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<br />1 <br />1 <br /> <br />1 <br /> <br /> <br /> <br />1 <br /> <br /> <br /> <br />GRAVEL P1T LEASE <br />LEASE, Made and entered into this day of <br />1977, between CLARENCE•REYNOLDS, of Granada, Colorado, LE SOR, <br />and THE COUNTY OF PROWERS, STATE OF COLORADO, for the use and <br />benefit of the Prowera County Road and Bridge Eaet District, LESSEE, <br />WITNESSETH: <br />That in consideration of the sum o[ 51.00 and other valuable <br />consideration, the Leaeor hereby leases to the Leeeee a gravel pit located <br />on the following described premises: <br />Io Sac. 6, Range 4~Y, Tovnahip Z3 S. <br />Lessee agrees to pay Leeaor for gravel mined and removed the sum <br />of 8~ per yard during the year 1977, and if the market price of gravel in the <br />area has changed on or before January 1, 1978, then the price [nr the next <br />year shall be at market price, and in any event will be subject to negotiations <br />between the parties. <br />This Lease shall commence on the date hereof and shall continue <br /> <br /> <br />1 <br />1 <br /> <br /> <br /> <br />Crom year to year on a calendar year basis, provided either party may terminate <br />the lease at the end of any calendar year by a thirty-day written notice delivered <br />by regular mail, and provided further that the Lessee shall have the first option <br />on renewals on the best terms Lessor is willing to lease the pit to any other party. <br />The pit is subject to the Colorado Mined Land Reclamation Act requiring the <br />operator of the pit to obtain a permit and to Curnish a plan for re•.clamation oC <br />the pit after its use. Lessee covenants and agrees that it will comply with the <br />provisions of said Act, and for that reason the Lessee wi12 have exclusive control <br />and use of the pit, provided that Lessor may sell gravel to the State of Colorado <br />upon the state's compliance with said Act, and provided furthet• that Lessor's <br />neighbors may purchase small amounts of gravel from the site, the same to be <br />loaded by the Lessee into trucks furmshed by the neighbors. <br />IN WITNESS WHEREOF, the parties have hereunto affixed their <br /> <br />