Laserfiche WebLink
5.7.1 ?0F1.'CI.0 :)ACO C1 ?f?fOFM �Q <br />rrL�iEp q UTH E. HEATH, RECORCEf <br />MEMORANDUM AGREEMENT ennx &92?AGE W <br />FOR <br />Q OPTION AGREEMENT <br />THIS EMORANDUM AGREEMENT is made on the day of <br />607, V <br />19 494; by and between JAMES K. JOHNSON and RUTH E. JOHNSON P.p, ox <br />TED Colorado, 81424 LIABILITY COMPANY ( "Seller "), and WESTERN FUELS -COLO <br />A LIM , a Colorado Limited Liability Company <br />( "Purchaser "), 405 Urban Street, Suite 305, Lakewood, Colorado, <br />80228. It is the intent of the parties to this Memorandum <br />Agreement that this document serve as <br />giv a recordable Memorandum <br />in full notice o t p Agreement dated as of da y of Seller and the Purchaser. <br />1 45 a + S in cp le ss followslows : owns the real property legally described <br />THE SOUTHWEST k OF SECTION 36, TOWNSHIP 47 NORTH,. RANGE <br />16 WEST OF THE NEW MEXICO PRINCIPAL MERIDIAN, EXCEPT A <br />TRACT DESCRIBED AS BEGINNING AT THE SOUTHWEST CORNER OF <br />SAID SECTION 36; THENCE NORTH 00 DECREES 10 MINUTES EAST <br />ON SECTION LINE 352 FEET; THENCE NORTH 57 DECREES 50 <br />MINUTES EAST 332 FEET; THENCE NORTH 67 DECREES 55 MINUTES <br />EAST 700 FEET; THENCE SOUTH 59 DEGREES 50 MINUTES EAST <br />689 FEET; THENCE SOUTH 36 DECREES 35 MINUTES EAST 602 <br />FEET TO SECTION LINE; THENCE NORTH 89 DECREES 15 MINUTES <br />WEST ON <br />AND EXCEPT SEC <br />ANY RIGHT 90E- WAYTFOR T PUBLIC N ROADS E THEREIN' <br />COUNTY OF MONTROSE, STATE OF COLORADO, <br />including all surface rights, rights to coal and of er minerals, <br />and rights to water (the "Property "). The P <br />the personal residence of Seller „� t1 ' a so in <br />�rj0 . � C are specifically e included e in o the Property op i 6 1 , 6 0 m � any 'stock <br />Purchaser has requested that Seller grant to Purchaser an <br />option to purchase the Property, and Seller is willing to grant <br />such an option subject to the terms of this Agreement. <br />Accordingly, Seller and Purchaser hereby agree as follows: <br />1• GRANT OF OPTION. Upon and <br />condition subject to the terms and <br />s of the Option, Seller hereby grants to Purchaser the <br />exclusive option (the "Option ") to purchase of the Property in <br />accordance with the terms of the Option Agreement. The Option <br />shall expire as of the end of the Option Term, as hereinafter <br />defined, unless prior thereto, time being of the essence, Purchaser <br />has exercised the Option in accordance with Section 4. <br />Attachment 2.03.6 -1 -65 <br />