12 ‎(4)‎

• Board Meeting Date: 7/22/2008
• Description: WSP Section - Animas-La Plata Project - Further Discussion on Operating Entity Agreements and State Participation and Discussion on State Purchase of its Allocations in Ridges Basin Reservoir
• Board Meetings - Doc Type: Memo

~ -~
. ~ 1~~ 1~. ~l~l ~~~ shall 1~~ar~ l~ini~~ un ~~~ ~~~prc~~l tl~
yin c~~li f 1~ f}t Pr~i r~ 1~{~11 tl ~~ ~1 1~~ X11 +~~t ~
~rrl~~~ri r~r~n.~~~ c~fall P~rti~ It ~~ ~ttlnu i. full fir and fft ur~~il ~rt~1~
t~it~at l tl~ ~~.rti, t~ir L1~'~` ~r r~~[rl~ ~~ t~~i nt, ~r ~rltil r1~~i~~ h
u~t f~a~~~. I~'t~.at~l, tl~ ~ar~i ~a~l ~~~tir~u tl~ir- ~ti~ r~~~~~hlrtls arrl ~~rtt~
~z~~r this rrnr~t S~r~~il ~1~ ti~u Ilar~in ail ~ x.11 a lAt~ ~~"
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.. ~fa~~1t. I~ tl~ rat that .~~ h~ Irrlr~ t~-~r full in
pig ur~~ glue ~`r L~~ t~vl ~t r~ ~~L'C]~lr]t f t~ ir~t~~t in the L, ~r i~ rnt~~ its
h~ ~i~~a ur~~i~r t~~i rrr~nt ~ ~~1~ fain c~nt~r~~~ ~~~ ri+~ +~~~lEn i~~~
1 ~a tl~ a~~~~ ttt ~Irll Sri ~+~ti ~~'~h ~if~~~lt ~1~ .~ltit~
l~rlr~~~ ~' ~a~f~r r~ the #`a~~lti~~ hr car tr~.rrfr }gall l~v ri ~~ i~
~{) ~~ f~~ t~ at f~ 1~~ rlc~tl lr~ ~l~l~h -~~ ~h ~lfault. If tl~ ~~`a~~l i ~t ur~l
~i~Irn tl~ it- ~ ~e~~~~ly thin the In.~~n~ ~t7~tt, atir~ t f~Ll~ i~ tip
~. ~~~, rich ~a~~i ~ the ~fa~u~tir~~ r ~ ra~f~~ ~cl thraf~r ria~
I.~~" atr ~hri ~l~~+Tra~ t thf ~r~~l~r ~ ~:r~~rlsfr ~~n~i~ h ~lf~~~lt i rc~l~ t
t~~ at~`~i~r~ ~' ~~ r~~j~~it ~`t ~-rlti~~ I'r~~r ~~xat ~t~~l t~ v~~i~.l~l~~cl air.
fa~~lt 1r~a l~ rr~~l ~ h ~a~~nt ~f a~1 a~~c~~rl~t ~~t ~~ r~ ~~t-cat=lit ~n
i~ufr l~ l'i c~atir~ - . r~~t ~t~ aul~, ~r~hrrr~r~ ~1~ ~~' l~r tl~ ~~r in ~iIi
the ~t i ~~ hIl l~ l~rtl t t:}~ uric ~nhr ~r tr~rrfr~ ~f ~ri~l~l~~l~l~~~
~f L~ V~'~~.tr ~l t f~t~ 1~~1~ shall l~ tl~ ~rrl rrn ~i~ l tl~ 1r~rher ~r the
iti~ aant r~~1r ~r tral~r~; ire .lfa~~l~~ cat f r i ~~~iil ~l~:l~~~at~r ~~r~c~r
ir~~uncti rl«l~~a ~t ~~ rn ~~tru~ ~.~7 are ~, a.n~. ii ~~elif f~arrr tl~ ~rtr f t~~
I~tr~~r. ~fh 1"~nar~nt mitt gar lie, its ~llrtl~~, f~ ~~ r~r thin ors ~,
~~rr ate' i~~l~l~l ley ~irt~r of tl~ unr ~1~`a~~l~ ~ lI~h~r~ an'r n~~-I'~vl~h~~.
lt~ir~~ ~fft .rr~ z~~~~it . Thy t a~ ~l~liati~ ~~~i ~~ this
,r~~r~t ~~~ ~ i~~it~ gin, a~~i shall r~ur t~ tl~. hnfit cif, tl~ ~'~~.~ r~cl tl~ir
~~r ar~~l ~~~n are ~~~ 'r~n~ and ~1~ 1~rr~cr~ ~~~~`~~ fi~~r~ ~r~ ~l~c ALP.
~4. 1 Tl~i~ l~rt~r iiir~. Z ~~1 rt ~ ~t~ t ~rll~ t r~,t
~~~ rc~~ihiliti f the P~~rti ~~, Tai ~~~~nt i r~~~ i~~n ~.n ball r~~t
m t +~r~ fir and ri~~t ~ any ~~a~r~ ~r ntit t r~~u~l a hcr~~, p~ t
frt~i its ~~ti~~ 8.
~~hilit ~ I~Fli~iat~r~ ~~ are ~ rr~1i~~ ~f ~l~t ~~r~t~t, iiuin
the ra.~~c~~~ l~ri~l, ~r ~~. n rra}~, tire, r~tr~~, cla~r~ l~~ Sri v~r~l herein,
tl~ alia~rirr thcre~f in ~~ ir~~~ta~ hrl nit. ~°ft t~ ~i1 f tl~ rr~~~~ir~r ~`
~l~i rr~~~nt +er the ~ra~i~~ ~~in1l~
.~.lr~~n. 7'l~ xr~~~~ ~ ar~~r~c~ r raid ~~1 l~
an.~lrner~t ~n ~~rr~1~ i~ ~ ail 11r~b~r, t Ir ~~ p~~-ati~r~ r~nl~ ~i~:l~ i~
Pa~fl