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assets, excluding cash, cash equivalents and accounts receivable, pursuant to 11 U.S.(:.. § <br />363 and the Debtors' and Railroad Trustee's First Amended and Restated Joint Plan of <br />Reorganization Dated December 1, 1992 and in connection with this Motion represents the <br />following: <br />1. These Chapter 11 cases were commenced by voluntary petitions filed an <br />November 7, 1990. <br />2. By order entered February 12, 1993, this Court confirmed, pursuant to 11 <br />U.S.C. § 1129, the Debtors' and Railroad Trustee's First Amended and Restated Joint Plan <br />of Reorganization Dated December 1, 1992 (the "Confirmed Plan"). <br />3. The Effective Date of the Confirmed Plan was March 3, 1993. <br />4. Section 53 of the Confirmed Plan provides: <br />Use. Sale. or Lease of Remainine Prooertv. All property of the Debtors or of <br />the Debtors' estates not sold under the Asset Purchase Agreement shall be <br />used, sold, or leased in an orderly manner using such methods as are <br />appropriate in the discretion of the Reorganized Debtors to obtain for holders <br />of Claims entitled to distributions out of such property the highest net value <br />from such remaining assets within a reasonable period of time. <br />5. In accordance with section 53 of the Confirmed Plan, CF&I has actively <br />solicited offers for the sale of its assets. <br />6. CF&I has received an offer and entered into a Vacant Land Contract to Buy <br />and Sell Real Estate and Minerals, as amended, (the "Contact"), with Farrell-Cooper <br />Mining Company relating to the sale of real estate, minerals and water rights more <br />2 <br />