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<br />J ~ ' • William Taylor Phillips • <br />Attorney at law <br />817 Colorado Avenue <br />Sure 209 Telephone: <br />Glenwood Springq Coloredo 81601 (303) 945-4457 <br />November 28, 1990 ~~ ~~ ~p ~ -~ <br />~11- ~ c~ <br />Colorado Department of Natural Resources <br />Mined Land Reclamation Division NO V 2 g 1990 <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 Mined Land <br />Attn: Barbara Chiappone Reclamatio <br />n Division <br />Re: Permit File #M-87-074, Annual Report of Dotsero Quarry <br />Dear Ms. Chiappone: <br />This letter shall constitute the annual report of Dotsero Block, <br />Inc. I represent George E. and Betnice Morrison and Donald C. and Shirley <br />Jensen who are beneficiaries under a first lien deed of trust to the real <br />estate and mining claims owned by Dotsero Block, Inc. <br />Please be advised that Dotsero Block, Inc. filed for protection <br />under Chapter 11 of the U.S. Bankruptcy Code on April 9, 1990. The Debtor <br />operated under protection of the Bankruptcy Court until October 24, 1990 when <br />its case was converted to a case under Chapter 7 of the U.S. Bankruptcy Code. <br />After conversion operations ceased and a Trustee was appointed to oversee <br />liquidation of the Debtor's assets. The Trustee's name and address is Martin <br />E. Long, Esq. 624 Market Street, #202, Denver, CO 80202. <br />In the near future my clients, the Morrisons and Jensens, will <br />seek permission from the Bankruptcy Court to foreclose their deed of trust. <br />They anticipate that Bankruptcy Court approval will be given for such <br />foreclosure within the next fi weeks. Shortly thereafter the Morrisons and <br />Jensens will commence foreclosure proceedings in Eagle County, Colorado. It <br />is anticipated that my clients will be successful bidders at a future <br />foreclosure sale and subsequently will again be the owners of the subject real <br />estate and mining claims. <br />The above scenario represents our best guess as to what will <br />occur in the future. If events do not unfold as predicted we will notify the <br />Mined Land Reclamation Division with an update. <br />If the above information is insufficient to provide the basis of <br />the required annual report please contact me so that any additional <br />information may be provided. <br />Sincenrely, <br />~r ~ I <br />WilliY/Y/a//m T. Phillip <br />WTP/ckh <br />cc: Martin Long, Esq. <br />