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.'. <br /> <br />Fountain Colony Investment Company <br />A LIMITED PARTNERSHIP UNDER COLORADO LAW <br />t/r. James Uillie ~F~~ J <br />Rn [12115, CentennialsBalr~d Geology Oivisi /V//r 3 ~9yI~ <br />°~ o~ <br />1313 Sherman St. g e,~ts~ ~~oiuG} <br />Dem~er, CO 80203 <br />RE: Reyuesl for reaffirmation of original approval. Fountain Colony Pit. <br />File No: M-87-1"71 <br />Dea; Mr. Dillies <br />After consideration of recent discussions with Fountain Colony Investment Company's <br />consultant, iNark tieifner, and taking into account recent developments with respect to the <br />eventual mining of the site, we are ready to move forward with Board action. We request that <br />you place the matter of the Fountain Colony Pit file on the Board agenda for January. We ask <br />thzt the Colorado Mined land Reclamation Board reaffirm their original approval and set a <br />contingency bones that will be promptly submitted so the permit can issue. <br />fhs s unders[andai~ly a somewhat wiconventional approach. However, by linking the Board <br />action to a number of soecitic conditions that protect the Board, iu our opinion, the Board is <br />nut at risk and will still maintain full regulatory control over future developments. Following <br />are a number of key paints regarding [his site [hat should be taken into account. "I'ha: Is <br />followed by a Ist of the conditions we propose be included in the Board action. <br />"fete site is very near a couple of other large gravel pits that are operated in basically the same <br />way that this ol:e would be operated. i herefere, this use is consistent with surrounding land <br />uses. "Phis is further confirmed by the City of Fountain's approval and continued support of <br />this use. However, FOUII[al^ Colony Investment is not a mining company. We are simply d[e <br />land o~.vner. The original application for a permit, which was approved by [he Mined Land <br />Reclamation Board on January 21, 1988, was an effort to permit this land for mining so the <br />reserves could be protected far future extraction. <br />l'urre.ntly EI Paso County is redefining their Master Plan for Extraction originally prepared as <br />required by the 1973 version of the Colorado Mined Land Reclamation Act. In that study the <br />county has found that aggregate resources in the county are limited and without new aggregate <br />sources being permitted existing resources will be expended in [he no( too distant future. <br />P.O. BOX 1595 COLORADO SPRINGS, COLORADO 80901-1595 U S.A. 719-634-7667 <br />