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LEASE <br />The undersigned, does hereby grant unto the Boazd of County Commissioners of Cheyenne County, <br />Colorado, the right to open, permit, and operate a sand, gravel and rock pit upon the following described <br />property in the County of Cheyenne, State of Colorado, to-wit: <br />North Half of the Northwest Quarter (N'hNW%<) of Section Eight (8), Township Fifreen (15) South, <br />Range Forty-Four (44) West of the Sixth (6`") Principal Meridian. <br />The said gravel pit shall contain a total of approximately 9.5 acres of land for which the undersigned is <br />being paid the sum of $125.00 per permit acre per year, which constitutes payment for all surface <br />damages caused by such pit, and for the option [o renew said lease as herein provided, and does not <br />constitute payment in any manner for the gravel mined. The first payment shall be paid upon acceptance <br />of this Consent and Agreement by the Boazd of County Commissioners and upon the Boazd obtaining a <br />Mining Permit upon the premises. <br />The undersigned does hereby grant to the Boazd the right to apply for and obtain a Mining Permit from <br />the State of Colorado, for the purpose of operating a sand, gravel and rock pit on the above described <br />property. <br />The right to operate said gravel pit shdN be for five (5) yeazs, with option to renew subject [o approval of <br />owner of record and Board of County Commissioners. <br />Cheyenne County, Colorado, does hereby agree to reclaim the land pursuant to the requirements of the <br />Mining Permit to be obtained from the State of Colorado. <br />The undersigned hereby warrants that they have good title to the above described premises, that they have <br />the lawful right to grant this lease and that they agree to hold the Board harmless from any and all claims <br />from third parties who assert any interest in the above described land. <br />Dated at Cheyenne Wells, Colorado, this _ <br />.. <br />Landowner ~~° <br />Lan owne <br />6 day of May, 2005. <br />AC~ TED by the Board of County Commissioners of Cheyenne County, <br />of`1Q , 20Q05. <br />C~(iC0J('~LR~ l ~~7h LTr~-- <br />Richard Bergman, Chairma <br />/~o~ ... "~,~ <br />R/on~ald~ N.~~Ho/w/ard, Commissioner <br />(v. Gl~t% ~(/ ~~~i10/~ <br />Carl O. Hapes, Jr., Co missioner <br />Colorado this ~_ day <br />