Laserfiche WebLink
of this Agreement shall be due contemporaneously with the execution of this Agreement, and <br />payment for all subsequent years shall be due no later than November V for water deliverable <br />the following year. Except for suspended delivery obligations as described in paragraph 1.2.1 <br />above, such annual payments shall be nonrefundable and not contingent upon whether the <br />Windy dap Water is actually diverted or used by Central, so long as Longmont either delivers <br />or was ready to deliver the Windy dap Water. Beginning in the sixth year of the tern of this <br />Agreement, and for the remainder of the term of this Agreement, the Initial Rate shall be subject <br />to increases (the "Adjusted Windy Gap Rate ") based on the average of the immediately <br />preceding five years of actual Windy Cap delivery costs as charged to Longmont by the <br />Municipal Subdistrict of the Northern Colorado Water Conservancy District. <br />5. Term. The, term of this Agreement shall be !torn the date first set forth above <br />through October 31, 2020, unless terminated earlier in accordance with the provisions of this <br />Agreement. If Central desires to renew this Agreement for an additional period not to exceed ten <br />(10) years, then it shall provide written notice of such intent to renew to Longmont on or before <br />July 31, 2020, together with any proposed change in the amount and schedule of delivery for the <br />Subject Water during the renewal torn. Upon receipt of such written notice of intent to renew, <br />the Executive Director of the Public Works and Water Natural Resources Department on behalf <br />of Longmont, in his sole discretion, may accept or reject such renewal. If Longmont accepts the <br />renewal, then all terms and conditions of this Agreement shall remain applicable, except as to <br />any modified delivery schedule for the Subject Water. <br />ti. Curtailmen . Central acknowledges that the availability of the Subject Water <br />provided for hereunder is dependent upon natural water resources that are variable in quantity of <br />supply from year to year, and which can be affected by causes beyond Longmont's control, <br />Accordingly, deliveries purslowit to this Agreement may be curtailed by Longmont during; 1) <br />times of drought, 2) force majeure events, or 3) if otherwise required by Longmont's Water <br />Supply and Drought Management Plan ( "Drought Plan !% as it may be amended from time to <br />time. Central acknowledges that this Agreement is subject to all provisions of the Drought Plan. <br />In the event of curtailment or reduction of deliveries caused by such events, Longmont shall <br />refund to Central the advanced payment received for any amount of the Subject Water that is not <br />delivered. Longmont shall use best efforts to inform Central of any event which it reasonably <br />foresees may cause an interruption in deliveries pursuant to time events 1 -3, above. Longmont <br />shall notify Central, in writing, of any curtailment of deliveries under this Agreement and shall <br />include in such notice the reasons for curtailment, the extent of the curtailment, and a reasonable <br />estimate of the length of such curtailment. <br />7. Untreated water. The water delivered to Central under this Agreement is <br />untreated or non - potable water of whatever quality that is now or in the future available from the <br />sources specified herein. Delivery of non - potable water under this Agreement will be on an "as <br />W' basis only, and Longmont does not warrant the quality of the Subject Water or the suitability <br />of the Subject Water for any particular purpose. Central shall not make any claim against <br />Longmont arising from the quality of water delivered, and Longmont shall have no treatment <br />responsibility for the Subject Water made available under this Agreement, <br />Page 5 of 12 <br />