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<br />~ - i <br />:~~ <br />~; <br />OPTION 'f0 BUY MATEkIAL <br />' THIS AGREEMENT, made and entered into this 9th day of May, 197A, <br />by and between the Town of Huena Vista, Colorado, hereinafter referred to as <br />the Owner, and Avery Construction Company, hereinafter referred to as Avery <br />Construction. <br />. WITNESSETH THAT: <br />WHEREAS, Avezy Construction desires to obtain construction materials <br />pf satisfactory quality and quantity for use in construction work, which <br />~. material is available from land owned by the Owner and described as follows, <br />to-wit: S 1/2, SW 1/4~, $ectlOn 17, Township 14 South, Range 78 west of the <br />6th Principal Meridian. <br />NOW, THEREFORE, IT IS AGREED BY THE PARTIES: <br />The Owner, for the consideration of One Dollar (51.00) receipt of which is <br />hereby acknowledged, hereby grants to Avery Construction the exclusive right <br />and option from the 9th day of May, 1978, until .the 9th day of May, 1979, to <br />purchase and remove from the subject premises, pit. run material at fifteen <br />" cents (15C) per c+lbic yard. <br />• Avery Construction shall be responsible for keeping a record of all pit run <br />material removed from the subject premises and shall remit payment to tt+e <br />Owner for said material by or before May 9, 1979. Option to store and operate <br />material processing plants on the subject premises from May 9, 1978, until <br />May 9, 1979, shall also be considered a part of this ayreement. <br />It is further agreed by the parties hereto that either party may terminate this <br />agreement at anytime between May 9, 1978, and May 9, 1979, upon giving the <br />other party thirty (30) days written notice of such termination. <br />FOR THE TOWN OF BUENA VISTA <br />Mayor <br />ATTEST: <br />(1 ,. i <br />Clerk <br /> <br />FOF AVERY COIJSTRUCPION COMPANY <br />Owner <br />- .l <br />-- ~ ) <br />witness <br />l <br />1 <br />( <br />a <br />n <br /> <br />k <br />