deemed a covenant running with the land N w herein described , and shall be binding upon the successors in mu ownership of said land. In H IN WITNESS WHEREOF, the parties hereto have caused this F agreement to be executed on the day and year first above written. a o w BOARD OF COUNTY COMMISSIONERS vw WELD COUNTY, COLORADO: co G4 rn gera.Wartatitte O 0 % rl Li, CO en N P14, ✓✓✓"tic- ATTEST: ‘771n 1 Weld CounOy Clerk & Recorder LE lip 'THE BOARD: C. 891312 5 APPROVED AS T FORM: ti County Attorney r- O 0 WIXCO SERVIC I_ W og tA- w By: Wix W , Preside O •=ra •• W x Na rn U 2 H E a o p v3 w m w m oz cn z N caa w r 10 Ln m rn pa a 891312 6 Policy Number: WXSV203 'DO o U EXHIBIT "A" coo Policy Title : Closure of the Wixco Services Biomedical Waste a Incineration Facility o G] o Purpose : To establish procedures to be followed in event the w facility is to be closed. 0 0 Policy: I . Planned Closure Procedures V ry x 1 . The State and Weld County Health Departments will •. w be notified of a planned closure of the facility at least Sixty ( 60 ) days in advance of the closure or in a timely manner as required by the State ' s Solid Waste N4 Regulations . A meeting will be scheduled with mu z representatives of both Departments to ensure that the WI closure procedures will meet all applicable regulations w in effect at the time of the closure . Appropriate changes will be made to this Wixco Services Closure w Procedure to reflect the necessary modifications as o a determined by representatives of the Departments and m w Wixco Services . rn M z 2 . All clients will be notified of the planned closure No Forty- five ( 45 ) days prior to its occurrence . Recommendations will be given to the clients regarding a appropriate alternative disposal service. 3 . Waste collection service will be terminated at m r- least one week prior to the closure date . This schedule will provide adequate time for incineration of w w all collected waste. 4 . Upon completion of the incineration of all collected waste materials, the kiln incineration system will be disinfected utilizing an E . P . A . approved germicide. The germicide will be run through the unheated system with the appropriate motor drives activated to ensure complete coverage of the interior surfaces . Any residual germicide or liquid will be collected and run through the incineration system which will be brought back up to normal operating temperatures for this final step. This final step will dissipate any residual liquids . 5 . The final load of ash material will be disposed of in accordance with the ash disposal procedure . The 891312 7 supplier of the roll-off waste containers will be provided a supply of the germicide and instructions to o disinfect the units following the final disposal U activity. The empty roll-off containers may be brought • back to he Wixco Services facility for the germicide Ol0 disinfection procedure so that the liquid can be combined with the liquids from the site disinfection w procedure and run through the incineration system o simultaneously. o w 6 . The interior of the operations building, to include a all walls and floors , will be washed down using the v disinfectant applied by the use of mops and rags. Any a residual liquids will be collected in the wet vac . The residual liquid, mops and rags will be destroyed in the kiln. N w 7 . Any trailers located at the facility will be N w disinfected and removed from the site and returned to U the supplier . The disinfectant liquid will be o H processed through the incineration system as a final step. r4 H co 8 . All fuel and power sources to the kiln will be o disconnected. � w ow o z 9 . The decontaminated incineration system will be N zz disassembled and returned to its owner, International Process Research Corporation at 5906 McIntyre Street, u a Golden, Colorado 80403 . ILA 10 . The site will then be open to Health Department ,! co representatives at all times during closure operations rn r- and for final inspection. xw II . Abandoned Facility 1 . In the unlikely event that the facility is abandoned, in addition to the above activities , there may be medical waste at the site which will require removal and treatment . Due to the limitations placed on storage at the facility and due to the fact that the medical waste will be incinerated in conjunction with closure facility, the amount of possible waste at the site should not exceed 1000 pounds . 