HomeMy WebLinkAbout841213.tiff RESOLUTION
RE: ESTABLISHMENT OF NEW CONDITIONS TO THE MINERAL LEASING
POLICY.
WHEREAS, the Board of County Commissioners of Weld County,
Colorado, pursuant to Colorado statute and the Weld County Home
Rule Charter, is vested with the authority of administering the
affairs of Weld County, Colorado, and
WHEREAS, the Board of County Commissioners desires to
establish new conditions to the mineral leasing policy currently
used by Weld County that were adopted May 6 , 1981 , and
WHEREAS , said conditions are more particularly stated as
follows:
1 . The term of the leasing period shall be for a maximum
of 3 years.
2 . There shall be a continuation of the sealed bid
process with the amendment that the top two bidders
and any other bidder within 10% shall participate in
an auction. The opening of the sealed bids and the
auction shall be held on the same day.
3 . A bid of at least $10 . 00 per acre shall be the minimum
amount required.
4 . There shall be a continuation of the requirement for
certified funds .
5. Where there is a conflict concerning the ownership of
the lease , the owner of the lease shall provide
evidence of ownership.
6 . Royalty interest in the production to be paid to the
County shall be at least twelve and one-half percent
(12 . 5%) . Specific amount of royalty interest to be
set by the Board prior to bidding process.
7. Royalty interest in the production to be paid to the
County shall be twenty-one percent (21%) when bidding
is waived on small parcels under ten acres.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County that new conditions to the mineral
leaving policy for Weld County be, and hereby are , established
as stated herein ���� LL�DDa,3
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YS� f LAC ��� Y 841213
•
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 19th day of
December, A.D. , 1984 .
BOARD OF COUNTY COMMISSIONERS
ATTEST: _ /-; WELD COUNTY, ,COLORADO
Weld County C rk and Recorder pLr
and Clerk to the Board Norman Carlson, Chairman
/ EXCUSED DATE OF SIGNING (AYE)
BY: ,L2_k; .h � j 1 /J^0023_1 J ueline Johnson, Pro-Tem
Deputy County Clerk a GG .reimikAv
APPROVED AS TO FORM: e Brantne
ucc Carlso
V County Attorney
J n Martin
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