REV100631

• Permit No: M1985129
• IBM Index Class Name: Revision
• Doc Date: 3/1/2002
• From: DNR
• To: ELBERT CO ROAD & BRIDGE DEPT
• Type & Sequence: AM1
• Media Type: D
• Archive: No

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5, PAYMENT OF TAXES. Lesscc as a governments( entity is not subject to tax
and during the term of this,Lcase, the Premises Leased are not subject to real property taxes.
Any taxes owed due to the operation of a gravel pit shall he paid by Lessee.
6. CONDUCT OF OPERATIONS.
6.1 Lessee shall conduct all operations hereunderin a manner necessary for good
miner like and economical mining, with due regard for the safety and preservation of the Leased
Premises.
b.2 Lessee shall conduct its business on the Leased Premises in accordance with the
requirements of the Colorado Mined Land Reclamation ,Board, including, but not ny way of
limitation, all obligations for reclamation of the property, whether imposed by this Lease
Agreement or by conditions contained within the permit, statute or regulation, Lessee shall also
comply with all other applicable state, federal and local administrative bodies asserting
jurisdiction over the Leased Premises or Lessee's operations thereon.
7. INDEMNITY AND INSURANCE.
7.1 During the in connection with all operations conducted under this Lease, Lesscc
shall to the extent legal, save and hold harmleea and indemnify Lessor against all claims,
demands and causes of action of any nature that may be asserted against Lessor by suit or
otherwise for injury to or death of persons yr for the loss nr damage to property, together with
all costs and expenses, including reasonable attorney's fees, arising from or in any manner
growing out of or connected with any operations conducted by Lessee under this Lease and
compliance by Lessee with the insurance requirements of this Lease shall not relieve Lesscc of
this obligation. However, Nothing in this Lease Agreement shall be construed to ahrogate or
limit rite sovereign immunity granted to public entities pursuant to article lU of title 24, C.R.S..
tlrc "Colorado Governmental immunity Act".
7.2 Lesscc, at its expense, shall furnish to Lessor upon request, eluting the term of
their operations hereunder, a Certificate of Insurance showing that Lessee shall have in force
and effect at ail times during their operations hereunder, puhlic liability and property datnagc
insurance coverage meeting the legal requirements of the State of Colorado.
K. TERMINATION.
tl.l Prompt payment of al! amounts herein required and compliance with all of the
terms and conditions contained herein is of the essence of this Lease. If Lessee shall fail to
make any payment agreed to be made under this Lease yr shall fail w keep and perform the
covenants therein contained, Lessor may give Lessee written notice of its intention to cancel this
Luasc thirty {30) days following the date upon which such notice is given to Lessee unless within
said t)tirty-day period the default complained of shall have been cured, and if not cured at the
end of .said thirtyday period, this Lease Agreement shall thereupon terminate; provided
however, that obligations inwrred by Lessee pursuant to the terms hereof prior to such