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HomeMy WebLinkAboutC12-041 Lagarge West Eighth AmendmentEIGHTH AMENDMENT TO SAND AND GRAVEL MINING LEASE This Eighth Amendment to Sand and Gravel Mining Lease (hereafter "Eighth Amendment ") is entered into this 31gday of January, 2012, effective as of the same date, by and between Eagle County, Colorado, a body corporate and politic ( "County or Lessor "), through its Board of County Commissioners, and Lafarge West, Inc., a Colorado corporation ( "Lafarge or Lessee "). RECITALS A.The history of this Lease is the following: 1) Lease from Loren G. Chambers to Flatiron Paving Company, dated December 29, 1980; 2) Assignment and Assumption of Leasehold between Flatiron Paving Company (as assignor), Mobile Premix Company (predecessor of Lessee, as assignee), and Loren G. Chambers (as owner), dated November 30, 1984; 3) Modification to Sand and Gravel Mining Lease between Loren G. Chambers (as Lessor) and Mobile Premix Company (predecessor of Lessee, as Lessee), dated December 8, 1986, and recorded in the official records of the Clerk Recorder at Book 454 Page 514; 4) Assignment of Lease between Eagle County (as assignee), Mobile Premix Company (predecessor of Lessee, as Lessee) and Loren G. Chambers (as assignor), dated December 8, 1986, and recorded in the official records of the Clerk & Recorder of Eagle County at Book 456 Page 596; 5) Second Amendment to Sand and Gravel Lease, entered into July 21, 1997, with Western Mobile Pre -Mix Company (predecessor of Lessee, as Lessee) effective April 1, 1997; 6) Third Amendment of Sand and Gravel Lease, entered into October 2, 1998 between Lessor and Western Mobile Northern, Inc. (hereafter, "Third Amendment"). 7) Fourth Amendment of Sand and Gravel lease, entered into March 20, 2001 between Lessor and Western Mobile Northern, Inc., a wholly owned subsidiary of Lafarge West, Inc. (hereafter, "Fourth Amendment"). 8) Fifth Amendment of Sand and Gravel lease, entered into March 21, 2006 between Lessor and Lafarge West, Inc. (hereafter "Fifth Amendment "). 9) Sixth Amendment to Sand and Gravel Mining lease, entered into February 23, 2010 between Lessor and Lafarge West, Inc. (hereafter "Sixth Amendment "). 10) Seventh Amendment to Sand and Gravel Mining lease, entered into October 12, 2010 between Lessor and Lafarge West, Inc. (hereafter "Seventh Amendment") 1 OA X - lilt I WHEREAS, the County and Lafarge mutually desire to again amend the Lease to resolve and clarify payment schedule of the agreed capital payment by Lafarge, and WHEREAS, the recitals contained herein are incorporated as part of this Eighth Amendment and are to be construed as accurately reflecting the intent of the County and Lafarge in amending the Lease. NOW, THEREFORE, for and in consideration of the Lease and the mutual covenants contained in this Amendment, the parties agree as follows: 1.The capital payment called out in Paragraph 9 of the Sixth Amendment and amended in Paragraph 1 of the Seventh Amendment shall be paid as follows. A payment shall be due on January 31, 2013 in the amount of Two Million One Hundred Seventy Five Thousand dollars ($2,175,000). Both Parties may terminate without cost until this time as set forth in Section 12 of the Sixth Amendment. Upon such termination, any amounts previously paid by Lafarge will be refunded by the County in the form of either a direct payment or offset of applicable royalty payments as determined by the County. 