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• • RECLAMATION COSTS <br />Exhibit L <br />Reclamation Costs <br />On the following pages are calculations for the reclamation cost. The totals are contained in the first block <br />on the first page. The calculations that produced the totals are in the subsequent blocks. <br />The reclamation costs are based on the following assumptions and requirements: <br />1. Bonding will include only the worst case situation for Phase 1 and an assumption that the plan <br />will be followed up to that point. <br />2. No mining can occur in Phase 2 until there is a bond adjustment, if needed. <br />3. The worst case situation is basically like that shown on Exhibit C-2B -Middle of Phase 1. <br />4. The access road to the plant, including the bridge, will not be removed and will remain for the use <br />by the landowner. <br />The estimated reclamation cost using these requirements is calculated to be 595,032.64 <br />The recommended bond amount to be established for this permit is 596,000.00 <br />(Note: This estimated bond amount does not include Division of Minerals and Geology additions for <br />setup costs, profit, and administrative costs.) <br />Grisenti Farms Gravel Pit Original Application Exhibit L Page L-1 <br />