Laserfiche WebLink
LSABE AGRBBMERT <br />This Lease Agreement is made and entered into this 30th day of June, <br />1994, Dy and between Robert Boyd Jutten and Tommy Jobn Jutten, whose <br />address is 69216 Vernal Road Montrose, Colorado 81401 ('Le saor'), and <br />United Companf ea of Heaa County, Ina., whose address is P.O. Box 3609 <br />Grand Junction, Colorado 81502 ("Lessee'). <br />RECITALS <br />A. The Lessor is owner of the property described as SE1/4, SE1/4, <br />Sec.36, T48N, A9N, New Mexico Principal Heridian, and NE1/4, NE1/4, <br />Sec.1, T47N, R9W, New Mexico Principal Heridian ("The Property'). <br />B. Lying within the hounds of the above described property and <br />excluded Erom the terms of this Agreement are two separate areas. I1.) <br />in Section 1; in the north-east coiner of the intersection of U.S. <br />Highway 550 and Vernal Road, the area upon which a pump-house is <br />situated. (2.) In Section 1; NE1l4, NE1(4, NE1/4, Sec. 1, the area <br />upon which a Rouse and aDPUrtenant structures and facilities are <br />situated. <br />C. A portion of the Property contains sand, gravel, rock, stone and <br />overburden (aggregates), and the parties desire to execute this Lease <br />so that the Lessee may eztract, process and sell such egg regates. <br />Therefore the parties agree as follows. <br />TERHg <br />1. Lessor grants unto Lessee, subject to the terms of this Agreement, <br />the exclusive right to enter upon the previously described Property, <br />being approximately 73 acres, in accordance with the terms of this <br />Agreement. <br />2. The Lessee shall have the exclusive right to utilize the area of <br />the Property for the extraction, processing and removal of aggregates, <br />and shall have the right t6 situate equipment for this purpose on the <br />Property. The Lessee shall have the right to install machinery, <br />equip nent, personal property. telephone lines, electrical lines, etc. <br />in and on the Leased Property and shall have the right to remove such <br />property at the end of the Lease term. Lessee shall have the right to <br />build roads and accesses, and construct sufficient infrastruetu re so as <br />to support the activities represented in this Lease. Aggregates <br />consumed .in ehls effort will not he subject to royalty fees. <br />3. Lessee shell indemnify and save Lessor harmless from all <br />extraction or pro ductlon taxes which may be imposed as a result of the <br />mining activity, and from all razes which may be assessed or levied <br />against personal property installed by Lessee on Leased Property. <br />Colons Pit November 06 N-2 <br />