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s <br /> CRYSTAL VALLEY ENVIRONMENTAL PROTECTION ASSOCIATION, INC. <br /> BOX 921,CARBONDALE,COLORADO 81623 <br /> RE <br /> rl- <br /> July 12, 1991 C E I V <br /> Steve Renner JUL 15 199 <br /> Coal Program Supervisor Mined -anD <br /> Mined Iand Reclamation Division RL'Cianlation On <br /> 1313 Sherman Street - Room 215 �IVisi <br /> Denver, CO <br /> Re: Mid Continent Resources <br /> File No. : C-81-017 <br /> Dear Mr. Renner: <br /> Here are some items or questions on which I would appreciate your <br /> response. <br /> 1. Did the Division prepare a Mid-Term Review report? If so, please <br /> send me a copy. <br /> 2. Has a reappraisal of the property bond been done? If so, what is the <br /> appraised value? Please send me a copy of the appraisal. <br /> 3. Is the property which Mid-Continent put up for the bond itself <br /> bonded? If so, what kind of bond is it and what is the amount? <br /> 4. In the May board meeting, Divisim staff gave the Board to understand <br /> that the existing bond is not adequate to cover the cost of <br /> reclamation, and that Mid-Continent is financially unable to post an <br /> adequate bond. <br /> a. What is the current estimated cost of reclamatim? <br /> b. What evidence does the Division have that Mid-Continent is unable <br /> to post an adequate band or has no other properties or assets to use <br /> as supplemental surety? Has the Division obtained copies of any <br /> audits, tax returns, salary schedules or other documents which would <br /> shed light on Mid-Continent's financial condition? <br /> I look forward to your reply. Thank you for your cooperatim. <br /> Sincer/ely,, / / <br /> Michael Mechau <br /> Route #1 <br /> 3542 Front Street <br /> Palisade, CO 81526 <br /> N M/rc <br /> cc: Office of Surface Mining <br /> Garfield County Citizens Alliance <br />