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Q~: ,.• . ~ ' ~ :341350 •lU ~~ 141985 ~.45HIY~_~5 <br />~ ~.ri? <br /> . . <br />. f <br /> ;.~ Arderson, Recorder Perk Co.'ntj <br />H~rr;~t <br />~ <br /> . <br />- BOOK ~~FGGE Ui9~ •`,-. <br />. _,~ <br /> <br /> JEFFRRSON, COLORADO <br /> '~ <br /> . <br /> December 15, 1979 t <br /> LEASE AGREEMENT "~ <br /> <br />' y <br />'j <br />' THIS AGREEMENT made and entered into this date between WESLEY FURMAN 3 <br /> ,. <br /> and EVELYN FU RMAN, of Jefferson, Colorado, parties of the..firat <br />part (FURMAN) <br /> and MERRILL WRIGHT of Jefferson, Colorado, party of the second part (WRIGiIT). <br />: <br /> <br />FURMAN <br />owns gravel property in Park County Colorado, in the , <br /> Sk' ~ S Soui~.h '~ of Section 14, <br /> 4 <br /> TBS, R 76 Weat of the 6th Principal Meridian ':.; <br /> .t <br /> and agrees to sell gravel in place, and possibly gold and other minerals per '~ <br />Paragraph 8, from said land (excluding "wet" ground) to WRIGHT exclusively <br />and WRICHT agrees to purchase exclusively gravel from FURMAN from said land <br />on the following terms and agreements: <br />1. This agreement is for a term commencing January 1, 1980, and <br />terminating December 31, 1989 (ten years). It shall be renewable for an <br />additional ten years at a rate based on the 1989 gravel coats as compared <br />- to the 1979 cost of extracted gravel. Said option must be exercised in <br />writing within sixty days of the termination of the initial term of this <br />lease. <br />2. WRIGHT agrees to pay FURMAN twenty cents per yard for said gravel <br />extracted from said land; and WRIGHT may install an on-site batch and/or <br />cement plant to assist in this operation. <br />3. WRIGHT agrees to give first parties a written statement stating <br />the amount of gravel extracted from said property, on or before the first day <br />of each two-week period for gravel extracted in the preceding two weeks (if - <br />d <br />desired by FURMAN), and to remit to FURMAN the amount due for gravel extracted <br />during said period, if it exceeds $500.00; otherwise the amount due shall be <br />paid monthly. <br />4. It'ia mutually agreed that WRIGHT will arrange for workmen's <br />compensation on all his employees. <br />ri <br />