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,y. . <br />~ " WELBURN, DUFFORD, BROWN 8 TOOLEY <br />1101 [11'. r. wcLio"N ATTORN[YS AT LAW <br />PNIl1P O• Dy/011D 1700 iROADWA7 <br />TNOMAi O.i"OWM <br />oAL[ TooL[r clDaa•IDSi1 DENVER,COLORADO 80290-1199 <br />oAVlo w. ru"aASON <br />w ILLIAM C.110 ii (]O]) a!i•BOIa <br />JONM f. W[LiO11M <br />WILLIAM A. NClA1M <br />iNL"LT J• OuA1L <br />111[NAIID L.-ANTO <br />lATMN7N L.rowCN! Ma}• 6, 1986 <br />PNILy- O. 1AIli [II , <br />011[00117 A. iY[Oi[00[11 <br /> <br />Frank J. Woodrow, Esq. <br />Woodrow, Roushar 6 Carey <br />P.O. Box 327 <br />Montrose, Colorado 81402-0327 <br />Re: Blue Ribbon Mine <br />Dear Mr. Woodrow: <br />1f1:-•_ a <br />sss <br />"AMOALL J. r[U["iT[IM <br />1.111111{ INOLi11[T![M <br />DIAN( L•i1I11"NAI10T <br />iT bN[N J. suurvwN <br />JOHN N.frIL 1.AN[ <br />[LL[N TOLL <br />DOLIO Ui P. "u[OS[00[R <br />[OWA11D D. WNIT[ <br />P[OOT J.ANO[RlON <br />In response to your letter of April 14, 1986, please <br />be advised that the Allens' offer stated on page 2 is not <br />acceptable to Grand Mesa Properties Company ("GMPC") and Blue <br />Ribbon Coal Company ("BRCC"). We believe that the Allens have <br />been fully compensated to the extent contemplated in the <br />Purchase Agreement of December 31, 1975. GMPC and BRCC have an <br />alternative proposal, which is described below following an <br />explanation of its basis. <br />As you know, the Blue Ribbon Mine is comprised of <br />three parcels. The first is the approximately 160 acres of <br />coal rights reserved by the Allens in the Warranty Deed of <br />March 15, 1956. All mineable coal has been extracted from this <br />parcel. The original mine portal was located on this tract at -- <br />the time of the 1975 Agreement, but was abandoned prior to <br />GMPCS' acquisition of the mine in 1981. <br />The other parcels are two subleases of Federal Coal <br />Lease No. C-033301 from the lessee, United States Steel <br />Corporation. Sublease I covers the easternmost 184 feet of Lot <br />19 and all of Lots 20 and 21 in Section 35 of T. 12 S., R. 91 <br />W., 6th P.M., totaling approximately 80 acres. It was <br />originally granted to Sunflower Energy Corporation on July 28, <br />1976, then assigned to the Blue Ribbon Limited Partnership <br />(unaffiliated with BRCC) on September 19, 1977, and further <br />assigned to GMPC'on September 17, 1981. As required by Section <br />29(i) of the original federal coal lease, Section 19 of the <br />Coal Lease Readjustment dated July 1, 1980, and 43 C.F.R. <br />Subpart 3453, the sublease and subsequent assignments thereof <br />were approved by the Bureau of Land Management ("BIM") <br />effective December 1, 1976, February 1, 1978 and August 1, <br />1982, respectively. <br />Obj. E <br /> <br /> <br />