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<br /> <br /> <br />Del Camino Properties <br />December 21, 1988 <br />Page 2 <br />Last year we furnished a Master Golf Course and Residential Development <br />Plan for your perusal - this plan has not changed since that time. <br />We estimate it will be several years before all of the gravel within the <br />boundaries of our reclamation plan is excavated. Economic conditions <br />may delay the total development for several years; nevertheless, this <br />plan will be our ultimate goal. <br />Please advise if you have questions regarding this report. <br />Sincerely, <br />Enclosures <br />SIDGRIST CCNSTRUCTICN OD. <br />Robert L. Siegrist <br />President <br />RLS:mv <br />