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FRGM : Panasonic TAD/FAX PHONE NO. 9454958 Mar. 07 1994 11:30AM PO4 <br /> � r <br /> Cheryl A. Linden <br /> March 2, 1994 <br /> Page 3 <br /> With respect to the sale of the Carbondale Industrial <br /> Park, I believe we are now able to proceed with the offer from the <br /> Town of Carbondale. I have been attempting to contact the Town's <br /> attorney about a few minor details, and I hope to file the sale <br /> motion next week. . The sale is for $1,125,000, but some funds, <br /> probably in the range of $50,000 or less, will need to be expended <br /> for environmental cleanup. There also are some real property taxes <br /> to be cleared at time of sale. <br /> We nonetheless expect the. gale.,�q a:. ..Carbondale <br /> Industrial Park to net about $1 million. Under_;the Plan, about <br /> $700,000 of this amount would be payable to the MLRB for <br /> reclamation and another $80,000 would be available for other <br /> environmental remediation of the Mine Site. <br /> The Carbondale Industrial Park, together with the <br /> Rockdust Plant, thus should generate a total of $1.2 million which <br /> would be available to be spent on reclamation this year. Resources <br /> believes this exceeds the amount that can be reasonably expended <br /> under any realistic reclamation schedule. <br /> Very truly yours, <br /> J s B. Holden <br /> JBH/je <br /> cc: Bob Delaney <br /> Joel Cantrick <br /> DeAnn Owen <br />