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RAG <br />Twentymile Coal Company <br />March 28, 200] <br />Frank Camilletti <br />P. O. Box 69 <br />Milner, Colorado 80487 <br />RE: Subsidence Agreement <br />Dear Frank: <br />I appreciated you and Ed coming in to discuss the options for the subsidence agreement. I talked <br />with Mike Ludlow and went over the options we discussed and his direction is to complete a cash <br />agreement. Along this line, we discussed an amount of $50 - 75 per acre plus TCC would <br />complete surface repairs resulting from subsidence of the upland areas. This could include work <br />on stock ponds damaged by subsidence. From the experience gained on our properties I am not <br />anticipating any major repair work. I have not had to repair any ponds or surface undermined and <br />subsided here at TCC. <br />I will have the agreement drafted and then send a copy to you for your review. I'll need to place a <br />per acre amount in it, so you'll need to let me know what you would like to do along that line. <br />The land subject to subside impacts is your land located in sections l0 and 15. I don't anticipate <br />anything in section 3. <br />Please remember that operating a coal mine is a very costly proposition and this will add to, that <br />cost. Also, you'll need to let me know me know how you would like the payment made to you, <br />i.e. all in one year or spread out over a number of years. The first year of payment will be in <br />2002, if you want it to begin then. I imagine you have a little thinking to do on the disbursement <br />schedule to minimize tax implications. <br />Frank, we've worked well together over the years and look forward to continuing this relationship <br />into the future. You have been supportive of the mine's activities, and we likewise, have been <br />supportive of you surface leases with the State Land Board. It is a partnership that we both have <br />benefited from. <br />I look forward to receiving your reply and getting the agreement completed. <br />Sincerely, <br />.-~,~. ~ <br />Richard Mills <br />Environmental Manager <br />File:l :\en\env\land\camil letti\subsidenceagmt28mar01 <br />29515 ROUTT COUNTY ROAD #27, OAK CREEK, CO 80467 Phone: (970) 879-3800 Fax: (970) 879-8050 <br />