Kinetic Park Construction Update

KINETIC PARK

SITE GRADING CONTRACT

PROGRESS REPORT NO. 2

Progress through: June 15, 2001
Notice to Proceed: March 23, 2001
Contract completion time: 270 days
Contract completion date: December 18, 2001
Contract days expired: 85 days
Rain Days: 12 days
Percent complete based on days: 31.5%
Amount billed to date: $1,094,623.22
Contract value: $7,511,643.64
Percent complete based on billing: 14.5%

STATUS OF WORK ITEMS

1. Clearing & Grubbing - 85% complete
2. Burning - 95% complete
3. Excavation - 7.3% complete (Note: contractor has started two shifts dailey)
4. Soil & Erosion Control - Phase 1 - complete and approved by WYDEP
5. Sedimentation Pond #1 - 90%
6. 60-inch culvert - complete
7. Low water crossings - complete
8. 48-inch culverts - complete
9. The contractor has blasted a total of times

SCHEDULED WORK - NEXT REPORT PERIOD

1. Construction of new Fourpole Creek channel
2. Continuing excavation of business area and placement of fill in commercial area

WORK FORCE

The contractor has submitted certified payrolls for the project through May 31, 2001. A breakdown of employee addresses from the submissions are as follows for the last two payrolls submitted:
Period Ending Total Employees 0-25 miles 25-50 miles Over 50 miles
5/19/01 17 8 8 2
5/26/01