2.Upon request made by Eagle County, Lafarge will consider making a capital funds payment prior to the dates listed in paragraph 1 above. The parties agree that the timing and amount of early payment shall be by mutual agreement between the parties. Absent such mutual agreement, the payments shall be made on the dates set forth herein. 3.Lafarge will complete all excavation and site earthwork for the area defined as the new ball field location, as shown on Exhibit A attached hereto and incorporated herein, by June 1, 2013. The term "complete" as used herein shall mean that the area is excavated per the approved mining plan in the Special Use Permit and turned over to the County ready for field construction. 4.Eagle County will issue a notice to proceed with the construction of the new ball fields to a selected contractor by August 1, 2013 and shall continue with due diligence to complete construction. 5.Except as herein expressly amended, the terms and conditions of the Sixth Amendment of the Sand and Gravel Lease shall remain in full force and effect. This Amendment shall be binding on the parties hereto, their heirs, executors, successors, and assigns. Any dispute of this Lease shall be determined by Colorado law and the venue for the same shall be in Eagle County, Colorado. 2 WHEREFORE, the parties have executed this agreement on, and effective as of, the date first set forth above. Lessor ": C. 1 TY OF EAGLE, STATE OF COLORADO, ough its BOARD OF COUNTY S `*. : c, $ IONERS AT'T'EST:w 1" 1 x. i By. 4w.A4 Clerk of the Bo rd of fairman — t ; 1 I.L.A.- County Commissioners 19 \-1 t_,,_ --1 i J bar Y N u--, Date:1131111-- Lessee": LAFARGE WEST, INC., a Delaware corporation ATTEST: By: 4. 7- - c-..10 Se4i) y Egad i,f4A,,,n1a4,Name: S:tve"i i =c4./• LA4, 5 4 Wes'}, =n L, Title: z dor Date: Y/ L. 3 J,,-__;-—-——EXHIBIT-MININGPHASELINEGCCCEAGLECOUNTYBALLFIELD$AParcelofLandLocatedinSections31and32,Township4South,Range84WestandSections5and6,Township5South,Range84Westofthe6thP.M.CountyofEagle,StateofColorado::_:_——-———;—------_-----;:;-___‘__\---------fZGRAPHICSCALE(00PEST)1theNIDEft———————-16-_-_——5G:____———-S—,——6566—————--/---s---------t-—if___———/‘,•‘‘—--,‘‘/.1-?i,(—UI,_-—:—__E::--—5%SANITARY00885MMAIOLE-6553.75livOUT—6549.6liv94—6550.15————\I————,/——--———LEGEND:—*—---s—WATERUNEOREHYDRANTWATERVALPE—OUCATONBOX181U.EPH00IEUNE81aEp840045P5ThL61DICITRC1.1€———OWIRIEADEECThC11€®DECliNEMMMADZDECIRIC18158BOLEC1RICPEDESTALtElTRARTEDRIIEX-0-UTilitYP0IEsXUDETGASliNE—.,——SMATANY008.58UNESAIATARY00*58MANHOLEl9SANITARYSEVERD.ZAAIUJT——SlI00*65LINE——FLOWUNE—658SANITARYSEOUlMANHOLERIM—6555.53INVOUT—6549.13AC?I,—-——,——(—466.FDJNO2N.]RIII5REDAR-I/OS)/5’iI—‘I--.5%65Ob——’-°—-—-18REPSWV946505.8,3A68â19tsCdo,XdoleesaMUSTXon,enoeonyicqolb...dap...yd.betHthissarosysuSietSr..yser.Ie.e.,dliArdof.aLInnosoenSn,oyonyd.R.etHDel.eosyben,rn.nr.d1n.E.GLERIVERI,-————————SANITARYSEVERMANHOLE———-—-MM—8510.35-.-—INVOUT—6503.45__.INVW—650395—EXHIBIT-MININGPHASELINEEAGLECOUNTYBALLFIELDSCoUntyofEagle,StateofColorado0475PCARPKP.O.Box1062AVON1CO81620(970)748-0274(970)748-9021FAX A `y9 .. 1 Illllllrl rl ' It §f 1 IIIIIII11/ I `11IIlilllljjl11.1111 AlIIlllllI 'liltl ' I I \N III,3°9' °3'° I ` I / 1 )11111 11 0 11111 \ vevn I I \ \ Illllli 111 \ 11111 \ "s LLL Ir I \ j urr / -! /1 I / AdU111 1 111 gR .i r 1 IIII 11 IiII 1 111 I i ' lei ` 1, r i 11 1 i I 11 II 'iiii11ii0 'i Pv 1 i11ii\ae1S3€ II //q 0 a r I Ip11ee I 7y I Ito Irl 6 I ° tlr '.:IIr1 p11.A Iv II 1 3 °343 I 1lll1pqllr I 8 11- .11111 III I , I 111113S3r l P'Il, HI I Iq 1'111111111 1111 .^tl M ! $ Uo to '111111111II. 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