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sPd5 i <br />i <br />LJ DEVELOPMENT, INC. <br />256 NORTH MERRILL DR. <br />PUEBLO WEST, CO 81007 <br />PHONE 719-240-9424 FAX 719-583-0583 <br />October 20, 2010 <br />Berhan Keffelew <br />Environmental Protection Specialist <br />Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 O 2 ? ?J <br />Denver, Colorado 80203tvts;?? -4 <br />Re: BLUE GRASS GRAVEL PIT <br />M-2008-001 <br />TECHNICAL REVISIONS (TR) <br />TR-01 CHANGE OF MINING PLAN & <br />RECLAMATION PLAN <br />FINANCIAL WARRANTY REDUCTION <br />REQUEST <br />PERMITTE NAME / OPERATOR: <br />BELTRAMO LEASING, LLC <br />6335 Great Bear Court <br />Colorado Springs, CO 80923 <br />Phone: 719-544-4744 <br />Fax: 719-544-0247 <br />Dear Mr. Keffelew: <br />The operator desires to reduce the financial warranty from the present <br />amount to one that can be sustained in this time of economic hard times. The <br />operator proposes to accomplish by altering the Mining Plan and the <br />Reclamation Plan. This proposed Technical Revision will address the <br />operators desire to reduce the rate of extraction of material from this gravel <br />pit due to the dire economic conditions of the past couple of years. The <br />operator does not see any improvement likely for the next few years. This is <br />the reason for the reduced forecast. The amount of material coming from this <br />pit will be minimal until the economy bounces back to a normal level that <br />can be sustained.