1993-12-23_GENERAL DOCUMENTS - C1981017 (2)

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PETER C LIEN 1898-1969 CHARLES H LIEN PRESIDENT D BRUCE H LIEN CHAIRMAN OF THE BOARD PETE LIEN COO �j ROBERT J SCHURGER,EXEC VICE PRESIDENT-MANAGER aCRUSHED STONE • HYDRATED LIME •QUICK LIME • ROCK PRODUCTS Office&Plant located at Interstate 90& Deadwood Avenue • � BOX 440 RAPID CITY.SOUTH DAKOTA 57709 TELEPHONE AC 605-342-7224 y� FAX 605 342-6979 y S011S, Inc. December 23 , 1993 Robert Delaney Executive Vice President and General Counsel � �4 d-^ -stir n Resources, In^ ','jai a•11u ♦.Cia aC.a=.� .,.. , . Glenwood Springs, Colorado 31602 Dear Mr. Delaney: You have advised that you have rejected my November 11, 1993 offer to purchase certain assets. I would like to make ~ a new offer to purchase. I herein offer, on behalf of Pete Lien & Sons, Inc. , to purchase the equipment in the rock dust plant and magnetite plant and the land and buildings for the total purchase price of '. $410, 000 . $100, 000 should be allocated to the land and buildings. This offer to purchase is expressly contingent upon the following: All environmental remediation be identified and • . corrected by you. Environmental compliance to be certified rt ' tr by an outside nationally recognized environmental engineering firm acceptable to Pete Lien & Sons, Inc. ; 2 . Warranty deed to real property free and clear of all liens and encumbrances ; ~' 3 . Title insurance for the land for a purchase price of $100, 000 subject only to easements of record; 4 . Transference of all existing air quality permits and/or ' receipt of approval for new air quality permits ; 5. Authorization from local authorities to operate under existing zoning; 6. Approval from bankruptcy court ( if needed) ; •, 7 . Approval from Colorado Mine Land Reclamation; C..bw sm- �uca • W umwW mruvuctan•OW0•• . 6 M•wW CIV•ME SOM awc••on I