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:, <br />~ ~~'xt~~~iT G• <br />SLB 259 <br />Rev. 5/89 <br />STATE OF COLORADO <br />State Boazd of Land Commissioners <br />Department of Natural Resources <br />SAND AND GRAVEL LEASE NO. GL 3262 <br />III IIIIIIIIIIIIIIII <br />-~~ <br />-;1/~~ <br />aP.r,. ,~ ^ 1995 <br />-~iViSIOII J~ ul~t, dlS <br />a ~eolo9Y <br />THIS LEASE, Made in duplicate and entered into on this 22nd day of February , 1995 , by and <br />between the STATE OF COLORADO, acting through its State Boazd of Land Commissioners, hereinafter referred <br />to as "Lessor", and Merlin J. Peterson <br />1671 ]ackson Cormty Rd 30. Walden CO 80480 <br />hereinafter referred to as "Lessee": <br />WITNESSETH <br />Lessor, for and in consideration of the sum of one hundred eip~hty and no/100 - Dollars <br />($ 180.00 ), receipt of which is hereby acknowledged as payment of filing fee in the amount of $ 20.00 ,and <br />first year's rental in the amount of $ 160.00 ,and in further consideration of Lessee's agreement to make <br />payments of rental annually on or before each anniversary date during the term of this lease in like amount so long <br />as said lease shall remain in effect. In further consideration of the covenants and agreements hereinafter <br />mentioned, to be kept and performed by Lessee, iu successors and assigns, Lessor has demised and leased to <br />Lessee the right and privilege of taking alluvial sand and gravel and interbed sandy clay (bedrock clay stone and/or <br />sandstone excluded) from the lands hereinafter described, situate, lying and being th the County of aclc5on , <br />and the State of Colorado, to-wit: <br />ACRES <br />80.00 <br />FUND: School <br />SUBDIVISION <br />in SW/4, all that South <br />of Hwy 14 <br />SEC.TWP.RGE. <br />36-8N-78W <br />PATENTS <br />None <br />containing 80.00 acres, more or less, together with the right to use as much of the surface thereof as may be <br />reasonably required in the exercise of the rights and privileges herein granted, subject to existing rights-of-way <br />and the rights of surface lessees of said premises. <br />RESERVING, however, to the State of Colorado: <br />A. The right to use or lease said premises or any part thereof at any time for any purpose other than <br />and not inconsistent or interfering with the rights and privileges herein specifically granted. <br />B. The right at all times during the life of this lease to go upon said premises and every part thereof, <br />for the purpose of inspecting same, and the books of account and records of workings therein, and <br />of ascertaining whether or not Lessee and those holding thereunder by and from it, aze carrying <br />out the terms, covenants and agreements in this lease contained. <br />C. The right to grant rights-0f-way over said premises for pipelines, roads, railroads, power, <br />telegraph, telephone, ditches, and canal lines. or any other lawful purpose, or lease the <br />above-described lands for any other purpose than the one specified therein, which such grants or <br />