PERMFILE46543

• Permit No: M1977522
• IBM Index Class Name: Permit File
• Doc Date: 10/31/1977
• Doc Name: REGULAR 112 PERMIT APPLICATION FORM
• Media Type: D
• Archive: No

GOO D ELL BRO ~
TH ERS, I l~TG.
Cant r~tc~t,rs
.__..-._._. _...---.._.._.---..__...-.__._.. ~.. ~t
BOX 427
EATON. COLORADO soars
PHONE as4ss4a
Page 3
CONTRACT FOA PURCHASE AND SALE OF GRAVEL
_ HERMAN D. AND DORTHY ,TUNE FEIT AND DONALD E. AND AfILDRED FEIT
AND GOODELL BROTHERS, INC.
OPTIONOR hereby warrants that he has good title to the above described
premises; that he has the lawful right to grant this Contract, aiad that
he agrees to hold OPTIONEE harmless from any and all claims from others
asserting any interest in the subject land.
For a term beginning from the date of this Agreement until
OPTIONEE shall ,have the exclusive right to remove, process and extract
the rock, gravel and other material from the premises,provided, However,
that such exclusive right may be terminated by OPTIONOR if the provisions
for payment of the annual payment and for the material is not mace as
hereinafter specified.
• OPTION EE shall pay to OPTIONOR the sum of two thousand doll<<rs
annually from the date of this Agreement. It is understood by
both Parties that one thousand dollars ($1,000.00) of the t~;-o
thousand dollar ($2,000.00)annual payment shall be applied t:o
any royalty payments due OPTIONOR during that year and deducted
at the following royalty rates. These same rates shall be used for
basis of payments due OPTIONOR for material removed:
(a) Sand and Gravel at twenty cents ($0.20) per ton for the
first 20,000 ton removed annually from the date of this
Agreement.
(b) Sand and Gravel at fifteen cents (0.15) per ton for each
ton removed over 20,000 ton annually from the date of this
Agreement.
(c) Common Borrow at fifteen cents ($0.15) per cubic yard
•