PERMFILE65740

• Permit No: M1987151
• IBM Index Class Name: Permit File
• Doc Date: 9/21/1987
• Doc Name: APPLICATION FORM
• Media Type: D
• Archive: No

AGREEMENT

THIS AGREEMENT made this 1st day of August, 1987, between SODERQUIST
RANCHES, INC., of Montrose, Colorado, First Party and the COUNTY OF MONTROSE,
STATE OF COLORADO, Second Party,
W I T N E S S E T H:
In consideration of the mutual covenants and payments hereinafter
contained, the parties agree as follows:
1. First party agrees to sell and Second Party agrees to purchase
gravel from the following described real property situate in the County of
Montrose, State of Colorado, to-wit:
A tract of land containing nine (9) acres or less,
in the Southeast Quarter (SE 1/4 ), of Section Twenty-
Nine (29 ), Township Forty-Eight (48) North, Range
Six (6) West, of the New Mexico Principal Meridian
(N.M.P.M.).
2. As consideration therefor, Second Party agrees to pay First Party
the price of Thirty-Six Cents (36 ¢) per ton for gravel extracted during the
first year of this Agreement; Thirty-Eight Cents (38 ¢) per ton for gravel
extracted during the second year of this Agreement; and Forty Cents (40¢) per
ton for gravel extracted during the third year of this Agreement. All gravel
extracted pursuant to this Agreement shall be measured by weight or truck load
count and payable upon a quarterly basis throughout the term of this Agreement.
3. The term of this Agreement shall be for a period of three (3) years
form the 1st day of August, 1987, to the 31st day of July, 1990.
4. It is specifically understood and agreed by the parties that this
is an exclusive agreement to Second Party for the mining, excavation, and stock-
piling of gravel on the above described premises. Second Party shall have the
right and possession of said premises for such mining, excavation and stock-
piling purposes as more fully set forth herein as of the 1st day of August,
1987. It further understood and agreed that Second Party shall have a reason-
able period of time, not to exceed one hundred twenty (120) days upon the ter-
mination of this Agreement, to retain possession for the purpose of removal of
any stockpiled materials, stockpiled prior to July 31, 1990.
5. Second Party agrees that only good conservation practices on behalf
of Second Party will be used. First Party agrees to allow Second Party the
right of ingress and egress to the above described premises. Second Party
agrees to maintain all roads used by Second Party on the premises. Second Party
further agrees to leave the gravel removal site in satisfactory condition agreed
to after inspection of First Party at the termination of this Agreement.
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