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COMPASS LAND <br /> GROUP <br /> March 4, 2029 (Condition of Approval No. 14 [Duration of Approval]); however, GRI is not <br /> anticipated to exhaust mineral reserves at the Bellino Quarry and Hendrick Quarry (which supply <br /> the M&P Facility) until 2054. <br /> The M&P Facility, Bellino Quarry,and Hendrick Quarryoperate under separate Quarry Excavation <br /> Permits ("Permit" or "Permits") issued by the County. GRI is seeking a time extension to each <br /> Permit (and associated text update to the phasing schedule of the reclamation plans)to align the <br /> term of all three entitlements with the life of remaining permitted aggregate reserves ("Project"). <br /> Specifically, GRI seeks the following changes to the existing entitlements: <br /> 1. Bellino Quarry: Amendment to Revisions of Approved Actions for Quarry Excavation <br /> Application No. PA-0200370 to extend the permit term by 15 years (to December 2044). <br /> Associated text change to the Bellino Quarry Reclamation Plan to update the estimated <br /> reclamation phasing schedule to comport with the requested permit term. <br /> 2. Hendrick Quarry: Amendment to Revisions of Approved Actions for Quarry Excavation <br /> Application No. PA-0400250 to extend the permit term by 25 years (to December 2054). <br /> Associated text change to the Hendrick Quarry Reclamation Plan to update the estimated <br /> reclamation phasing schedule to comport with the requested permit term. <br /> 3. M&P Facility: Amendment to Revisions of Approved Actions for Quarry Excavation <br /> Application No. QX-89-2 to allow for a continuation of an accessory use for 25 years (to <br /> December 2054). <br /> See Attachment A, Proposed Changes to Existing Entitlements for redlined changes to the <br /> existing entitlements to account for the proposed extension of time. <br /> Other than the extension of time,GRI seeks no change to any element of the approved operations <br /> or Permits. The Project would not modify the current productions levels, area of mining, <br /> materials to be mined, or mining methods, and the overall production and processing activities <br /> would be consistent with existing conditions. <br /> PROJECT <br /> Aggregate mining and processing sites in California are notoriously difficult to permit and require <br /> significant capital investment to develop. Once a mine site is operational, it is preferential from <br /> an environmental and operational standpoint that the permitted reserves be fully mined to avoid <br /> the cost and environmental impact of developing alternative sources of aggregate to serve a local <br /> market. As such, it is important for Company and community long-range planning that the term <br /> of the mining and processing permits align with the anticipated life of the aggregate reserve. <br /> -- - - - - Page 2 <br />