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CC&V is working with Teller County to insure the new development meets the terms of that <br /> agreement, to classify TR-73 as a no impact technical revision to the Cresson Project Mine <br /> Development Plan("MDP"). <br /> CC&V is planning to construct the power line in October / November of 2014, following <br /> approval of this TR by the Colorado Division of Reclamation, Mining and Safety ("DRMS") and <br /> appropriate approvals from Teller County. <br /> Crusher Power Line Warranty Estimate <br /> CC&V has had a third parry financial warrantee review completed by Mr. Mike Ellis of Ellis <br /> Engineering for this TR (see attached). That evaluation suggests that the AM10 financial <br /> warranty for the Cresson Project should be increased by $4,893 in 2014 dollars to cover this <br /> addition to the project. Currently, AM10 included a provision for a total financial warranty <br /> posting of$173,000,000. Approval of TR-73 will increase the total financial warranty posting to <br /> $173,004,893 for the Cresson Project. The current unallocated bond amount for the Cresson <br /> Project is $979,219. The estimated TR-73 amount of$4,892.00 applied against CC&V's current <br /> unallocated bond amount results in a new unallocated bond amount of$957.202.00. <br /> The final alignment and pole placement for TR-72 is also shown on the attached drawing to <br /> reflect some field fitting. <br /> Please contact me at (719)-689-4055 should you have questions or wish to discuss this request <br /> for a technical revision. <br /> Sincerely, <br /> Timm Comer <br /> Manager, Environmental Resources <br /> xc: Lynda Morgan, Teller County Planning <br /> Byron Hakes, Mayor, City of Victor <br /> Attachments: Referenced Drawings and warrantee estimate <br /> Enclosure: Check No. 135493 <br />