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FROM :NRTURRL RESOURCES SEC. 303 866 3SS6 199S,12-11 10:68 #667 P.O4l13 <br /> Date Purchaser Property ID Sale Price <br /> Coal Basin - Land <br /> Exchange with <br /> 7/24195 Wildcat Sale U.S.F.S $3917895.54 <br /> Coal Basin - Land <br /> Exchange with <br /> Closing 1215195 Beckett Sale U.S.F.S. $625,800.00 <br /> Under contract. Coal Basin - Land <br /> Closing Delayed Exchange with <br /> Closing 3115196 Telluride Sale U.S.F.S. $99,700.00 <br /> Under contract. <br /> Anticipated Coal Basin - Land <br /> closing by Exchange with <br /> 31I5/96 Lindner Sale U.S.F.S. $199,000.00 <br /> Coal Basin - Land <br /> Exchange with <br /> Under contract. Electra Sporting Club U.S.F.S. $247,000.00 <br /> ** Another $300,000 realized from the sale of plant and equipment on the site to another <br /> purchaser. These funds were (except for property taxes) paid to the DMG. Pitkin Iron's <br /> administrative claim does not request reimbursement for its costs of cleaning the Limestone Plant <br /> Site. <br /> At the same time the plan was being developed to liquidate Debtor's properties after <br /> remediation and reclamation, DMG itself was taking an active role in the remeftdon of the <br /> mine site. For example, in the summer of 1993, DMG issued twenty-two (22) Notices of <br /> Violation (*X0Vs") requiring Debtor to take certain actions at the mine site with the goal of <br /> preventing environmental damage. Debtor complied with and eventually abated all of the NOVs <br /> issued by DMG. 'The means by which Debtor was able to remediate and reclaim the properties <br /> and prepare them for sale and also comply with the various orders issued by DMG was through <br /> the work of Pitldn Iron. <br /> Many courts have held that remediation and reclamation activities performed by <br /> governmental agencies are entitled to admirdstrative expense priority. Lancaster v. Tennessee <br /> n re Wail Tube & Metal Prod, Co.), 831 F.2d 118, 124 (6th Cir. -1987) (state entitled to <br /> 3 <br />