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if <br />11111111 11111111111111111111111111111111111111111111111111 Page:IoM <br />Cle.1k, CO <br />WATER�SVPPL'Y AGREEMENT <br />This <br />� WATER SUPPLY AGREEMENT ( "Agreement ") is made and entered Into this <br />J day of�, 2011, by and between the City of Longmont, a municipal <br />corporation organized under the laws of the State of Colorado and acting by and through its <br />Water Utllity Enterprise ( "Longmont ") whose address is 1100 South Sherman Street, Longmont, <br />Colorado, 80501, and the Groundwater Mauagemeut Subdistrict of the Central Colorado <br />Water Conservancy District and the Well Augmentation Subdistrict of the Central <br />Colorado Water Conservancy District, whose address is 3209 West 2811 Street, Oreeley, CO <br />80634, which are each quasi - municipal entities and political subdivisions of the State of <br />Colorado (collectively "Central "). Longmont and Central may sometimes be referred to herein <br />individually as a "Party' or collectively as "Parties." <br />RECITALS <br />A. Longmont, a home rule municipality, duly organized and existing as a home -rule <br />city under Article XX of the State of Colorado Constitution, acting on behalf of its water utility <br />enterprise, is authorized, pursuant to Sections 1.2, 13 and 11.1 of Longmont's Home Rule <br />Charter and Section 31 -15 -101, et seq., C.R.S., as amended, to acquire, hold, lease and dispose <br />of real and personal property, including water and water rights. <br />B. Longmont owns water, water rights, or water credits in the St. Vrabz Creek basin <br />that are fully consumable. Longmont is also a participant in the Windy Cap water diversion <br />project, which diverts water ftm the Colorado River for use in the South Platte River B asin. <br />C. Longmont and Central desire to enter into this Agreement to provide for fully - <br />consumable water to be supplied by Longmont to Central for use in Central's flans for <br />Augmentation decreed in Case Nos. 02CW335 and 03CW99, and /or its temporary substitute <br />water supply plan(s), or any future amendments or additions to such Plans. <br />D, Longmont desires to enhance stream flow in the St. Wain Creek Corridor. To <br />AWher that goal, Longmont desires to deliver water through the St. Vrain Creek Corridor to <br />Central. <br />AGREEMENT <br />Now, therefore, in consideration of the foregoing recitals, and mutual covenants and <br />agreements herein, and for other good and valuable consideration, the receipt and sufficiency of <br />which is hereby acknowledged, the Parties agree as follows: <br />1. Water Su & D— cscation. <br />1.1. Fully Cons mable Water. <br />1.1.1. Longmont hereby agrees to provide to Central, and Central agrees <br />to pay for, a minimum of one hundred (100) acre -feet of fully <br />Page 1 of 12 <br />(,6" <br />