_GENERAL DOCUMENTS - C1981017 ‎(232)‎

• Permit No: C1981017
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Name: Bid Documents ‎(IMP)‎ 1998 Correspondence
• Permit Index Doc Type: General Correspondence
• Media Type: D
• Archive: No

Mr. Kevin Riordan
Mr. Steve Coupal
March 3, 1998
Page - 2 -
Specifically, this is a follow - through on the program
outlined in the letter from J. Boyd Mitchell as President of
White River National Forest Association, dated August 22, 1997
with attachments with modifications including retention of the
remainder of the Preparation Plant tract in private ownership.
We continue to hope and believe that a cooperative
effort will make it possible to carry out the post- mining
planning objectives outlined and adopted with Forest Service
concurrence many years ago as part of Mid - Continent's post- mining
land use plan.
Documents recently obtained from the Colorado DMG
declare an intent to remove the lamphouse, the power line leading
to the lamphouse, the one remaining building at the Preparation
Plant site, the water tank, and to cut a major trench apparently
across the parking lot. These activities will destroy most of
what is left of the infrastructure that would support planned
recreation activities within Coal Basin.
Under date of May 15, 1996 an agreement was entered
with the Forest Service to transfer by exchange the Preparation
Plant tract into federal ownership "on an expedited basis in
order to provide funds to complete reclamation of disturbed areas
and to meet the requirements of the Bankruptcy Liquidation Plan .
". This agreement by its terms expired May 15, 1997.
However, 55 acres of the Prep Plant tract were exchanged to the
Forest Service (the Timroth transaction) and contract was entered
for exchange of an additional tract called the "Raintree
Contract" which was extended to February 27, 1998 and has now
expired.
The mine closed in January, 1991. The Bankruptcy
Liquidation Plan of Mid - Continent Resources, Inc. became
effective in July, 1994, and anticipated being closed out in
1996. The principals in the Mid - Continent companies feel that
this liquidation program should be brought to a conclusion and
for that reason have adopted a plan whereby the remaining real
estate in the bankrupt estate will be acquired from the