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GENERAL33643
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Last modified
8/24/2016 7:55:30 PM
Creation date
11/23/2007 7:41:57 AM
Metadata
Fields
Template:
DRMS Permit Index
Permit No
M1977376
IBM Index Class Name
General Documents
Doc Date
5/18/1993
Doc Name
MEMO DECISION & ORDER RELATED TO DESTORS OBJECTION DATED 10/02/92 TO CLAIM OF MLB DEBOTS MOTION DATE
Media Type
D
Archive
No
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`~ <br />through the following pleadings: 1) Objection dated 10-2-92 to Claim of the Colorado Mined <br />Land Board, filed by CF&I Steel Corporation and Colorado-Utah Land Company, two of <br />the chapter 11 debtors in the above-referenced, jointly administered case (collectively <br />CF&I)'; 2) Motion Dated 11-2-92 jor Abandonment of Certain Pemtitted Mining Land in <br />Colorado, filed by CF&I; 3) Colorado Mined Land Reclamation Board Motion dated <br />November 4, 1992 jor Leave to Ptusue State Remedies to Ensrue Reclamation ojMine Sites <br />in Colorado or, in the Alternative, jor Relief from Automatic Stay; and 4) Motion Dared <br />November 2, 1992 to Amend Proof of Claim, filed by the Colorado Mined Land Reclamation <br />Board (Colorado). <br />The evidence was presented on December 9, 1992. Supplemental briefs and <br />closing arguments were submitted thereafter in writing. The court has now weighed the <br />evidence, considered the argumenu of counsel, and made an independent review of <br />applicable case law. Based thereon, CF&I's motion to abandon the Quatry is granted, <br />Colorado's motion to lift the stay is granted in part and solely for the purpose of proceeding <br />with a permit revocation and bond forfeiture hearing, and Colorado's contingent claim is <br />determined to be an unsecured pre-petition obligation and is fixed at $222,(162 less offseu <br />representing the amounts realized from forfeiture of financial warranties in favor of <br />Colorado. <br />` The Of5cial Unsecured Creditors Committee participated in these proceedings. Tae <br />Committee's position is generally the same as that of CF&[ and, for the purposes of this opinion, its positions <br />are included in references to the legal and evidentiary arguments of CF&L <br /> <br />
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