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BIJOU IRRIGATION COMPANY <br />COLORADO BIG THOMPSON (CBT) LE, ASE <br />This CBT Lease, dated this 5�A day of 20 I t -is between the <br />Bijou Irrigation Company ( "Lessor•") and Central Colorado Wate Cpti`servaticy District <br />(Central), Greeley, Colorado ( "Lessee "). <br />WHEREAS, Lessor owns 980 Units in the Colorado Big Thompson Project ( "CBT <br />Units ") as such Units are defined in the allotment contract between the Northern Colorado Water <br />Conservancy District ("NCWCD ") and the Bijou Irrigation Company; and <br />WHEREAS, Lessor wishes to lease the water yielded by the annual quota in acre feet for <br />said CBT Units to Lessee for the November 1, 2011 water year; and <br />WHEREAS, Lessee wishes to lease said CBT Units for the purposes and subject to the <br />terms and conditions described below. <br />LEASE. AGREEMENT <br />NOW, THEREFORE, in consideration of the payment of the money provided below and <br />Lessee's promise to perform all of the terms and conditions described below, Lessor leases the <br />water yielded by said CHT Units for the November 1, 2011 water year to Lessee tinder the <br />following terns and conditions: <br />1. Ter M. The term of the lease shall be for the water year commencing November 1, <br />2011 and ending October 31, 2012, unless sooner terminated under the terms and conditions set <br />forth below. All terms of this lease are contingent of Lessee's ability to obtain approval of a <br />Substitute Water Supply Plan (SWSP) from the State Engineer's Office, SWSP will include but <br />is not limited to the use of said CBT units. <br />2. Lease Payment. Upon execution of this CBT Lease, Lessee shall pay to Lessor a <br />cash amount of $31,360.00. <br />3. Use of Leased Units. The water yielded by the 980 Units leased will be used as <br />augmentation water in one or more Substitute Water Supply Plans (SWSPs) operated by Lessee, <br />the Groundwater Management Subdistrict of the Central Colorado Water Conservancy District <br />(GMS) and/or the Well Augmentation Subdistrict of the Colorado Water Conservancy District <br />(WAS) in conjunction with its decreed augmentation plans, which SWSPs shall be approved by <br />the office of the Colorado State Engineer before said water will be so used. <br />4. Prohibited Uses. This Lease does not include any rights to carryover storago or <br />any other rights attendant to the CBT Units that Lessor owns as part of its allotment contract <br />with NCWCD, <br />5. NCWCD Documentation. Lessee agrees to take all of the steps needed to obtain <br />approval of its use of this water by NCWCD. Lessor agrees to execute all necessary <br />