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SIGN URANIUM LEASE, COUNTY #7
TREND EXPLORATION LIMITED:
WHEREAS, the Trend Exploration Linited of 600 Capitol Life Center
Denver, Colorado, has presented a Standard Uranium Lease, covering a tract of
land situate in Weld County, Colorado, more particularly described as follows:
Lots 1, 2, 3, 4, Sj44 : Section 3, Township 7 N, Range 63 West of the
6th P. M. , containing 321.16 acres, more or less,
and
WHEREAS, a signed consent of the surface owner,; Mrs Etta H. Ball,
together with an agreement signed by Trend Exploration Limited, for payment
of damages to the surface, labeled Exhibit A and B, is hereto attached and
made a part of the lease, and
WHEREAS, the Board believes it to be in the best interest of the
County to sign said lease.
NOW, THEREFORE, BE IT RESOLVED, by the Board of County Commissioners
of Weld County, Colorado, that it does hereby accept by signing said Uranium Lease,
County #7, with the Trend Exploration Limited for the heretofore described tract
of land, for a period of ten years with a bonus consideration of $1.00 per
mineral acre and delay rental of $1.00 per mineral acre.
The above and foregoing resolution was, on motion duly made and
seconded, adopted by the following vote:
AYES: ,//„ 4 /f 7t �y�
7gyp ,�/J / / JJ///
THE BOA CO COMMISSIONERS
WELD COUNTY, COLORADO
DATED: AUGUST 12, 1970
i F e1710 700314
GLENN K. Si LUNGS It i"t
C Y.AIP MAM1 L- �. \ ....«
RT. 2, BOX 157. GREELEY, COLO.
HAROLD W. ANDERSON.
CHAIRMAN PRO.EV.
RT. I. JOHNSTOWN, COLO OFFICE OF THE WELD COUNTY ATTORNEY SAMUEL S. TELEP
COUNTY ATTORNEY
MARSHALL H. ANDERSON, PHONE 1303, 352.5132
212 4ME ER
2412 6TN AVE.. GRCELEY. COLO. ;CG=)J
May 21, 1970
Etta E. Ball
Briggsdale, Colorado 80311
Re: Township 7 North, Range 63 West of the 6th P. M, : Lots 1, 2, 3, 4, S4NTZ
Sec. 3; Township 8 North, Range 63 West of the 6th P. M. : SW-41- Sec. 25;
Sz Sec, 33; WZ, SE-1- Sec. 35.
Dear Mrs. Ball:
Pease be advised that Weld County i s in the process of signing a Mineral Lease
with Trend Exploration Limited, 603 Capitol Life Center, Denver, Colorado,
whereby said lessee will cause, by exploration of your premises, to try and lo-
cate uranium, thorium, vanadium and other minerals of value that can be re-
moved in the process of mining and milling the same from the above-mentioned
lands. As you probably know, Weld County owns the minerals underneath the
surface of these lands and oefore it enters into any lease, it wishes to know whe-
ther you have any objections. Weld County feels that you as the surface owner,
certainly do have something to say about what will or may happen to the surface
of the lands involved.
We have on file in the office, an instrument whereby Etta H. Ball, as surface
owner of the above-entitled premises, has signed a consent stating in effect that
she has no objection to Weld County entering into a lease agreement whereby the
lessee can explore and mine for said minerals.
Although we have your consent as surface owner, the Board of County Commis-
sioners, Weld County, Colorado, has instructed this office to obtain a personal
response from you regarding your feelings in the matter and whether you have
any objections to Weld County entering into such leases.
Your early reply will be greatly appreciated. For ready reference, I attach
herewith a stamped, self-addressed envelope for your convenience in replying.
Very truly yours,
rSamuel S. Telep
County Attorney
SST:bp
Enc.
'�a,oard�;9
TATIOCK'S, Inc.
