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December 12, 2012 <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 />✓ z0 <br />RECEIVED <br />4r, 14 2012 <br />DIVISION OF RECLAMATION <br />MINING AND SAFETY <br />This letter is a request to reduce the performance and financial warranties <br />from $148,500.00 to $123,939.75 for the following mining operation, M -1981- <br />022 Glass Pit in Larimer County. Connell Resources has 1.67 acres to backfill at <br />this time. The plan is to have the area totally backfilled by June of 2014 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 — 37,720 CY - $2.15 <br />2. Place Topsoil - 1,347 CY - $1.10 <br />3. Seed & Mulch - 15.4 Ac - $700.( <br />Total <br />Mobilization (7 %) <br />Overhead (18 %) <br />Total <br />- $81,098.00 <br />-$ 1,481.70 <br />)0 - $10,780.00 <br />$93,359.70 <br />$ 6,535.18 <br />$16,804.75 <br />$116,699.63 <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 />arry =o <br />Aggregate Development Manager <br />4 <br />