PERMFILE136557

• Permit No: M1976018
• IBM Index Class Name: Permit File
• Section_Exhibit Name: EXHIBIT L S&G LEASE
• Media Type: D
• Archive: No

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SAND AND GRAVEL LEASE
THIS LEASE made and entered into by and between KENNETH EUGENE
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A1'ERS, Lessor, and I~IELVIN GEIB, ~„ Lessee.
Lessor leases to the Lessee the East Half (Ez) of the Northeast
(?uarter (NEa) of Section Seven (7), Township Eight (8) North, Range
Sixty-five (65) {Vest of the 6th P.nI., Weld County, Colorado, for the
purposes of excavating and removing therefrom sand and gravel, and to
operate therein a gravel pit. The right shall be exclusive in the
I.~essee during the term of the lease.
The lease shall extend from January 28, 1976 for a period of
twenty-five (25) years, to January 28, 2001.
The Lessee agrees to strip and stockpile the overburden and when

the areas of excavation are completed, to cover the same with the
overburden material, to the depth of not less than one foot. All
excavations shall be sloped in accordance with good practice and the
Lessee shall be responsible for all of the operations on the premises,
including any liability involved in connection with the operation of
the gravel removal business. Lessee agrees never to excavate down to
the water line so that at no time will there be water exposed in the
€;ravel excavation or gravel pit. It is intended at all times that this
shall be a dry gravel pit.
As rent for the lease, the Lessee agrees to pay to the Lessor at
the rate of twenty-five cents ($.25) per ton for the gravel removed,
the rental being payable at the end of each month for the gravel excavated
in the preceeding month. At the end of each month, the Lessee shall
furnish to the Lessor an itemized statement showing the dates and the
tonnage removed of sand and gravel, and shall, on or before the fifteenth
day of the month following the completion of the prior month's gravel
removals, furnish the statement and make payment for rental at the
above rate.
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