1610 Court Place
Form JG—LS(Revised 1967) D , Cola. 80202 Phone 266-1681
Standard Uraniu m Lease(Approved) --
THIS AGRE
EMENT OF LEASE, made and entered into this -'y l __. day of 19 70
by and between
Yeld County, Colorado, a political subdivision of the ,.Mate 'J_ C0 or -do,
by the Board of County Conmiesioncrc,
c/o Board of County Couanissioric rs, ,'Eld County Court dO .Se, Greeley, Colorado
(whether one or more) of
hereinafter called lessors, andTrcnd Exploration Li.ited. 600 Capitol Liie Center, Denver, Colorado 00203
hereinafter called the lessee;
WITNESSETH: That the said lessor, for and in consideration of Three hundred twenty one and 16/100- - —Dollars,
.00
cash in hand paid, the receipt of which is hereby acknowledged as payment of the initial rental computed at the rate of •1
per-acre, and of the covenants and agreements hereinafter contained on part of lessee to be paid, kept and performed, has granted, demised, leased and
let and by these presents does grant, demise, lease and let exclusively unto the said lessee for the sole and only purpose of exploring, mining and operat-
ing for and taking Uranium, Thorium, Vanadium and other minerals of value that can be removed in the process of mining and milling the same, from
the lands hereinafter described; situate, lying and being in the County of—''Lela and State of___Colorado , to wit;
Tounship 7 forth-any,e 63 West, 6th F. _
Sec. 3: Lois 1 -. 3, 4, � Z1
321.16
estimated to contain — acres, more or less.
It is agreed that this lease shall remain in force for a term of 10 years from this date, referred to as primary term and as long thereafter as the
minerals hereinabove designated or any one of them are being produced in paying quantities from said premises, and the royalty and rents provided
for herein are being paid, subject to the terms hereinafter described, or as long thereafter as the lessee continues to prosecute the mining and explora-
tion of said premises.
4th April 19 71
,
If actual mining operations are not commenced on said land on or before the day of. —•
this lease shall terminate as to both parties, unless the lessee shall on or before that date pay or tender to the lessor or to the lessor's credit in the
Board of County Co r nissioners _Boor at Greeley, Colorado _, or
w321.16
its successors which shall continue as the depository regardless of changes in the ownership of said land,the sum of -,
dollars, which shall operate as a rental and cover the privilege of deferring actual mining operations for twelve months from said date. In like manner
and upon like payments or tenders, the commencement of actual mining operations may be further deferred for like periods of the same number of
months successively. And it is understood and agreed that the consideration first recited herein. the down payment, covers not only the privilege granted
to the date when said fiat rental is payable as aforesaid, but also the lessee's option of extending that period as aforesaid, and any and all other rights
conferred.
In consideration of the premises the said lessee covenants and agrees:
To pay lessor an amount equal to 5 percent of the gross mill returns from any and all ores mined from the leased premises, including
_percent of any bonus or premium payments, but not including any portion of the haulage or development allowance. ',a-+ Lw-1�1T �i All
fl
Should production of minerals hereinabove described from the leased premises cease from any cause after the expiration of the primary term this
lease shall not terminate provided lessee continues with due dilligence and good and proper mining and exploratory procedure to regain or restore
production from said land. If such production is restored through any such operations this lease shall continue with the like effect as if there had been
no cessation thereof.
If said lessor owns a less interest in the above described land than the entire and undivided fee simple estate therein, then the royalties and
rentals herein provided for shall be paid the said lessor only in the proportion which lessor's interest bears to the whole and undivided fee.
Lessee shall be liable and agrees to pay for all damages to the surface of the land, livestock, growing crops or improvements caused by lessee's
operations on said lands.
Lessee shall have the right to use, free of cost, water produced or found on said land for lessee's operation thereon, except water from the wells
and reservoirs of lessor.
Lessee shall have the right at any time to remove all machinery and fixtures placed on said premises.
All express or implied covenants of this lease shall be subject to all Fe deral and State Laws, Executive Orders, Rules or Regulations, and this lease
shall not be terminated, in whole or in part, nor lessee held liable in damages for failure to comply therewith, if compliance is prevented by, or if such
failure is the result of any such Law, Order, Rule or Regulation.
If the estate of either party hereto is assigned, and the privilege of assigning in whole or in part is expressly allowed, the covenants hereof shall
extend to their heirs, executors, administrators, successors or assigns, but no change in the ownership of the land,or assignments of rental or royalties shall
be binding on the lessee until after the lessee has been furnished with a written transfer or Issignment or a true copy thereof: and it is hereby agreed
that in the event this lease shall be assigned as to a part or as to pails of the above described lands and the assignee or assignees of such part or
parts shall fail or make default in the payment of the proportionate part of the rents due from him or them, such default shall not operate to defeat
affect this lease insofar as it covers a part or parts of said lands upon which the said lessee or any assignee thereof shall make due payment of
said rental. In case lessee assigns this lease, in whole or in part, lessee shall be relieved of all obligations with respect to the assigned portion or portions
arising subsequent to the date of assignment. Lessee may at any time surrender this lease in whole or in part by mailing a release to lessor or placing
a release of record in the proper county and shall thereupon be relieved of all obligations hereunder except as to any part retained.
