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ELBERT Elbert County Government Public Works Department 215 Comanche Street COZJAITY �.::. P.O.Box 116 201 Kiowa,CO 80117 Belveal Gravel Pit Expansion Agreement THIS AGREEMENT is entered into this day of ,by 0.24' 7 And between Elbert County Government("County")and Robert Belveal("Property Owner'), for the purpose of operating a gravel pit on the property in Elbert County,Colorado. WHEREAS,Property owner is the owner of certain property in Elbert County. The Property Owner wishes to allow the County to operate a gravel pit on the following described property: The pit will include 9.9 acres of the old pit on W4 Sec i Iia It 58 j leealy deccrir? innland 150 acres of the new.expansion on SW4.Sec&Tll$58(legahlescription)and TSS R,59W Sec I,, (legal descri do . WHEREAS,the County desires to open and operate a gravel pit on Property Owner's property according to the terms of this agreement. NOW THEREFORE,in consideration of the promises made herein and other good and valuable consideration,the parties agree as follows: 1. The County agrees to do the following: a)Acquire and maintain the required permits for operation of a gravel pit on the above described property; b)Maintain the roads in the pit area used in the operation of the pit,and to maintain the roads to the gate to the pit; c) Be responsible for all reclamation of disturbed area as required by the State of Colorado at the time of the closure of the pit; d) Pay Property owner on a monthly basis S 0,6Q per cubic yard for gravel or fill extracted and hauled out of the pit The parties agree to renegotiate the per cubic yard fee every five[5)years throughout the duration of the Agreement. If the parties cannot mutually agree upon a reasonably acceptable fee at the time of renegotiation then the fee shall increase by five cents(.05)per cubic yard; 82