Laserfiche WebLink
(appraised value assuming reclamation) up front. A PUD will <br /> take a year or two for the County to deal with, according to <br /> County planner Mark Fuller. It's been almost five years <br /> since the mines closed. Many of us don't want to wait <br /> another --year or two" . It's now been over a year and eight <br /> months since the liquidation plan was confirmed. Why can't <br /> you request the bankruptcy court to require Mid-Con to <br /> 'liquidate" and sell all its properties now? Surely it was <br /> implied in the liquidation plan that the sales would occur <br /> within a reasonable time. <br /> Also I again respectfully request that you furnish us the <br /> accountings you have been getting from the creditors' <br /> trustee so that we can determine these matters ourselves. <br /> Enclosed is a recent statement of --Funds needed To Satisfy <br /> Bankruptcy Plan" submitted by James Holden. It appears to <br /> indicate that $1, 286,414. 56 is due DMG to fund the Class 5 <br /> reclamation claim. Is this correct? This figure is arrived <br /> at by charging $302 ,475.21 for --Expenses incurred prior to <br /> Plan Effective Date" . In his 1/21/94 memo (page 6) Holden <br /> said the total pre-plan work was $258,960. 00, to be reduced <br /> to a credit of $200, 000. 00 because some of the work was not <br /> for reclamation. Why is this credit to Mid-Con now over <br /> $300, 000. 00? <br /> Holden's recent statement also indicates you received <br /> $68, 277 . 25 from the Wild Cat Ranch exchange. Did you receive <br /> this? Newspaper articles and other letters indicate that all <br /> of the Wild Cat proceeds went to pay back taxes. <br /> Finally, Holden's recent statement indicates you are being <br /> charged with $79,952.25 for '-Expenses incurred after Plan <br /> Effective Date" , apparently incurred by Mid-Con or Pitkin <br /> Iron. Is this correct? Why is this deducted from your <br /> reclamation moneys when the plan provides for credit only <br /> for court ordered pre-plan reclamation work (paragraph <br /> 4 . 3 . 2 (iii) ) ? <br /> Thanks for any information you can give us regarding these <br /> matters. <br /> Sincerely, <br /> 4�omkas <br /> T. Crumpacker <br /> cc: Task Force, Delaneys, various interested parties <br /> 2 <br />