2 . The removal of this volume of waste would require the loading of the boxes onto a 24 foot van . The waste could then be transported to an in-state disposal site, or in a worst case scenario to either Green River , Utah or Aberdeen, South Dakota for destruction. 891312 8 Policy Number: WXCV204 rl U 0 0 o EXHIBIT "B" n a 0 3 Purpose : To outline contamination issues , establish emergency • response needs and to provide emergency response guidelines and o procedures . n I . General N x 1 . It should be emphasized to and understood by all potential responding agencies that the materials in the transportation vehicles and the incineration facility present only a limited biological exposure hazard . cv a There are no chemicals , radioactive materials or bulk C..) liquids to be involved . Avoidance of direct skin Hcontact with blood products, or materials contaminated w with blood products is the major precaution to be followed in an emergency response situation. The NIOSH Guidelines of February, 1989 details precautions to o prevent exposure to Public-Safety Workers . These CO w guidelines and any amendments shall be provided to all o z agencies which could reasonably be expected to respond. m z ry rt o 2 . Wixco staff and other appropriate Wixco related personnel shall offer training to the potential a responding agencies on the recognition, hazards , and proper precautions for the handling of medical waste . r It should be noted that medical personnel handle such el waste on a daily basis protected only by rubber gloves and paper a gowns. m w p p 3 . Stringent air emission standards have been set by the State and will be enforced by Weld County . All such air emission standards , requirements and regulations shall be controlled and closely monitored in accordance with the Colorado Air Quality Control Emission Permit. 4 . There will be no water discharged as a result of the operation of the kiln, transportation division , or the facility . Additionally , any floor drains are required to be connected to a sealed vault and the liquids disposed of appropriately. The floor will be treated with an industrial concrete sealer which will provide a water resistant barrier at the concrete surface . The sealer is expected to allow for quick and efficient clean up of any spills . 891312 9 5 . There does exist a slight potential for soil contamination immediately outside the operations building or at the site of a transportation accident. Any such contamination would be the result of leakage from or spillage of a waste container . The impacted o area would be limited to that actually contaminated by U the liquids . Remedial action would consist mainly of o the treatment of the involved soil with an E . P . A . 0 w approved germicide . As such treatment would effectively inactivate any bacteria or virus , there o w should be no need for soil removal. It should be noted z that presently at auto accident sites, blood is washed , untreated , directly into the drain sewer system. Any w contamination within the facility will be handled in .crw accordance with the procedures outlined in the Spill no Control Procedures (Wixco Policy Number WXSV206 ) . Hx II . Transportation Accident: Na mu 1 . The most likely occurrence which would dictate an M2 emergency response would be a transportation accident OH involving the spillage and breaking open of the waste containers . The response for such an event would require the removal , by use of shovel and brooms , of o p the spilled waste and the treatment by application of c+' w an E . P .A. approved germicide, of any affected soil. As mw that no bulk liquids are transported on the vehicles , o z the affected soil area would be relatively small. N z a 2 . Response to a transportation accident could be c.) handled either by the vehicle driver , or in the event x that the driver is unconscious , by appropriately NO trained personnel from either the incineration m m facility , or from Rocky Mountain Environmental , depending on the location of the event. In view of the w fact that the material is not volatile there should be no immediate urgency in the spill response . Spill clean up will be performed in accordance with the Wixco Spill Control Procedures (Wixco Policy Number WXSV206 ) . 