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First Motion, as amended on March 10 , 1993 , was approved by Order <br /> of this Court dated March 22 , 1993 . Pursuant to the Court ' s <br /> Order, Resources was authorized to use cash collateral only for <br /> those purposes and in those amounts as set forth in the First <br /> Motion. <br /> 5 . The First Motion requested the use of cash <br /> collateral for ( i) long term reclamation projects ( ii ) repair of <br /> equipment to be used for reclamation projects , ( iii ) subdivision <br /> of an industrial park to enhance marketing prospects , ( iv ) <br /> professional fees , and (v) operational expenses for the first <br /> cuarter of 1993 . Pursuant to the Second Motion, Resources now <br /> desires to obtain authorization to use additional amounts of cash <br /> collateral for other purposes as set forth in Section III below. <br /> II . Cash Collateral Held in Estate <br /> 6 . Pursuant to Court authorization, Machinery & <br /> Equipment Co. , Inc . ( "M&E" ) has been selling equipment pursuant <br /> to a confidential price list. The proceeds of equipment sales <br /> first have been used to repay certain advances made to Resources <br /> by M&E and approved under Section 364 of the Bankruptcy Code, and <br /> to pay commissions and costs of sale; the balance of the proceeds <br /> has been distributed to Resources and is held in a debtor in <br /> possession account. The equipment liquidation program is <br /> expected to continue for several years . <br /> 7 . In November 1992 , Resources closed the sale of a <br /> 160 acre tract of undeveloped real propertN located in Pitkin <br /> County, realizing net sales proceeds of $159 , 500 . <br /> E . Since Resources has not conducted mining <br /> operations during the bankruptcy case, there was no cash <br /> collateral in the estate until Resources began receiving <br /> licuidation proceeds . The liquidation proceeds described above <br /> are cash collateral. As such, these funds are subject to the <br /> cash collateral restrictions set forth in Section 363 of the <br /> Bankruptcy Code. As stated above, Resources received prior Court <br /> authorization to use a portion of the cash collateral pursuant to <br /> Section 363 of the Bankruptcy Code. Resources now seeks <br /> authorization to use an additional portion of the accumulated <br /> cash collateral in accordance with Section 363 , for the purposes <br /> set forth below. <br /> III. Cash Collateral Recuest <br /> 9 . Resources has an :immediate need to use cash <br /> collateral for various purposes including first quarter expenses <br /> exceeding the First Motion authorization and ongoing liquidation <br /> -L- <br />