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exchange for the State dropping whatever claims for relief which it <br /> may have against the Mid-Continent parent and sister corporations. <br /> The negotiations with Sanwa and Mid-Continent are aimed at ensuring <br /> that reclamation of the site is initiated this construction season, <br /> and completed in a reasonably short period of time. Reclamation <br /> will be timed to the extent possible so that it coincides with the <br /> ongoing surface equipment salvage operations. <br /> The Division has recently learned that a Utah corporation, Redstone <br /> Development, may be interested in purchasing the site. It is our <br /> understanding that Redstone wishes to reactivate the permit and <br /> post a reclamation bond with the State. We have informed Mid- <br /> Continent that the Division is interested in working with any party <br /> capable of posting sufficient surety. Although we have been told <br /> that purchase funds and surety assurances have been escrowed, we <br /> have not been contacted by Redstone directly. Therefore, we remain <br /> guardedly optimistic that this scenario will develop to fruition. <br /> CC: Dan Hernandez <br /> Tony Waldron <br /> C: \WP51\MIDCON.sgr <br />