3 . The transportation vehicles will be equipped with both a spill control kit and procedures . The vehicles are required to have a 24 hour contact number posted on their outside . This has been required to obtain information and/or response in the event of an emergency. �o 891312 � o III . Facility Fire 1 . There is potential that a fire or explosion at the incineration facility could result in response by o 4 police and local fire departments. This would create a concern on their part as to potential exposure to both c a airborne contaminants and liquids contaminated with waste materials. 0 2 . Protection from exposure to contaminated liquid z waste will be provided by the standard equipment worn C14c‘i by fire personnel . Such an event would most likely N 'o result in a request for either the disinfection of soil surrounding the building contaminated by the fire or w fire fighting activities. Na 3 . There presently appears to be no medical evidence In z o H to link the spread of either HTLV-III or Hepatitis B to H airborne exposures . Accepted transmission methods are a limited to direct contact with a source of infection and mucus membranes. It would also be anticipated that o w a fire involving combustibles would reach a temperature cow of at least 1200 degrees F. , sufficient to kill the O1 virus. oz Mz 4 . All OSHA , CDC and EPA guidelines indicate that u a equipment which comes into contact with a potential source of blood contamination can be decontaminated by use of a bleach solution , germicide , with certain mm equipment , by sterilization . Said equipment is to be cf r- rinsed after decontamination . Staff from either the transportation division of the incineration site would go be available to assist in the decontamination process . Adequate amounts of current disinfectant would be available at both the incineration site and the transportation division . Any special equipment requiring sterilization could be handled at a local hospital or other appropriate facility. The wash solutions and rinse water may be discharged to a domestic sewer outlet or taken to the Wixco incineration site for destruction . If said equipment is incapable of being sterilized or decontaminated by standard procedures , the said equipment would be replaced at no cost to the District or other responding agency. Ii 891312 U Policy No. WXSV206 oo Policy Title: Spill Control Procedures Purpose : To establish procedures for the safe and proper 0 w handling of any spill event . These procedures are designed to o a provide maximum protection for staff and other personnel while ,,,. w minimizing any environmental impact or concerns . These procedures are applicable to spill events both inside and outside u (a) the incineration facility or (b) any collection vehicle. via Policy: 1 . The Wixco transportation staff will be instructed a NOT to pick up any waste material boxes which are n: a leaking , lack mechanical integrity or are unacceptable c.) for any other reason. Such boxes will be left for the o z client to repackage or correct. w a2 . An appropriate spill control kit will be maintained on each vehicle employed for the collection of medical 0 5 waste and at the incineration facility. The kits shall CO w be checked daily to ensure that all contents are present. oz Mz o '� 3 . The spill control kit will contain at least the u a following items . a . Appropriate absorbent material for the collection r of liquids r, r- b. Red spill collection bags c. Empty waste containers for collection of spilled w w waste d . A disinfecting solution of 1 : 100 bleach - this solution will be changed weekly and labeled as to date created. e. Broom and shovel f . Disposable gloves g. Disposable coveralls h. Goggles or face shield i . A copy of this policy j . A standard surgical mask 891312 12 4 . All staff involved in a spill clean up will wear the following protective equipment during the clean up process: r v a. Gloves b. Goggles or faceshield o c. Coveralls d. Safety shoes ca e. A standard surgical mask a o W o o a 5 . The personnel involved in an unusual spill event awill immediately notify ( 1 ) the Rocky Mountain p Environmental designated manager regarding a spill o involving transportation or ( 2 ) the IPRC designated z manager regarding a spill at the incineration site . The respective managers , in conjunction with the personnel at