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FROM -NATURRL RESOURCES SEC. 303 866 3558 199S,12-13 14:36 #712 P.03107 <br /> 73Uzjo�� Bc J�ssop. P.C. <br /> ATTOAMS*%At LAW <br /> *03 641 4714 AVALNUCi SUITS 010 <br /> OCNvISA, cCLa AACC 002959-128.6 <br /> (cos► OMo.ffoo <br /> rACSiMILt:►som aeaTsaa <br /> December 13, 1995 <br /> VIA FAC818QYLr E <br /> Cheryl A. Linden <br /> Assistant Attorney General <br /> 1525 Sherman street, 5th Floor <br /> Denver. Colorado a0203 <br /> Re: Mid-Continent Resources, Inc. ("MCR") <br /> Dear Cheryl: <br /> I am writing in response to your letter of November 6, <br /> 1995. MCR is disappointed that the DMG chose not to respond <br /> favorably to MCR•a proposal to borrow funds from Sanwa Business <br /> Credit corporation. The loan would have funded the balance of <br /> reclamation paymenta due under MCRfs confirmed Bankruptcy plan. <br /> The purpose of the proposed loan, was to eliminate uncertainties as <br /> to the timing of sales of MCR's property, thereby assuring the <br /> timely completion of reclamation activity, <br /> Your latter states that MCRIs proposal to borrow funds <br /> from Sanwa is based on MCR1a development of the mine site for <br /> residential and recreational use, that local approval for this <br /> development has not been obtained and will not be obtained for some <br /> time; and that it therefore ' is "premature for the Division to <br /> evaluate whether changes to the reclamation plan can be made to <br /> accommodate the development plan, . . . The Division cannot agree <br /> to change reclamation requirements based on a proposed development <br /> plan that may change in the future or may not be approved by the <br /> county. " <br /> I want to briefly discuss the development of the mine <br /> site, because there is some apparent confusion regarding the need <br /> for local approval of a development plan. I then want to respond <br /> to other questions and comments contained in your letter. <br /> Development of Mine Site <br /> Aeferring back to my October 3. 1995 letter to you, I <br /> stated that while MCR anticipated that the Preparation Plant Tract <br /> would be developed as a planned unit development to be approved by <br /> Pi,tkin County, "the proposal outlined above is not conditioned -on <br /> c,�aa+r�NmaemlU,IIb1n1 ii <br /> a'd dossat '8 W_x, 10H waz b:2 i s6. Et 33Q <br />