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• iii iiiiiiiiiiiuiii <br />` Founin Colony Investment Company 999 <br />A LIMITED PARTNERSHIP UNDER COLORADO LAW <br />hir. lames Dillic ~FC J3 19~ <br />IR313 [She msn St ialSBlr~dbGeoiogy Div~siogo/,N/nerd/S~ ~uo% <br />Denver, CO 80203 9y <br />RE: Request for reaffirmation of original approval. Fountain Colony Pit. <br />file No: M-8%-1'71 <br />Deer Mr. Di(lie: <br />After consideration of recent discussions with Fountain Colony Investment Company's <br />consultant, NIrrk tleifner, and taking into account recent developments with respect [o the <br />eventual mining of the si[e, we are ready to move forward with Board action. We request [hat <br />you place the. matter of the Fountain Colony Pit file on the Board agenda for January. We ask <br />tha[ [hc Colorado Rlined Land Rectamation Board reaffirm [heir original approval and set a <br />contingency bond that will be promptly submitted so the permit can issue. <br />-fh:~ is understandai~ly a somewhat unconventional approach. However, by linking the Board <br />action to a number of specific conditions that protect the Board, iu our opinion, the Board is <br />not at risk and will still maintain full regulatory control over future developments. Following <br />are a number of key points regarding this site that should be taken inw account. That is <br />followed by a list of tt~e conditions we propose be included in the Board action. <br />The site is very near a couple of other large gravel pits that are operated in basically die same <br />way that this ol:e would be operated. Therefore, this use is consistent with surrounding laud <br />uses. 'I'bis is further confirmed by the City of Fountain's approval and continued support of <br />[leis use. However, FOUIlIa1R Colony lnvestmen[ is no[ a mining company. We are simply the <br />land o~,~mer. The original application for a permit, which was approved by the 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 for future extraction. <br />Currently EI Paso County is redefining their Master Plan for Extraction originally prepared as <br />re ,uircd 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 wi[hout new aggregate <br />sources being permitted existing resources will be expended in the not too distant future. <br />P.O. BOX 1595 COLORADO SPRINGS, COLORADO 80907-1595 U.S.A. 719-634-1667 <br />