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• FROM Panasonic TAD/FAX PHONE NO. : 9454958 Apr. 12 1994 05:11PM P02 <br /> OPPIC$ OP OWE"L COUNSEL <br /> MID-CO24TINIMT RwouRCSS, INC. <br /> P.O.DRAWER M <br /> 016 OOIARADD AVENUE <br /> TELEPHONE OLENWOOD SPRINGS,COLORADO 81602 PAX <br /> AREA CODE 303 AREA OWE 305 <br /> 945.6546 94S-M <br /> April 12, 1994 <br /> Mr. Mark Fuller <br /> Environmental Coordinator <br /> Pitkin County <br /> 130 South Galena Street <br /> Aspen, CO 81611 <br /> Re: Coal Basin <br /> Dear Mark: <br /> Thank you for advising me that we have been scheduled to <br /> meet with the Board of County Commissioners of Pitkin County at a <br /> work session on April. 19, 1994. You advised you are notifying the <br /> U. S. Forest Service and Division of Minerals and Geology of <br /> Colorado in case they wish to attend. <br /> A brief summary of matters that I believe should be <br /> covered is as follows: <br /> 1.0 Current situation with reference to Mid-Continent <br /> Resources bankruptcy, <br /> On April 11, 1994 a Plan was approved in the United <br /> States Bankruptcy Court at Denver providing for the completion of <br /> liquidation of the MCR assets, including sale of the Coal Basin <br /> real estate. <br /> Under the Plan, allocation of approximately 70t of the <br /> net assets (up to $3,000,000 less certain credits) is allocated to <br /> reclamation and environmental matters, primarily in Coal Basin in <br /> western Pitkin County. Reclamation has been proceeding and will <br /> proceed according to the previously approved Reclamation Plan. <br /> A substantial part of the Coal Basin reclamation was <br /> performed during the working season of 1993. As soon as weather <br /> permits, the program will be resumed. The removal of structures by <br /> Machinery & Equipment Company/A. M. King, salvage contractors, will <br /> continue. <br /> The reclamation program carried on during the summer of <br /> 1993 by MCR through contractors will be continued during the 1994 <br /> campaign under negotiated contractual arrangements between the DMG <br />