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Raaord~d~N~ta~thu Recorder ~OK ~UJ 1'ASE V
<br />Receptke GRAVEL LEASE EXHIBIT G
<br />AGREEMENT made and entered into this th day of May 1991, by and between Robert
<br />Ferris, party of the first part, hereinafter called Lessor (whether one or more)
<br />and Kiowa County, a political subdivision of the State of Colorado, party of the
<br />second part, hereafter called Lessee.
<br />wITNESSETII, that the said lessor for and in consideration of ten dollars and
<br />other good and valuable consideration in hand paid, receipt of which is hereby
<br />acknowledged and of the covenants and agreements hereinafter contained on the
<br />part of tt+e Lessee to be paid, kept and performed, has granted, demised, leased,
<br />and let ar+d by these presents does grant, demise, lease, and unto the said
<br />Lessee, it:s successors and assigns, for the sole and only purposes of mining
<br />gravel andf other related substances and for conducting all operations as may be
<br />convenient or necessary for the mining and removal of gravel and related
<br />substance:;, including but not limited to the construction of roads, excavation
<br />of gravel pits, reclaiming the same and doing all things as may now by or
<br />hereafter become necessary to comply with the rules and regulations of the State
<br />of Colorado and the United States of America, all that certain tract of land
<br />together with any reversionary rights therein, situated in the County of
<br />Cheyenne, State of Colorado, Described as follows, to wit:
<br />9.8 acres within:
<br />NE 1/4 Nl1 1/4 of Section 28, Township 16, Range 51
<br />It is agreed that this lease shall remain in force so long as Lessee conducts
<br />mining operations thereon ar a lease for 5 (five). years, renewal as long as able
<br />to conduct: mining operations thereon and until Lessor reclaims said property as
<br />may be required by law.
<br />In consideration of the premises the said Lessee covenants and agrees that the
<br />Lessee shell pay to Lessor as royalty 20 cents per yard for all gravel and
<br />similar substances removed from the premises.
<br />It is understood and agreed that the Lessee shall have possession of the surface
<br />of said premises during /the) term of this agreements.
<br />Dater ~- ~ ~--
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<br />Lessor
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<br />State:~ofrX.olo~,ado; ) SS:
<br />.rte,..: ~+ +,,,
<br />Count q ~G ow ~ '
<br />MTh ' S~ ~e ~i_~~ iise Gwent was acknowledged before me on z8th day
<br />d};,ti.~ ~ '~; ; : , ~ My Codmission expires October 3.~-
<br />~.... 1'~,~1,T;~"flu 1.Y:1'c.:i .~
<br />~` •i7j:'•..;`.:~:':+;'Q~: Notary Pub is
<br />++,,,,,~~~~~,,,,`" 1305 Gof Street
<br />Eads, Colorado 81036
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