Lessor hereby warrants and agrees to defend the title to the lands herein described. and agrees that the lessee shall have the right at any time to
redeem for lessor, by payment, any mortgages, taxes or other liens on the above described lands, in the event of default of payment by lessor, and be
subrogated to the rights of the holder thereof, and the undersigned lessors, for themselves and their heirs, successors, and assigns, hereby surrender
and release all right of dower and homestead in the premises described herein, insofar as said right of dower and homestead may in any way affect
the purposes for which this lease is made, as recited herein.
Lessee agrees to comply with the Colorado G. en Cut Land Reclamation Act of 1969,
which shall be deemed to apply to the ainin;, of ,;ranium and all work and activities
on the above described lands.
See ln.!IfITS "A" and "lB" attached and made a part hereof .
)e1d County, Colorado, by the
WITNESS the parties hereto In duplicate the day and year first above written.
LESSOR: Bo d of County Coni4ssioncr$:
LESSE .._7r ,,�J lI • l
F. : . Hulett, Jr., lent
'ttest:
-
County Clerk and F:ecorder
EXHIBIT "A"Attached to end made a port of Uranium Lease da€ed tkp;ri1 µ, 1970
by and between :field County, Colorado, a political subdivision of the State ,
of Colorado, by the Board of County Commissioners,
Lessor , and TREND EXPLORATION LIMITED , Lessee .
Notwithstanding anythingto the contrary herein contained , in the
event Lessee destroys or permanently damages the surface of all or
any part of the Leased Premises by removal of said surface in the
course of excavating a mine or by covering said surface with earth,
rock ore or other materials during the course of mining operations
hereunder , then Lessee shall pay or tender to Lese{rp. surface owner
125v of the fair market falue as full payment for each acre of surface
land (pro rata for fractions of an acre ) , actually permanently
damaged or destroyed ; provided that if Lessor owns less than the
entire and undivided surface estate , the payments to be made shall
be proportionately reduced and paid to Lessor only in the proportion
that Lessor 's interest bears to the entire undivided surface estate .
For all fissionable materials mined , saved , and removed from Leased
Premises , Lessor reserves and Lessee agrees to pay to Lessor a royalty
based on the gross purchase price as set out below :
SCHEDULE A — SURFACE OR PIT MINING SCHEDULE B - UNDERGROUND MINING
ROYALTY: ROYALTY :
GROSS PURCHASE PRICE PER ROYALTY GROSS PURCHASE PRICE PER ROYALTY
TON (2000#) AT MILL RATE % TON (2000#) AT MILL RATE
Up TO $ 4 .00 5 $ . 00 TO $14 .00 5
$ 4 .00 TO 6 .00 5+ 14 . 00 TO 16 .00 5+
6 .00 TO 8 .00 6 16.00 TO 18 . 00 6
8 .00 TO 10.00 6* 18. 00 TO 20. 00 6*
10.00 TO 12 .00 7 20. 00 TO 22 . 00 7
12 .00 TO 14 .00 7+ 22 .00 TO 24 . 00 7+
14 .00 TO 16 .00 8 24 .00 TO 26 . 00 8
16 .00 TO 18 .00 8+ 26 . 00 TO 28.00 8+
18.00 TO 20. 00 9 28 . 00 TO 30. 00 9
20.00 TO 22 .00 9* 30. 00 TO 32 .00 9#
22 .00 TO 24 .00 10 32 . 00 AND UP 10
24 .00 TO 26 .00 10*
26 .00 TO 28 .00 11
28 .00 TO 30.00 114
30.00 TO 32 .00 12
32 .00 AND UP 12*
On all other minerals recovered in the process of mining and milling
uranium, the royalty shall be 5% of fair market value .
INITIALL D FOR PURPOSE OF IDENTIFICATION
Exhibit "3"
CONSENT OF SURFACE OWNER
For good and adequate consideration, the receipt and sufficiency
of which is hereby acknowledged, the undersigned (whether one or more) owner
of the surface of the land described in the foregoing lease hereby consents .
to the granting of said lease by the lessor named therein upon and subject
to the terms and conditions therein set forth. The giving of this consent
shall not thereby entitle the undersigned to receive any payments under the
foregoing lease.
IN WITNESS WHEREOF, the undersigned has executed this consent as •
of the day and year of the foregoing lease.
iA to h. hall
STATE OF )
Lolarudu ) ss.
COUNTY OFAaId
)
The foregoing Consent of Surface Owner was acknowledged before me
this day of , 1970, by
--C 7 April t ttc H, tall
14y commission expires . jam.
(.O/ (.C a'�Ci f '�. =(c %'�.
f i, / `' (2-1/ Notary Public
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