2007-03-09_REVISION - M1979097 - Laserfiche WebLink

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2006 $7,500.00 2007 $8,750.00 2008 $10,000.00 2009 $11,250.00 (if Tenant exercises the option to extend the term of the Asphalt Plant Lease) 2010 $12,500.00 (if Tenant exercises the option to extend the term of the Asphalt Plant Lease) Payments of Base Rent are due and payable on the first day of each month during the term; as may be extended, commencing January 1, 2006. 7. Materials Processing Center under Asphalt Plant Lease. Commencing in January 1, 2007, and through the remainder of the term of the Asphalt Plant Lease, as it may be extended hereunder, Tenant may use that portion of the real property descn'bed on Ezhibft A hereto described on Exhibit D hereto as "Conveyor ROW" and "Materials Processing" for conveying rnateriaLs by conveyor and processing materials from anoff-site source.--The Asphalt Plant Lease will ap~.ia. and affect that portion so indleated on Exhibit D attached hereto containing approximately}yl'acres. The parcel ofproperty described on Exhibit D (as to the Asphalt Plant Lease) hereto is also referred to herein as the "Premises", both collectively with the Concrete Plant Lease and separately with respect to either particular Lease. The monthly Base Rent payable pursuant to Section 3(x)(1) ofthe Asphalt Plant Lease shall be increased for the added Materials Processing Premises commencing January 1, 200'1 by the following annual amounts (in addition to amounts payable under Paragraph 6; above): Time Period Moa y Base rent 2007 $8,750.00 2008 $10,000:00 2009 $11,250.00 (if Tenant exercises the option to extend the feria of the Asphalt Plant Lease). 2010 $12,500.00 (if Tenant exercises the option to extend the term of the Asphalt Plant Lease) Payments of such additional Base Rent aze due and payable in mondtly installments of one-twelfth (1/12) of the above amounts on the first day of each month during the term, as may be extended, commencing January 1, 2007. Payment of the foregoing amounts in this Paragraph '7, commencing January 1, 2007, shall also entitle Tenantto access to all of the Premises described in Exhibit E for the purpose of performing and completing all reclamation required of Tenant for lands mined or disturbed by operations under the Mining Lease, the Concrete Plant Lease or the Asphalt Plant Lease, and Tenant shall not be required to pay any separate amount under the Mining Lease in order to be entitled to such access from and after January 1, 2007 while the Asphalt Plant Lease is in effect. 8. City of Fort Co1Gns Easements. The City of Fort Collins has commenced condemnation, and Landlord is currently in negotiations with the City regarding grants, of property, easements and rights of way across the property described on Exhibit A hereto, including property, easements and rights of way for a relocation of Ziegler Road and various drainage, slope and utility loooobao6.ooc:s}3