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f ~ <br />~.. <br />r A , II I I IIIIII II IIII III . ; <br />GRAVEL PIT LEASE AND <br />AGREEMENT TO PURCHASE <br />THIS AGREEMENT is made and entered into this ~(O day of <br />May, 1986, by and between the Owners "THE DOLLERSCHELL GIRLS", acting <br />by and through their duly designated agent Rosella Schure, whose <br />mailing address is 302 Main Street, Sterling, Colorado 80751; and DON <br />KERN CONSTRUCTION, INC. (Kehn), whose mailing address is 6322 South <br />College Avenue, Fort Collins, Colorado 80521. <br />• <br />W I T N E S S E T H <br /> <br />That for and in consideration of the rental in the amounts <br />and payable as hereinafter set forth, Owners have this date,, leased to <br />Kehn the following described property: <br />Approximately 10 acres in the Southeast Corner <br />of the area known as the Dollerschell Gravel <br />Pit and. which is located in the W'~ of Section <br />21, Township 8 North, Range 53 West of the <br />6th P.M., Logan County, Colorado; <br />TOGETHER WITH the means of ingress and egress <br />to said area. <br />The term of this lease shall commence as of the date hereof <br />and shall end one year thereafter. <br />Rental and lease fee shall be paid as follows: $500.00, the <br />receipt of which'is hereby acknowledged. The additional sum of 45C per <br />ton or 65~ per yard for all gravel materials removed .from the pit. <br />Settlement shall be made at the end of each month, during the term of <br />this Lease, when any materials have been removed therefrom. <br />The parties are agreed that initially Kehn will move ire <br />asphalt machine and mixing equipment into the leased area. They will <br />also move into the area sand and gravel from othei` locations and which <br />will be utilized in their mixing process, to the exclusion of material <br />from the Dollerschell pit. <br />-1- <br />