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FROM Panasonic TRD/FRX PHONE NO. 9454958 Apr. 12 1994 05:11PM P03__ <br /> Mr. Mark Fuller <br /> April 12, 1994 <br /> Page - 2 <br /> and MCR under the direction of a project engineer, Greg Lewicki, <br /> with oversight by DMG. , <br /> Initial funding for the 1994 work will be from sale of <br /> the Rock Dust Plant property easterly of Carbondale, Colorado which <br /> was pledged as reclamation surety. <br /> Additional funding to make up the remainder of the <br /> $3,000,000 in projected reclamation costs, after credits for work <br /> previously performed, will come from sale of MCR assets, including <br /> Coal Basin real estate. <br /> 2.0 Future lanc? use - Coal Basin. <br /> MCR has proposed a land exchange with the U. S. Forest <br /> Service on approximately 5, 500/6,000 acres extending from Placita <br /> to Dexter Park around the rim of Coal Basin shown on sketch <br /> attached as Tract 1. An outline of this proposal was previously <br /> submitted to you. <br /> Initial response from the Forest Service to the proposed <br /> exchange has been favorable; the Bankruptcy Plan as approved will <br /> accommodate this program; public response thus far has been quite <br /> favorable. It is expected that monies generated through this land <br /> exchange will assist materially in assuring completion of <br /> reclamation of the disturbed areas within Coal Basin. <br /> It is expected that the approximate 455 acres in Coal <br /> Basin where the Coal Preparation Plant, tunnel portals, and mine <br /> support facilities have been located will be reclaimed and offered <br /> for sale. <br /> 3.0 Reclamation and future land use issues. <br /> 3.1 Road access. MCR has proposed that the paved road <br /> extending from Highway /Redstone westerly to the Preparation <br /> Plant tract, (identified as Tract 2 on attached sketch) will become <br /> a public roadway with parking areas at the Braderich Creek <br /> trailhead, and below the Preparation Plant, near the mouth of Bear <br /> Creek. It is proposed that Pitkin County, USFS undertake <br /> maintenance on this segment of roadway. <br />