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<br />i~~riiriii~nr~~ri~ <br />('RAVEL LEASE ANn AGREEMENT <br />THIS AGREEMENT made and entered into this l 5 fiC, day of <br />September, 1978, by and between ED GLEASON of Redvale Colorado, Montrose <br />County, Colorado, Party of the First Part, and THE COITNTY OF *tONTROSE, <br />STATE OF COLORADO, by the BOARD OF COUNTY C0.^4~1ISSIONERS OF MONTROSE <br />COUNTY, COLORADO, Party of the Second Part, <br />W I T N E S S E T H <br />THAT FOR AND IlV CONSIDERATION of the agreements, covenants and <br />promises herein contained, Firs[ Party a);rees to sell and Second Party <br />agrees to purchase gravel from the following described real property <br />situate in the County of Montrose, State of Go]orado to-wit: <br />Southeast Quarter, Northeast Quarter (SE'-t NE's), <br />Section Fifteen (15), Township Forty-five (45) <br />North, Range Fourteen (14) West, New Mexico <br />Principal ?feridian. <br />1. The term of this contract shall be from the fifteenth <br />day of September, 1478, to and includinP, the fifteen day of September, <br />~ 1983. <br />2. First Party agrees to sell to Second Party gravel and permit <br />to mine the same upon the following terms and conditions: <br />(a) Thirty Cents ($.30) per cubic yard for all gravel <br />extracted. <br />(b) Payment shall be made in the following manner: <br />(1) Payment shall be made within ninety (90) days from the <br />date of completion of each crushing operation, on a per cubic yard basis, at the <br />price above recited. Measurements to be made by the Second Party by weight or <br />loader bucket measurement. <br />3. Date of Possession: Second Party shall have the right of <br />possession of said premises for such mining excavation purposes as more <br />fully set forth herein as of the fifteenth day of September, 1978. It is <br />further understood and agreed that the Second Party shall have a reasonable <br />period of time upon [he termination date of this contract to retain posses- <br />sion for the purposes of removal of any stockpiled material, stockpiled <br />prior to September 15, 1983. <br />