Laserfiche WebLink
<br />(or options thereon [hat ma}' e.~ist or othen+'ise be a+•ailablc to the propert}• as of the date of <br />this contract. Said con+•eyance ++•ill occur upon completion of Lessee's mining operation of <br />Lessors' property described in Exhibit A. Completion of said mining operation may occur <br />sooner than the }'ear 2017, in +vhich case Lessee +vill conve} said propert}• to Lessors at <br />that time. <br />3. Lessee +vill obtain all permits required pursuant to State and/or Federal la++•, in order to <br />mine Lessors' property. Lessee+vill conduct all reclamation concerning the land described <br />in Exhibits A and B pursuant to the State and/or Federal Reclamation Regulations, and <br />pursuant to Colorado Construction Material Rules and Regulations of the Colorado MLRB, <br />1996. The reclamation process +vill be completed +vithin a reasonable and timely fashion <br />but no later than one }'ear from the cessation of the mining operation. <br />4 . Lessors are authorized to graze their cattle on the land described in Exhibits A and B, +vhich <br />land is outside the scope of the gravel pits; until such time as Lessee's reclamation duties <br />commence. Lessors are further authorized to construct a pond upon Lesee's land described <br />herein. Said pond ++•ill llo+v from the stream located on Lessors' and Lessee's land herein. <br />Said pond will not be situated near any gravel pit operation described in this agreement, and <br />+vill be situated on Lessee's land, as described in Exhibit C, attached hereto, and <br />incorporated herein b}' reference. Upon certification of completion of reclamation by the <br />appropriate State andlor 'Federal authorit}', with respect to Lessee's reclamation <br />responsibilities, Lessors may again graze their cattle as described herein above. <br />5. The term of this lease is from ~~ ~ 1997 to •~ 2017 <br />Lessee agrees to complete its gravel extr ction of Lessors' property by the ear 2017. <br />6. Lessors and Lessees warrant that they o+vn in fee simple their individual real property, <br />described in Exhibits A and B. <br />7 . Lessee agrees not to encumber, convey or assign any interest in Chaparral Gravel Pit; and <br />Lessors agreeTtot to encumber, convey or assign any interest in Chaparral Gravel Pi[ No. 2. <br />8 . The parties agree that this lease agreement++•ill be properl}' recorded with the Pazk County <br />Clerk and Recorder: <br />~~ <br />