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<br />Ire \~I',1'P~ Uf I11 GIi'iJAI'S
<br />I r~rm P:o. 7T]R
<br />P,~sed: February, 1979
<br />OPTION TO BUY I+IATCRIAL
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<br />999
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<br />THIS A.GRCEI~IENT is made and entered into this 1st day of April , 19 $p , by and
<br />bct::ecn the Ov;ner(s): Do'a~lss O'R~nnon _
<br />~e nailing address is: _z?;57 ?'=st Hi=-In.ay 160 ______ ____
<br />Del home. Colo. ,
<br />the Plortgagee: hone
<br />and the STATE DEPARTIdENT OF HlGliI;AYS -DIVISION OF IilClll'!A1'S -STATE OF COLORADO,
<br />hereinafter referred to as the Department.
<br />191TNE55 THAT: The oti+ner(s) for the consideration of one dollar, receipt of which is
<br />hereby acknowledged, does hereby grant to the Department an exclusive right and option
<br />from the date of this agreement until the ~ day of Apr;l 19E3_, at 12:00
<br />noon, to purchase, process, produce, and remove such materials located on ]and described
<br />as follows:
<br />SlJ 1/4 ]vB 1/~! __27. mlrp 40 F, , R 4 B 12?•;?14
<br />I contract has been awarded and the subject material is being used or is to be used,
<br />the expiration date of this Option will automatically extend until the work is completed
<br />for that particular project.
<br />In the event the Department desires to purchase any material located on the above
<br />described land, the Owner will be paid a royalty fee at the following rate:
<br />(a) Surfacing at Twsn~ (20 ¢) Per
<br />(b) norroir at ml,ir~, _ (j0 ¢) per
<br />(c) at ( ¢) per
<br />Ton
<br />The Department shall have the right of ingress and egress to and from the subject
<br />prcmiszs and to erect any temporary structures, such as screening, crushing, and/or
<br />asphalt plants; to stockpile materials in an area of sufficient size; and to employ any
<br />reasonable methods for the removal of said material. Colorado 14ined Land Reclamation Ru;~•;
<br />and Regulations will apply. This agreement and any State, County, or 1lunicipal Permits
<br />obtained by the Department are for the removal of material for use on Department projects
<br />„nd maintenance only.
<br />1t is understood and agreed that, upon the ;~:ard of a contract by Lhe Department to a
<br />rnntr„ctor for the r.onstruction, improve ~ent, and/or maintenance of high~::ays, the
<br />I'I,,rlr_nt ray ;,sign to the conirarlar •;]] its right, t~t1e, and interest under this
<br />tort n:r:it, insofar as the same shall L•e ,pplir.able to Department projects let to the
<br />r, ..`.o ~ ay re;,_~ign uch o;,tiun fo ~:'cur~lr;~lr.rs r:orl•ing on said projects. If
<br />~., ,.t~. l.n ]'~ C'~C rcrsed b}' ~-f C ~ .~i~::: Ct n?' Ur .f'.j '!~CJnt r3Ci Ors, 537d curet tact nr nr
<br />• ,ntracter shall hate a right to ext[act a l n:ferial needed for the projects
<br />1 .~ i',e , ~cii tact. ,...,,, _ y}. " c G [,rt;._•nt, ::object to a]1 terms of the Option.
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