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' LEASE AGREEMENT <br /> 3rd Oe�cbe� <br /> ' THIS LEASE AGREEMENT is made and executed as of the }srday of&eptember, 1996, <br /> between Clifton Water District, whose address for proposes of this Agreement is P.O. Box 100, <br /> Clifton, CO 81520 ("District"), and Grand Junction Concrete Pipe Company, doing business as <br /> ' Grand Junction Pipe & Supply Company, a Colorado Corporation, whose address for purposes of <br /> this Agreement is P. 0. Box 1849, Grand Junction, Colorado 81502 ("GJP"). <br /> ' RECITALS <br /> A. District is the owner of real property (including all interest in the sand, gravel, and <br /> ' mineral rights) located in Mesa County, Colorado, legally described as Lot 10 of Section 7, <br /> Township 1 South, Range 2 East, Ute Meridian, which includes an area(the "Property") suitable for <br /> ' sand and gravel mining. The legal description of the Property is attached as Exhibit A entitled <br /> "Metes and Bounds Description of Grand Junction Pipe Sand and Gravel Lease", and a map of the <br /> vicinity and general location of the Property is attached as Exhibit B. Both of those Exhibits are <br /> ' incorporated here by this reference. <br /> B. The parties desire to enter into this lease for the purpose of allowing GJP to extract <br /> ' sand and gravel from the Property, on the terms and conditions set forth below. <br /> AGREEMENT <br /> 1. District hereby leases the Property to GJP and grants to GJP the exclusive right to <br /> and possession of the Property, but limited to the purpose of extracting, hauling, processing and <br /> ' stockpiling sand and gravel mined from the Property (together sometimes referred to as "Common <br /> Materials") and for the placement and use of crushers and other equipment used in connection with <br /> ' the extracting, hauling, processing, and stockpiling of Common Materials. GJP at its sole expense <br /> may realign any existing roadways on the Property, and create other roads on the Property, subject <br /> to the conditions stated in this Paragraph 1. <br /> ' A. No existing road will be altered, or new road created, without District's prior <br /> written consent, which will not be unreasonably withheld; provided no aspect of the <br /> ' construction, alteration, creation or use of any existing or future roadways on or giving <br /> access to (see Paragraph 2 below) the Property will interfere with District's present or future <br /> operations on the other Property now or later owned by District. If requested by District <br /> ' within 120 days after termination of this Lease for any reason, GJP, at its expense, will <br /> remove or restore to the configuration existing on the date of this Lease any or all of the <br /> roads whether existing or created by it pursuant to the rights granted by this provision. <br /> 1 <br /> 1 <br /> fdwpU 6981040nJncs'.GRAV LFS.YC W D September 25. 1996 <br />