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SurefU 1`ec�u�7 <br />September 22, 2011 <br />Michael Cunningham <br />Division of Reclamation, Mining & Safety <br />1313 Sherman St., Rm 215 <br />Denver, CO 80203 <br />Re M- 1981 -022, Glass Gravel Pit <br />Dear Mr. Cunningham, <br />sRol <br />This letter is a request to reduce the performance and financial warranties <br />from $148,500.00 to $79,626.00 for the following mining operation, M -1981- <br />022 Glass Pit in Larimer County. Connell Resources has 1 acre to backfrll at <br />this time. The plan is to have the area totally backfilled by June of 2012. The <br />area then would be reclaimed as a native area, which will be reseeded with <br />native vegetation as approved by the Soil Conversation District. The calculation <br />for the reduction is as follows: <br />1. Backfill pond — 24,200 CY - $2.15 <br />- $52,030.00 <br />2. Place Topsoil - 810 CY - $1.10 <br />- $ 891.00 <br />3. Seed & Mulch - 15.4 Ac - $700.00 <br />- $10,780.0 0 <br />Total <br />$63,701.00 <br />Mobilization (7 0/6) <br />$ 4,459.00 <br />Overhead (18%) <br />$11,466.00 <br />Total <br />$79,626.00 <br />The land owner for this property is Richard Connell <br />7785 Highland Meadows Pkwy Ste., 100 <br />Fort Collins, CO 80528 <br />We appreciate your consideration of this reduction. Please give me a call if you <br />have any questions. <br />Sincerely, <br />qI arry Jo <br />Aggregate evelopment Manager <br />