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Montezuma County reviews three‑year lease renewal for Hakeham Gravel Pit with 3¢/ton royalty increase
Summary
County staff described a three‑year renewal with LMN Properties for the Hakeham Gravel Pit that would run to 04/30/2029, noting a 3¢ per‑ton royalty increase and that the county retains a loader with calibrated scales while hauling occurs.
County staff presented a renewal lease with LMN Properties for operation of the Hakeham Gravel Pit. The contract would extend three years to 04/30/2029 and includes a 3¢ per‑ton increase in the royalty rate that the county would pay; operations staff confirmed the county retains a loader with scales while hauling occurs and that scales are calibrated at least annually.
Staff and commissioners described the agreement as straightforward; no formal vote or additional direction was recorded at the workshop.
The Board moved on to other agenda items after the briefing.
