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<br /> <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanmenl of Natural Resources <br />1317 Sherman 51., Room 215 <br />Denver, Colorado 80203 <br />Phone: (3031 866.3567 <br />FAX: f3031 832-8106 <br />Settlement Agreement <br />~~~ <br />DEPARTME[~1T OF <br />NATURAL <br />RESOURCES <br />Roy Romer <br />Governor <br />December 13, 1994 <br />Mr. Preston Mease <br />Colorado West Leasing <br />241 31 3/10 Road <br />Grand Junction, Colorado 81503 <br />RE: GEC Project/RN-MINES-322 <br />Colorado West Leasing: <br />lames 5. Cochhead <br />EsecWive Duecior <br />Michael B. COng <br />Division Director <br />WiII drop all claims for additional payment on all disputed items, both known and <br />unknown. . <br />The Division of Minerals and Geology: <br />1. Will drop its claim for replacement of 3226 cubic yazds of growth medium <br />valued at $24,195.00 as outlined in the Owner's Claim #3 -loss of growth <br />medium for the southeast corner of the East Pit. The value does not include <br />the cost to spread the material on areas to be covered and is based upon bids <br />from local suppliers; <br />2. Will drop its claim for $1800.00 in liquidated damages as outlined in the <br />Owner's Claim #4 -liquidated damages; and, <br />3. Has authorized payment on December 13, 1994 of $2,850.00 for payment on <br />other items in Colorado West Leaning's claims which will not be altered by <br />this Settlement Agreement. <br />I agree with this settlement. <br />Preston Mease, Colorado West Leasing <br />--r--J <br />and Geology <br />Date <br />m:\imp\yjb\senlc.ltr <br />