the spill site , will determine the row w appropriate clean up action to be taken . The Wixco N a Manager of Operations will be advised of the spill and a u informed as to the corrective action taken . Emergency n z ( 24 hour ) phone numbers for the designated managers at H Rocky Mountain Environmental , IPRC and Wixco will be r+ F placed in each vehicle and at the incineration site. U) Emergency notification will be given as required to the o m appropriate authorities (Weld County and State Health w Departments , fire departments , Sheriff , etc . ) in accordance with the Wixco Emergency Notification z m z Policy. nirl o �+ 6 . In the event of spill occurrence , any solid waste w x will be collected and placed into one of the spill collection bags . The broom and shovel maintained in r m the kit will be used for collection of the waste . `f1 UNDER NO CIRCUMSTANCES WILL STAFF COLLECT THE WASTE M -' DIRECTLY BY HAND. The collection bag ( s ) will then be ma placed into an empty waste container and taken to the incineration facility for disposal. 7 . Any spilled liquids will be covered with a generous amount of absorbent material which will remain in place for at least ten ( 10 ) minutes. The absorbent material will then be collected by broom and shovel and placed into a collection container for incineration. 8 . Following the collection of any spilled solid and/or absorbent material , the area affected by the spill will be disinfected using the 1 : 100 bleach solution. The solution will be applied and left on the spill area , there is no need to collect the solution unless it is in the incineration facility in which case the liquid will be vacuumed up and placed in the incinerator. 89 312 13 t0 O 9 . The broom and shovel utilized for the spill clean up will also be disinfected by use of the bleach � - solution. u, o I U 10 . Upon completion of the clean up process , any w disposable gloves and disposable coveralls worn by the o O 3 staff will be placed in the waste collection container • x for incineration. «r w a 11 . A " Spill Occurrence Report" will be completed by o the staff and given to the supervisor . All such zreports will be kept on file for three ( 3) years. 12 . This policy will be reviewed on an annual basis, or a when changes in regulatory standards require change in the procedures. Na rnO tfl z O H w r4 m % w op w co G+ rn oz M Z N Q,' a W a C-- .41 in ON N mr P7 N 891312 14 • • • • • • • • • • AUTOMATICALLY RENEWABLE CERTIFICATE OF DEPOSITc 89 MTheFirst - 07244 - -- Security Bank - - -005 MORN SBREEI P0.001226 FORT LIPTON.COLORADO 00621 - THIS CERTIFIES THAT THERE HAS BE 1 POSITED IN THIS, NSiTIgTU�UTUIION iTHF„Q.MOUNT OF n, SECURIIYR9K��„1�I hmJ Jlu' ,l '/,L�,» . .�I •'^"'^" DOLLARS Weld County Board of Commissioners - - C/OTire Mountain, Inc. - PAYABLE TO ADDRESS PrnD. Aod INTEREST Tiro Mnnntain Tnr fnr Rnryl 15771 wry 1Q Fnrt TNpDtPS CO SOC.SEC.OR TAX ID.NO. INTEREST RATE INTEREST PAYABLE DATE OF ISSUE MATURITY DATE AMOUNT EPOSO ED R4-f1Q99AR5 R nn %R num QTr1y 7-1R-RQ 7-1R-97 $R,fDO DO PAYABLE IN CURRENT FUNDS AT ANY MATURITY DATE UPON PROPER ENDORSEMENT AND SURRENDER OF THIS CERTIFICATE THIS CERTIFICATE SHALL BE AUTOMATICALLY RENEWED FOR ADDITIONAL PERIOD EQUAL TO THE ORIGINAL TERM.UM FCC THE OWNER HEREOF PRESENTS THIS CERTIFICATE FOR PAYMENT ON,OR WITHIN SEVEN DAYS AFTER.ANY MATURITY DATE,OR UNLESS THE INSTITUTION MAII. WRITTEN NOTICE TO THE OWNER.AT THE ABOVE ADDRESS.AT LEAST TEN DAYS PRIOR TO ANY MATURITY.OF THE INSTITUTIONS INTENTION TO REDEEM THIS CERTIFICATE INTEREST HEREON SHAH BE PAYABLE DURING THE PERIOD OF EACH SUCH RENEWAL AT THE RATE SPECIFIED IN A NOTICE FROM THE INSTITUTION.OR.IN THE ABSENCE OF ANY SUCH NOTICE AT THE RATE BEING PAID BY THE IN$$TITUTII` ON TIME CERTIFICATES OF DEPOSIT WITH THE SAME TERM AS THIS CERTIFICATE AS OF THE DATE OF SUCH RENEWAL THIS CERTIFICATE MAY BE REDEEMED IN ADVANCE OF EACH MATURITY DATE-ONLYWITH TI I CONSENT OF THE INSTITUTION AND ONLY IN ACCORDANCE WITH THE PENALTY FOR EARLY WITHDRAWAL gJ DEPOSIT INTEREST TO ACCOUNT NO. ❑ MAIL INTEREST CHECK 454 132- S L!-3 ❑ ADD INTEREST TO PRINCIPAL AUTHORIZED SIGNATL TRANSFERABLE ONLY ON THE BOOKS OF,OR WITH PERMISSION OF,THE ISSUING INSTITUTION. •ua;OP.,, 7///9 &/ "if4 • • B 1357 REC 02309840 11/05/92 12 :24 $0 . 00 16/016 F 1795 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO Hello