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MIDCON REALTY LLC <br /> P.O. Box 2115 <br /> PHONE 1001 Grand Avenue, Suite 106 FAX <br /> (970) 9445 7148 Glenwood Springs, Colorado 81602 (970) 945-2303 <br /> March 6, 2002 <br /> Mike Long <br /> Director <br /> Division of Minerals & Geology <br /> 1313 Sherman St. <br /> Suite 215 <br /> Denver, CO 80203 <br /> Steve Renner <br /> Division of Minerals & Geology <br /> 101 S. 3rd St. <br /> Suite 301 <br /> Grand Junction, CO 81501 <br /> RE: Completion of Reclamation. Coal Basin and Carbondale Load-out Site. <br /> Gentlemen: <br /> In the Settlement Agreement dated June 18, 1999, and entered as Stipulated <br /> Order of Court , it was agreed at ¶12- that : <br /> "As part of this Settlement Agreement, DMG specifically agrees to complete <br /> reclamation on the real estate within Coal Basin currently owned by MidCon ... so <br /> that no additional reclamation obligation will remain with respect to that <br /> property....DMG agrees that upon completion of the reclamation on the MidCon <br /> property within Coal Basin, it shall execute a document releasing the property <br /> from any further reclamation obligation due to past mining activities in Coal <br /> Basin. Such document shall be record able in the real property records of Pitkin <br /> County, Colorado. Should DMG complete reclamation in Coal Basin for less <br /> than the amounts specified in paragraph 4, above, any remaining funds shall be <br /> paid to the Trustee." Settlement Agreement, Page 7. <br />