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Louis M. LaGiglia <br /> Trustee for <br /> Mid-Continent Resouroes, Inc. <br /> P.O. Box 500 <br /> Carbondale, Co S1623 <br /> Phone (970)963-2581 Fax (970)963-281E <br /> July 27 1995 <br /> Mr . Andrew J. Heinz RECEIVE® <br /> Credit Manager <br /> Sanwa Business Credit Corporation JUL 31 <br /> One South Wacker Drive 1995 <br /> Chicago, Il 60606 <br /> Division of Minerals&Geology <br /> Mr. Jeff Tetrick, CFO <br /> Colorado Compensation Insurance Authority <br /> P.O. Box 241303 <br /> �20 Colorado Blvd. , #100N <br /> Denver, CO 80224 <br /> Dear Andy and Jeff: <br /> Enclosed is the June, 1995 report for the Creditor's Trust. <br /> Please note that the report shows a negative amount available <br /> for distribution. This is a result of expenses incurred and not yet <br /> paid. The $385, 000 distribution was made to DMG on 6/26/95. <br /> As suspected the bids received by the DMG for this years <br /> reclamation work were extremely high. In some cases four to six <br /> time higher than the bids MCR had obtained last year. I have <br /> written Mike Long about this and included an analysis of the bid <br /> packages prepared by Mike Savage of Savage and Savage and Greg <br /> Lewicki . (Letters enclosed) <br /> Also enclosed is a separate letter regarding the firs-- <br /> exchange/sale of coal basin property. <br /> If you have any questions about this report, please contact <br /> me. <br /> Very truly yours, <br /> Louis M. LaGiglia <br /> Trustee <br /> cc : Jim Holden <br /> Mike Long <br />