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1 <br /> also have suggestions or comments, which I have not received. <br /> I believe it would be a good idea to expose this property <br /> to the market as a whole, prior to completion of reclamation, but <br /> subject to such completion in accordance with MLRD requirements. <br /> If the property cannot be sold as an integrated parcel <br /> then consideration should be given to selling off parcels. In this <br /> event, prior negotiation should occur with the Forest Service and <br /> Pitkin County with respect to access. If the property is sold in <br /> parcels, then an association or other type of organization should <br /> be formed to provide for road maintenance and for dealing with the <br /> Forest Service on access questions. This would facilitate <br /> transition to post-mining uses. <br /> 7. An offer has been received through Pat Fitzgerald, <br /> dba The Glenwood Brokers, Limited, from GMCO Corporation to <br /> purchase one acre from the Fabrication Shop Tract for $76, 230 or <br /> $1 .75 per sq. ft. <br /> I have suggested a counter offer should be made at $2.00 <br /> per sq. ft. <br /> An estimate of valuation on the Industrial Park and <br /> Fabrication Shop Tract has been prepared by Mason & Morris, <br /> reliable brokers in Carbondale, of which copy is attached. <br /> If the property is not appraised by an MAI Appraiser, <br /> then I presume the next best alternative would be to solicit <br /> suggestions from brokers as to what they think the sale value of <br /> the property would be and proceed with a listing to one of the <br /> brokers, requiring multi-list involvement. <br /> Any and all listing of real estate should be subject to <br /> purchase by Garth Boswell & Associates, in which event no real <br /> estate commission would be paid. <br /> 8. If the machinery from the Rock Dust Plant is sold, <br /> then a marketing strategy and estimated value should be established <br /> on the Rock Dust Plant tract. <br /> 9. In view of the obvious inadequacy of sale value on <br /> the Rock Dust Plant to complete reclamation, a strategy should be <br /> devised to pay for such reclamation on a timely basis. I have <br /> suggested the best alternative would be to commit sales proceeds on <br /> Coal Basin real estate toward reclamation to the extent such <br /> proceeds are required. This would presuppose that interim use <br /> could be made of available money to proceed with reclamation, under <br /> an agreement that such advances would be recaptured from sale <br /> proceeds on the Rock Dust Plant or on the Coal Basin real estate, <br /> or both. <br /> 3 <br />