Lease Agreement

• Case Number: W-566-72
• Lake Name: MEXICAN CUT POND # 1
• Watershed: Crystal River
• Water Division: 5
• Water District: 38
• County: Gunnison
• NLL Acq - Doc Type: Contracts, MOA/MOU, Leases, Agreements

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4. Rights and Dutie,s of ~mer. The Owner shall use and shall assure that

t~e Lessee uses the Property so~ely for the purpo~es of the teaching and study

of Il:tblogy and the conducting of biological experiments. The management of the

Property shall be the responsibility of the Owner pursuant to the policies and

goaIs desc,ribed in Exhibit C, attached here,to and incorporated herein by refer~nce.

In the event the present lease betl..een the Owner aod RMBL is tennirtat-ed, the poli.cies

and goals described in Exhibit C shall govern the terms of any subsequent leases of

the Property. The Owner shall furt:h.EH notify the Department upon termination of 01-"

execution of any lease or any other document granting a property interest in the

Property. All do~uments affect:lng the Property executed. by the Owner subseq'uent to

the date of this Agree(ltenc shall be subject to this Agreement, which s'hall be attached

thereto and incorporated the~e1n by ~~ference. Except as so stated~ the. Owner may

continue to exercise all of its rights as the Owner of the Property.

5. Bindin~~. This Agreement shall be binding upon the parties hereto

and upon any suc"cessors in interest to the Property. Any sale or transfer of the

Property by Owner shall be subject to these ArticleS which ~hall be attached to'

any document of purchase or transfer and incorporated therein by reference. !he

p.u..l:'~ha~e.t' or ~~ansferee shall succeed to the Owner's rights and duties hereunder.

6. Default. If any party reasonably belie~es that any other party ~s in

default in any of its obligations under 'chis Agreem~nt, it may,.give 'lny O-ther party

writt~n notice of the alleged default. Promptly thereafcer. the parties shall

conlcr nnd make o.l guod faith effort to correct the <.!efault and to resolve any

difference of opinion which may exist a~ to the respective ri~~~s and duties under

this Agreement. No parey shall be liable to any ot~er'party for damages alleged

to have been' caused by any default under this. Agrecntent. However, default by the

Owner may result in the removal of the Property from the Colorado Natural Areas

System.

7. Terminacion. If any party desires to terminate this Agreement~ it shall

'so notify any other party and give said other pa~ty (ies) an opportunity to confer

regarding the reasons for termination. No less than 60 days after said initial

notice, the notifying party may terminate this Agreement by notice to said other

party'(ies). At the Owner's request, follOwing termination of this Agreement, the

DCp':lT:'tlllllnt shall ~xccutc and dt.:!ltvcr to tho Owner 3 release' of all. its right, ti.tle

and interest in the property arising out or this Agreement.

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