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Mr. Kevin Riordan <br /> January 13 , 1997 <br /> Page- 3 <br /> parcels rather than in one transaction. <br /> It is our belief that the net sale proceeds from <br /> remaining unsold parcels in the bankrupt estate will be adequate <br /> to complete payment of reclamation obligations, payment of taxes <br /> and other preferred claims in order to close out the Bankruptcy <br /> Liquidation Plan. It is very important that an arrangement be <br /> worked out that will allay the County' s concerns about payment of <br /> back taxes, and at the same time, give assurance to DMG and USFS <br /> that reclamation monies will be available on a timely basis . To <br /> this end, we request USFS to promptly respond to the open issues <br /> mentioned above . If the exchanges can not proceed within an <br /> acceptable time frame, then the Trustee is obligated to list the <br /> property for private sale, particularly the reclaimed tracts <br /> within the Prep Plant Tract . <br /> If USFS wants to proceed with acquisition of the Prep <br /> Plant Tract, then the Contract should be amended to conform to <br /> present conditions . A meeting at an early date to discuss these <br /> matters would very helpful . <br /> Sincerely, <br /> ' MID-CONTINENT RESOURCES, INC. <br /> y G�z <br /> Robert Delan <br /> Vice President <br /> RD/lta <br /> Enclosures <br /> cc : Mr. Michael Long <br /> Mr . Steve Renner <br /> Ms . Cheryl Linden <br /> Ms . Deborath Quinn, for Pitkin County <br /> Mr. Adam Poe <br />