HomeMy WebLinkAbout861103.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 was adopted December 19 , 1984 , and
WHEREAS, said conditions are more particularly stated as
follows:
1 . The term of the leasing period shall be for a maximum of
three 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 the 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 the bidding process.
7. Royalty interest in the production to be paid to the
County shall be twelve and one-half percent (12. 5%) when
bidding is waived on small parcels under five acres with
a minimum of a $200. 00 royalty bonus for the parcel.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, that the new conditions to
the mineral leasing policy for Weld County be, and hereby are,
established as stated herein.
861103
Page 2
RE: ESTABLISH NEW CONDITIONS - MINERAL LEASING POLICY
The above and foregoing Resolution was , on motion duly made
and seconded, adopted by the following vote on the 19th day of
November, A.D. , 1986.
/► C- __ _t _ BOARD OF COUNTY COMMISSIONERS
ATTEST: (�n�,,,� �'p"`w" WELD COUNTY, COLORADO
Weld County Clerk and Recorder
and Clerk to the Board Ja que Air1i n - .n , Chairman
r
BY: j-,jc,1<"-1-2
, Go .r -.
• o-Tem
plutyCounty C k
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APPROVED AS TO FORM: Gene R.B.
Brantner
14-e-5/
/'4L�— C.W. Kir15y
County Attorney
Fret/Oar"
861103
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