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1994-02-24_GENERAL DOCUMENTS - C1981017
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1994-02-24_GENERAL DOCUMENTS - C1981017
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Last modified
2/1/2021 4:39:51 PM
Creation date
5/1/2012 10:16:37 AM
Metadata
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Template:
DRMS Permit Index
Permit No
C1981017
IBM Index Class Name
GENERAL DOCUMENTS
Doc Date
2/24/1994
Doc Name
Letter Regarding various matters related to Resources Bankruptcy case
From
Holden & Jessop PC
To
Assistant Attorney General Office
Permit Index Doc Type
General Correspondence
Media Type
D
Archive
No
Tags
DRMS Re-OCR
Description:
Signifies Re-OCR Process Performed
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FEB 2 4 REC'0 <br /> HOLDEN & cJESSOP, P.C. <br /> ATTORNEYS AT LAW <br /> 303 EAST 17T. AVENUE, SUITE 930 <br /> DENVER, COLORADO 8 0 2 0 3-1284 <br /> (303) 860-7700 <br /> FACSIMILE: (303) 860-7233 <br /> February 23, 1994 <br /> Cheryl A. Linden <br /> Assistant Attorney General <br /> 1525 Sherman Street, 5th Floor <br /> Denver, Colorado 80203 <br /> Re: Mid-Continent Resources, Inc. ( "Resources" ) <br /> Dear Cheryl: <br /> I am writing about various matters related to Resources' <br /> bankruptcy case. <br /> Several weeks ago we spoke about Resources' offer to <br /> amend the Plan to delete the provision staying the litigation <br /> against Resources' corporate parent and officers and employees. <br /> You indicated that you would take this up with the Mined Land <br /> Reclamation Board (the "Board" ) . I have heard nothing from you <br /> since. As I mentioned in our last conversation, it would be <br /> helpful, in dealing with Sanwa, if the Board would respond <br /> favorably to Resources' offer. <br /> In the meantime, I am receiving ballots from unsecured <br /> creditors on the Plan. Several million dollars of unsecured <br /> creditors have accepted the Plan and only a few have rejected the <br /> Plan, so the early returns indicate that the Plan will be accepted <br /> by unsecured creditors. <br /> At a recent meeting with the Forest Service, Mike Long <br /> reportedly said that he expected Resources to be performing <br /> reclamation this Summer. I repeat what I said in my letter of <br /> January 31: Resources is willing to fund the reclamation bond, with <br /> the proceeds to be held by the Board and expended by the Board, <br /> because that appears to the Board's desire. If Resources does <br /> this, it cannot be responsible for performing mine reclamation <br /> because the Board rather than Resources will have custody of the <br /> funds. If the Board has changed its position and now wishes <br /> Resources to carry out the reclamation project, Resources is <br /> willing to do so but the Plan would need to be amended to give <br /> Resources access to the funds made available for reclamation. <br /> There seems to be some confusion on the State's part as to what it <br /> wants from Resources. <br /> With respect to the disposition of the Rockdust Plant, <br /> Bob Delaney has been keeping the Division informed as to sales <br />
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