C150293 Feasibility Study - Laserfiche WebLink

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i iiiiii iiiii ~~i~~i~ ~~~~~ ~~~~ ~~~~ ~~~~~~~ ~~~ ~~~~~ ~~~~ ~~~~ 676390 04/26/~6 i1:~A 8864 P446 LSE~MT 3 of 32 R di.00 D 0.00 N 0.00 Lo~an Ceuntv CO 2.2 A sufficient number of Narth Sterling laadowners sl~all enter into Subscription Ag~reements with the 'Water Company so that no less than 22,000 acres of land. included within North Sterling shall be subject to such 5ubscription Agreements. ~.3 'i"~e Su~cription Agreements descn'bed above s~all be record~ wii~ t~e Logan County Clerk and County Recflrder. 2.4 North Sterling and the Water Company shall enter into a Management Agreement for the administrarion of tius Lease Agreement that is acceptable to PSCo. 2.5 A structiu+e sball be constructed at or below the headgate of the North Sterlin~ Reservair Inlet Ditch to allow for the measurement and delivery to the South Platte River of water divcrted at ar belaw the h~te of the Norf3~ Sterling Inlet Ditch for the use of PSCo under this I.ease Agreemen~ The headga.te of the North Sterling Reservoir Inlet Ditch is iocai~ed at a poiat wiience the corncr ~ommon to ~tians 2$, 29, 32, and 33, in '~ovvns~ip $ North, Range 55 West of the 6th P.M. bears north 4077 feet, in Morgan County, Colorado. Repa~ir~ to amdlor rep~ac,~m~t of this ~ a~s ~}u~recl vvi~ be the ~~'bility af t2~e ~at~` Company, which shall pay ~ny and all costs of such repairs or replacement, 2.6 If the foregoing conditions have not been fully satisfied by December 31, 2006, then either Party may, at its sole discretion, elect to terminate this Lease Agreemen~ Any such termina~ion shaII be in accordaflce wifih the natice provisions pravided herein. 3. ~'iie i~. 'Subj~t to fihe satisf~ction of t~e ~oregoing conditions, and p~uant to the terms and conditions ,conta,ined below, the Water Company will. annually make available fo~ lease and de~iv~ry to PSC,c~ 3,~ acr~-fe~t af ft~y c:o~Ie w~r fra~ t~ 1~Tar~t Ste~i~g Reservoir Water Rights. Such water will be used by substitution, replacement, or exchange for ~st~tisi pt~pos~s s# fi~e ~aw~ee S~ation ~ Noven~bez ~ 11~tarch c3f eech ~r t~f #t~e term of this Lease Agreemen~ 4. Delivenies. The Parties acknowledge and agree that, at various times, the water to be delivered to PSCo by the Water Company will be available at the headgate of the North Sterling Cana1 or o~er locations belaw the headgate of the North Sterlmg Canal, and that, at various times, PSCo's ability to exchange water fram water delivery locations at ar below the heacfgate of t~e Nort~ ~ter~iag ~af to the Paovnee 'G~ie[fs wif[ be ~imited. ~`he ~atties have agreed to the following terms and conditions for the deiivery of water to PSCo: 4.1 Delivery Amouuts. The Water Company shall make available for d~elivery to PSCo 3,000 acr~feet of f~lly consumable water annually in accordance wi~ the following schedule: January 600 July 0 Febnlaty 600 August 0 March 600 September Q