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• • III IIIIIIIIIIIIIIII Colorado Mined Land Reclamation Board 723 Centennial Building 1313 Sherman Street Denver, Colorado 80203 Gentlemen; J~,i~ '7cS The Fountain Sand and Gravel Company and the Lawrence Construction Company have reached a joint understanding whereby the Open Mining Permit No. 21 for the sand and gravel mine in Section 29, Township 6 South, Range 68 West, Douglas County, Colorado, better known as the Lawrence Mine, will be transferred in a successor of opera- tions transaction from The Fountain Sand and Gravel Company to the Lawrence Construction Company effective as soon as approval can be obtained from the Mined Land Reclamation Board under Rule 1.7, "Permit Transfers", of the Rules and Regulations of the Colorado Mined Reclamation Board. As a part of our understanding, the Lawrence Construction Company will assume all land stabilization and reclamation work which is required for the aforementioned mine for all past disturbances through the initiation of a Land Stabilization and Reclamation Agreement. Furthermore, the Lawrence Construction Company will furnish the Mined Land Reclamation Board a performance bond in the amount of $31,500, which is equal to the one previously furn- ished by The Fountain Sand and Gravel Company, to insure that the work required in the Land Stabilization Agreement will be accomp- lished. We would appreciate your diligence in seeing that this transfer can take place on a timely basis in order that the successor, the Lawrence Construction Company, can initiate operations within a reasonable length of time and the performance bond of The Fountain Sand and Gravel Company can be released and cancelled. Sincerely, i' A. P. Sweeney/~Preside t TheJ~ta~/~ ~ Gravel Company E. R. Lawrence, President Lawrence Construction Company