PERMFILE63458

• Permit No: C1980007
• IBM Index Class Name: Permit File
• Doc Date: 2/10/2006
• Doc Name: Exchange Agreement
• Section_Exhibit Name: Exhibit 80 Drilling Activities - TR106
• Media Type: D
• Archive: No

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EXCHANGE AGREEI4LENT
THIS EXCHANGE AGREEMENT, made this 215rday of March, 1997, between
Monntain Coai Company, a Delaware Corporation, whose address is P.O. Box X91,
Somerset, CO, 81434, hereinafrer referred to as the Landowner, and the United States of
America, acting by and through the Forest Service,,Department of Apiculture; in
consideration of the appraisals by the parties hereto of the land or interest in land herein
described and other good and valuable considerations, the receipt of which is hereby
acknowledged, do hereby severally agree as follows:
WITNESSETH:
Pursuant to the General Exchange Act, of March 20, 1922, as amended, (42 Stat. 46~) and
the Act of October 21, 1976 as amended (90 Stat. 2743}, the Landowner does hereby agree
to convey to the United States of America the real property described in Schedule "A"
enclosed hereto and made a part hereof. In exchange therefore, the United States of
America agrees to convey to the Landowner by patent issued by the Department of the
Interior, the real property described in Schedule "B" enclosed hereto ^_nd made a part
hereof. There will be a need to equalize exchange values pursuant to Section 206(b) of the
Federal Land Policy and Management Act of 1976 (43 U.S.C. 1716) by the United States
paying Twenty-nine Thousand Two Hundred Thirty-five and no/100 Dollazs ($29,235.00}
[o the Landowner. The agreed to values for this exchange are:
Property of the Landowner - $657,235.00
Property of the United States = $628,000.00
On Mazch _, I997, the Forest Service issued a Decision Memo approving the conveyance
of 837.33 acres of National Forest System lands to the Landowner in exchange for
approximately 1,007.30 acres ofnon-federal land and the road right-of--way owned by the
Landowner.
Completion of the exchange will be accomplished in the following manner. First, the
Landowner agrees to convey by Warranty Deed in accordance with Department of Justice
standards when requested by the Forest Service, the lands or interest in lands described in
Schedule "A" to the United States of America and its assigns, together with necessary
documents required to convey good title, free from all encumbrances except those set forth
in Schedule "A". Landowner further agees to donate to the United States of America, by
quit claim deed, all mineral rights to the lands controlled by the Landowner which aze held
by Landowner identified in Schedule "A".
OMB No. 0596-0105 (OS-31-98)
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