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r ! � <br /> DeAnn Owen <br /> April 4, 1994 <br /> Page 2 <br /> Tax Year Accrued Taxes x Percentage = Rockdust Portion <br /> 1989-90 $127,590.59 x .2726 = $34,781. 19 <br /> 1991 48,068.31 x .2641 = 12,694 .84 <br /> 1992 43,437. 15 x .2641 = 11,471.75 <br /> 1993 = 4 ,731.26 <br /> $63,679.04 <br /> I confirmed the foregoing interest adjustment with <br /> Rippy. This is the amount that should be netted from the <br /> Rockdust Plant proceeds to pay taxes on Schedule 111391. Again, <br /> the reason for to net property taxes off the top is that property <br /> taxes by statute are senior to the MLRB's and OSM's consensual <br /> lien. Please call if you have any questions or comments. <br /> V truly yours, <br /> 4 <br /> - kVIA <br /> s B. Holden <br /> JBH:je <br /> cc: Cheryl Linden <br /> Steve Seifert <br /> John Reeves <br /> Bob Delaney <br />