2003-12-19_REVISION - M1984026 - Laserfiche WebLink

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LERSE AGREEMENT TO BUY MRTERIRL THIS AGREEMENT is made and entered into on this 16th day of October , XFFBC2003, by and between the Owner(s): Henry T. Southway & Rock I. Southway whose mailing address is 117 White Pine Drive, Alamosa. Co 811 O1 , and Southway Construction Company, Inc. whose address is 117 White Pine Drive, Alamosa, Colorado 81182, hereafter referred to as the Company. WITNESS THAT: The Owner(s) for the consideration of one dollar (81.00) and further agreements hereby leases to the Company an option for the purpose of purchasing, processing producing, and removing such material located on land described as follows: See Exhibit "A" Special Warranty Deed a e pri , In the event the Company desires to purchase any material located on the above-described land, the Owner(s) will be paid a royalty fee at the following rate: Aggregate products removed at $ T•B-D• per ton This lease agreement with option to buy material shall commence on the day of this agreement and remain in force for a term of 20 Years , terminating on the 16th day of October , #f#~2023 at 12:00 noon. The Company shall have the right of ingress and egress to and from the subject premises and to erect any temporary structures, such as screening, crushing, and/or asphalt or concrete plants: to stockpile material in an area of sufficient size; and to employ any reasonable methods for the removal of said material. The Company agrees to provide liability insurance and shall be responsible for all of its operations related to mining of the property. The Owner(s) will be held harmless for acts of the Company and its employees related to operations on the property. Paym~~tli fcr materials ren~ov_-d froc: th-= property will bs made to the Owner(s) within ten (10) days after payment is received by the Company. The terms hereof shall be binding upon and insure to the benefit of the heirs, executors, administrators, and assigns of the respective parties hereto.