1994-01-28_GENERAL DOCUMENTS - C1981017 (2)

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FED-01-1994 09:12 ROBERT DELANEY 303 945 2303 P.04 8qBANK cISHOP �JWUCACCDUNTANTS 731 EAST DUMW AVEMIE UMT 7A January 28, 199 ASPEN.COLOU O e1611 (303)man FAX M 0-50 30 MIAGE LANE.CAf0mDAIE CAE16Z' Bob Delaney (M)%3.3M FAX PM)%M6M Delaney 6 Balcomb 818 Colorado Avenue Glenwood Springs, Co 81601 Dear Bob: This letter is to set forth my offer to purchase the 17.6 acres on Road 100 Garfield County, which I will refer to as the "Limestone Plant Site". It is my desire that this letter will be followed by a receipt and option contract, should you obtain the necessary approvals from the required parties. The corners of the property need to be surveyed and flagged so that I can visually locate the property. I will purchase the property for $147,600.00 cash at closing with a $14,760.00 earnest money deposit. Closing would be 90 days from the execution of the receipt and option contract, or sooner by mutual agreement. The deed could be a special warranty deed with title insurance as long as the title is considered proper per my attorneys review. There can be a provision for a common road thru the property to service this property and other parcels owned by Mid-Continent. I assume we would need to locate this easement on the property prior to closing. We can provide for the removal of the existing structure (not including the concrete pad) within a 6 month period after closing and a $40,000.00 escrow deposit of the purchase price would be held until removal and cleanup of the site were complete. I would like a signed copy of the license agreement from the Denver Rio Grand Railroad Company for review by my attorney. Should you have any questions please call me. Si rely, Zk Tf1T/1 f1 !'?A