REV05912

• Permit No: C1981025
• IBM Index Class Name: Revision
• Doc Name: PREMLINIARY DEVELOPMENT SCHEDULE
• Type & Sequence: TR12
• Media Type: D
• Archive: No

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ASPEN GLEN GOLF PARTNERS
555 E. Durant Ave., Suite 4A
Aspen, Colorado 81611
PRELIMINARY DEVELOPMENT SCHEDULE
This preliminary development schedule pertains to a portion of
the Diamond A Ranch located in Garfield County, Colorado, which is
currently under contract by Aspen Glen Go 1f Partners, Ltd. ("Aspen
Glen"). It is the intent of Aspen Glen to develop the Diamond A
Ranch and the adjacent Sievers Ranch into a master planned golf and
residential community to be known as The Aspen Glen Club. To that
end, the following is the proposed development schedule of that
portion of the Diamond A Ranch which is currently covered by the
permit issued by the Colorado Mined Land Reclamation Division for
the North Thompson Creek Mine (the "Permit Area").
Following the approval of the Aspen Glen PUD by Garfield
County, the Permit Area will be developed into a private golf
course designed by Tom Weiskopf & Jay Morrish. This will be the
first phase of construction undertaken by Aspen Glen, and is
presently planned for the Spring of 1993. Construction of the golf
course is planned to commence prior to or concurrently with the
first phase of residential homesites. The proposed construction
schedule is as follows:
1. Mass excavation and grading of the Permit Area according
to plans and specifications of the golf course architect. This
will begin in early Spring 1993 and will be completed in 90 days.
2. Fine shaping and feature construction will follow and
will require 60 to 90 days to complete. During the final stage of
the fine grading, irrigation will be installed, greens and tees
will be begun and trees will be planted.
3. Grassing of the Permit Area should occur in the late
Summer or early Fall of 1993 and great care will be taken to insure
that there will be no loss of grass by erosion over the Winter
season.
4. The course will undergo a period of "maturation"
including intensive fertilization, watering and mowing and should
be ready for golfers by late Summer of 1994.
The foregoing schedule may be accelerated or delayed by a
number of factors, but if any modifications occur, Aspen Glen
anticipates that commencement and completion will occur at an
earlier date than contemplated above.
All of the construction outlined above will be performed by a
general contractor familiar with and experienced in the