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derived components, factors, and related considerations taken from Cost <br />Summary Sheets, and provided with the submittal for reference. <br />The genesis of our cost estimates originate from previous resolutions at <br />Kurtz, Heintzelman, and more recently, Western Sugar. Western Sugar <br />was approved in July 2011. The Coulson values determined in our original <br />Exhibit L - Reclamation Costs, utilizing similar assumptions, yet updated <br />to reflect the OMLR unit values for the determination of that financial <br />warranty, to best estimate those determined by CIRCES. <br />While we can get close to OMLR estimates, we will never match, so we <br />try for `close.' Examining the established Western Sugar warranty with <br />those of Coulson, there is a marked departure from `close,' and the effort <br />is on to parse this and try to get there by further clarification and <br />examination of the diverse values at play. <br />If we look at the acreage, values, and assumptions at play at Western <br />Sugar, they are similar for Coulson. Let's divide into columns and take a <br />look... <br />Item I Western Sugar Project I Varra - Coulson Project <br />Total Permit Acres 102.18± 100.63± <br />Original warranty $102,978.45± actual $874,700.00± OMLR <br />(or estimate) OMLR determined warranty estimate <br />warranty <br />Total Extraction Area 75.02± Acres 65.88± Acres <br />Total Surface Water 62.81± Acres 59.30± Acres <br />Area <br />Total Water Volume 590,224,014± Gallons 574,801,478± Gallons <br />Affected Lands 34.23± Acres 6.58± Acres <br />remaining above <br />water <br />Grading Identical concurrency Identical concurrency <br />and methodology and methodology <br />Total Resoil Volume 9,849.04± cu.yds. soil 5,307.87± cu.yds. soil <br />Demand - above <br />water (land area, <br />above) <br />Seed Mixture Identical mixture Identical mixture <br />Varra Companies, Inc. Coulson Resource Project OMLR M- 2013 -064 4 <br />Correspondence to Peter Hays 23 March 2014 <br />