HomeMy WebLinkAbout780740.tiff RESOLUTION
RE: ADOPTION OF MINERAL LEASING BIDDING PROCEDURES FOR OIL, GAS,
COAL, URANIUM AND OTHER MINERALS.
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 of Weld County,
Colorado deans it advisable and in the best interest of Weld County
to adopt mineral leasing bidding procedures for oil, gas, coal,
uranium and other minerals, and
WHEREAS, after careful consideration the Board of County Com-
missioners desires to implement the following procedure for the
leasing of all minerals, to-wit:
1. The Board of County Commissioners will determine in ad-
vance all tracts to be offered for leasing for the purpose
of developing any type of minerals, including oil and gas,
uranium, coal and any other minerals which are owned by the
County either as severed minerals or minerals underlying the
County-owned surface real estate. The Board of County Com-
missioners may delegate the selection of these tracts to a
qualified person employed by Weld County. The Board of County
Commissioners will determine whether tracts will be leased
on an individual basis or in groups, whichever would be in the
best interest of Weld County. Until ownership of mineral in-
terests owned by Weld County is determined by title search,
Weld County will continue to lease mineral lands only upon re-
quest of prospective lessees.
2. A notice shall be published in a newspaper of general
circulation in the State at least thirty (30) days prior to
the date selected for bid opening, which notice shall describe
the available tracts by legal description and request bids to
be submitted on a date prior to the opening of the bids. In
addition, the Board of County Commissioners shall maintain a
mailing list of prospective bidders compiled from County
/1 f �// 780740
records of previous lessees and any other available sources,
including the list of lessees compiled by the State Board of
Land Commissioners which is maintained in Denver in connec-
tion with the State of Colorado Mineral Leasing Program.
The Board, in its discretion, may advertise certain tracts
in local newspapers and in newspapers in other states, when,
in the Board' s discretion, such advertising will promote ad-
ditional bidding activity.
3. All bids are to be submitted as sealed. Bids will be
accepted subject to the Weld County lease forms and the pro-
visions incorporated in the Weld County lease forms. The
County will provide lease forms for each type of mineral to
be leased, and will accept no other lease forms. Overriding
royalty will generally be limited to two percent (2%) but,
in the discretion of the Commissioners , additional overriding
royalties may be permitted on a case-by-case basis.
4 . The sealed bidssubmitted will be opened at a regular public
meeting of the Board of County Commissioners after the required
thirty day notice. The thirty day notice shall give the date
of the opening of the sealed bid. The high bid will re-
ceive the lease unless exceptional circumstances indicate to
the Board that it is in the best interest of the County to
accept an alternate bid. In the case of a dispute concern-
ing which of two or more bids shall be more advantageous to
the County, the Commissioners ' decision shall be final. The
Commissioners may reject any and all bids.
The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 1st day of
February , A.D. , 1978 .
BOARD OF COUNTY COMMISSIONERS
ATTEST: WELD COUNTY, COLORADO
n-n1 E4=
Weld County lerk and Recorder
a. = erk to the Boar•
By zLi/�
:eputy County er ,
APPRO7 D AS TO FORM: .
cY - , - O A0 A
County Attorney
Date Presented: February 1, 1978
Hello