Laserfiche WebLink
DUM <br /> II'll'll�IIIIt�I III"I'I 1111 IN TN.,; D�CUMNTM WAS FOUND <br /> 934 121C DI 4 091 II1I 04 0 .10P Weld County, CO 1 T"- INADEQUATE FOR <br /> 3216934 09I08/20Q4 02. <br /> 1 of 6 R 31.00 00.00 Steve Moreno Clerk& Recorder ,,,(;ANtING PURPOSES. <br /> SAND, GRAVEL AND AGGREGATE MINING LEASE <br /> This Sand, Gravel and Aggregate Mining Lease ("Lease") is made this 17 4` day of <br /> February, 2000, by and between Mary M. Tigges 12406 WCR 64 1/2, Greeley, Colorado, 80631 <br /> ("Landlord"), and Hall-Irwin Corporation, 3026 0 Avenue, Greeley, Colorado, 80631 ("Tenant"). <br /> RECITALS <br /> A. Landlord owns the property described on Exhibit A attached hereto(hereafter known as the <br /> "Property"). <br /> B. Tenant seeks to permit the Property as a sand, gravel and aggregate mine. <br /> NOW, THEREFORE, in consideration of the mutual promises and covenants contained <br /> herein,Landlord hereby leases to Tenant her Property for the purposes of operating a sand, gravel <br /> and aggregate mine. <br /> 1. IL:corporation of Background Statements by Reference. All of the recitals are <br /> incorporated herein by reference and made a part of this Lease. <br /> 2. Minerals to be Mined. Tenant shall have the right,but not the obligation,to remove <br /> sand, gravel and aggregate from the Property. However, Tenant shall not have the <br /> right to remove sand, gravel and aggregate from the 10 acre parcel containing <br /> improvements which is located in the Northwest corner of the Property. <br /> 3. Term. This Lease is effective as of the date of execution and shall expire when all <br /> minerals are fully mined, but no later than fifteen (15) years from the date of this <br /> Lease. <br /> 4. Storage. Tenant may store sand, gravel and aggregate on the Property during the <br /> term of this Lease. Tenant may not operate a batch plant on the Property. <br /> i�4,asc <br /> 5. Royalty.�nt shall pay I.�, ord a royalty of$ per ton �o - <br /> t Te <br /> i:jf `x� per ton for , and $.75 per ton for for gravel <br /> removed and for all other material (sand, overbrden nd top <br /> oil)which is sold. <br /> 4��c.�ou�►ic,�. q w� T ,1t`.o,.. � �sc� cave�..� c� It <br /> 6, Payment Terms. Tenant shall prepay to Landlord royalty as follows: (a)$5,000.00 <br /> payable on the effective date of this Lease, which payment is non-refundable <br /> 3 regardless of whether Tenant elects to mine the Property;and(b)$5,000.00 payable <br /> within 30 days after issuance by the Colorado Division of Minerals and Geology <br /> ( C DMG") of a mining permit for Tenant's operation on the Property (the date the <br /> j permit is issued shall be the"Permit Date"). All other royalty payments are due by <br /> the 30'h day of each month following the month in which the material has been sold. <br /> All payments shall be mailed to Landlord at 12406 WCR 641/2, Greeley, Colorado, <br />