Exhibit 10.156
July 30, 2001
1. This contract between Meadow Valley and Xxxxxx Mining, LLC will be for a
term of five (5) years, beginning September 1, 2001 and ending August 31,
2006. There is an Option term that would be for a two (2) year period
beginning September 1, 2006 and ending on August 31, 2008.
2. Meadow Valley will do all the crushing out of Xxxxxx Mining pit for any job
where they may need material in the Yuma area.
3. There is to be a fifty cents ($0.50) per ton royalty charge for the first
100,000 tons of material used by Meadow Valley for Meadow Valley projects.
4. After the first 100,000 tons, the next 100,000 tons will be at a royalty
charge of sixty-five cents ($0.65) per ton.
5. After the first 200,000 tons and through the balance of the five-year
contract, the royalty price will be eighty-five cents ($0.85) per ton.
During the two-year (2) option term the royalty price will be ninety-five
($0.95) per ton, with the right to negotiate on large jobs.
6. Xxxxxx Mining, LLC has the right to sell ABC, rock, sand etc. to any other
contractors.
7. In the event another contractor got a job and material was required, Meadow
Valley will do all the crushing for Xxxxxx Mining, LLC and the price for
the particular material will be negotiated between Meadow Valley and Xxxxxx
Mining, LLC before bid time. Xxxxxx Mining, LLC will then sell the material
to the other contractor at whatever xxxxx Xxxxxx Mining, LLC and the other
contractor work out.
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8. Xxxxxx Mining, LLC will provide a well that will discharge 300 gallons per
minute. When Meadow Valley uses the well, Meadow Valley will pay for the
power to run the well.
9. Meadow Valley agrees to do all crushing for Xxxxxx Mining, LLC and the fees
for that will be negotiated. In the event Meadow Valley can not perform on
crushing demands or negotiate the fees, Xxxxxx Mining, LLC, reserves the
option to hire another firm or bring in their own equipment to do crushing.
10. Meadow Valley will maintain all insurance necessary for their operation at
the pit and name Xxxxxx Mining, LLC as additional insured.
11. At the expiration of this contract, Meadow Valley has six (6) months to
remove equipment and clean site or complete any incomplete projects.
12. 988F loader to be supplied by BLT Companies at an agreed rate of $80.00 per
hour with an increase each year, after the first year, of 3% per year,
without operator and maintained by Meadow Valley unless both parties agree
otherwise. Any damage caused by Meadow Valley will be paid by Meadow
Valley.
13. Scales will be provided by Xxxxxx Mining, LLC at a charge to Meadow Valley
of twenty cents ($0.20) per ton. Scales will be operated by BLT Companies.
14. If Material is taken from BLM land Meadow Valley will pay a willage fee of
forty cents ($0.40) per ton to Xxxxxx Mining LLC plus the royalty prices
that BLM sets.
Xxxxxx Mining, LLC Meadow Valley
/s/ XXXXX XXX XXXXXX /s/ Xxxxxx X. Xxxxxxxx
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By: Xxxxx Xxx Xxxxxx dated By: Xxxxxx X. Xxxxxxxx dated 8/10/01
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Its: Manager Its: Area Manager
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