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<br />Please review the attached letter from ARCO, plus the expenditure <br />table I have prepared, and let me know what you think. One possible <br />alternative, at least for the present, is to obtain a more accurate <br />written estimate from an experienced demolition contractor for <br />demolishing the silos assuming regular use of the rail line and the <br />presence of energized power lines. Such an estimate would cost us <br />between $200 & $300 which we could pay for using remaining bond <br />monies. ARCO may also be willing to pay for a written estimate. <br />TABLE I. Hawk's Nest Mine - Bond Expenditures as of 11/22/91: <br />TOTAL BOND AMOUNT AVAILABLE: $624,803.05 <br />EXPENDITURES TO DATE: <br />Project Description <br />-------------------------------- <br />West Area Demolition & Regrading <br />East Area Demolition & Regrading <br />West Area Revegetation <br />East Area Revegetation <br />East Area PCB Sampling <br />East Area Hazardous Waste Sampling <br />---------------------------------- <br />REMAINING WORK: <br />Task description <br />-------------------------------- <br />Reclaim de-gas wellfield <br />Reclaim refuse disposal area <br />Future reseeding costa <br />Future site maintenance costs <br />Project Number Amount <br />----------------------------- <br />RN-COAL-MINES-2 $98,629.00 <br />+1 change order $1,760.00 <br />RN-COAL-MINES-4 $114,140.00 <br />RN-COAL-MINES-5 $14,594.00 <br />RN-COAL-MINES-6 $12,200.00 <br />N/A $900.00 <br />N/A $3,295.00 <br />--------------------------- <br />TOTAL TO DATE: $245,518.00 <br />FUNDS REMAINING: $379,285.05 <br />Preliminary <br />Estimate <br />------------------- <br />$10,000.00 <br />$25,000.00 <br />$20,000.00 <br />$10,000.00 <br />Silo facility demolition & reclamation ? <br />----------------------------------------------------------------- <br />SUBTOTAL: $65,000.00 <br />PROBABLE FUNDS AVAILABLE TO RECLAIM SILO FACILITY: $314,285.05 <br />