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... ss DOH Form No. 788 Project No. December 1972 (Prev. O.F. No. LO) Location: Lo ~e_ It rii.. oasis, ~o a..ay~ OPTION TO BUY MATERIAL THIS AGREEMENT, Made and entered into this~_day of • 19 75 by and between Iwsi A. iridse~wi of ~•r.lba, County OO hereinafter re- ferred to as the Owner, and the DEPAa OF HI A S, STATE Ot COLORADO, here- inafter referred to as the DEPARTMENT. (The term "DEPARTMENT" shall be construed to include Department employees, agents and contractors.) WITNESSETH THAT: WHEREAS, the Department desires to obtain construction materials of satis- factory quality and quantity for use in construction,. improvement and maintenance of its highways, which material is available from Land owned by the "Owner" and described as follows, to-wit: with % of :.ooti0a i. is 'Psi•-iili T. ~:an~:a 52 (See skateh on back NOW, THEREFORE, IT IS AGREED BY THE PARTIES: The Owner, for the consideration of One Dollar, receipt of which is hereby acknowledged, hereby grants to the Department the exclusive right and option from • the date of this Agreement until the 4th day of r,~la'uati , 19150 , at 12:00 Noon, to purchase and remove from the subject premises. And or to bss (a) -'°•'~ =avol at tsssi Cents (~C) per (ton) 1wIG~) ;~.U,~uoted of avaeegsa yrie~ Dial OhnnG~ at ~Ittul~ datM. (b) a eats c! per (ton) (cu.yd.) or for a loop sum of $ If the Department exercises this Option within the time aforesaid, the Department shall then have the right to purchase and remove all material necessary for construction of Department projects in the area and for adequate maintenance stockpile. If the Department exercises this Option, the Owner shall be paid a minimum of $25.00. The Department shall have the right of ingress and egress to and from the sub- ject premises and to erect any temporary structures, such as: - screening and crushing plants, and asphalt plants; sad to employ any reasonable methods for remov- al of material. After the Department has completed its removal operations, it will leave the premises in a neat condition. This Agreement is for removal of material for use on Department projects end maintenance only, and removal by any other persons including the Department's contractor or contractors for any purpose other than as herein provided, shall be under a separate agreement with the Owner and only with written approval of the Department. ~ It is understood and agreed that. upon the letting of a contract by the Depart- ment to a contractor for the construction, improvement and maintenance of highways, ~ ' the Department shall assign to the eoatractor all its right, title and interest under this instrument, insofar as the Game shall be applicable to the projects Let to the contractor, and the contractor may reassign such option to subcontractors working on said projects. If ehe option is exercised by the eoatractor or any subcontractor, said eoatractor or subeoatractor shall have a sight to extract all material needed for the projects covered by the contract Let by the Department, sub- ject to all the terms of the Option. Page 1 Please see reverse aide for Page 2 :~ ,_ . ~:.,..... i