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<br />. <br /> <br /> <br />DEC-23-02 10,09 PROM,BALCOMB. & GREEN PC <br /> <br />10=870845881212 <br /> <br />PAGE 13/48 <br /> <br />AnJ1uaIQuantity: <br /> <br />Up to 200,000 AF per year inclusive of any water created for mitigation purposes, with a <br />maximum volume created in year 1 of 100,000 AF. <br /> <br />Metbod of Conservation: Fallowing <br /> <br />Hydrmo~cSbo~geSharing <br /> <br />Pro rata reductions in the transferred volume"with cessation of the transfer during periods <br />that water available to IIDis equal to or less than 2.6 million AF per year <br /> <br />Water Payment Schedule:. <br /> <br />Up front payment: $20 million at time ~f execYltibrt; <br /> <br />Plus annual payments, to be paid in full by JanuaIy 15 of each year, for each acre-foot <br />created at the followw.g price: <br /> <br />. $200/AF ('03$), subject to inflation ,a~justment based on GDP Implicit Price <br />Deflator for water made available for ,transfer and any necessary mitigation; or <br /> <br />. Payment during suspension of transfer for reasons related to surplus availability . <br />or conveyance access: SSO/AF ('03$), subject to.IDP3:tioI! adjustment based on <br />GDP loiplicitPrice Deflator.' - .. <br /> <br />. Payee: IID <br /> <br />Socio-Economic Payments for Land Fallowing: ~cluded in payments for water. llD will <br />determine 'the impacts, and form a Local Entity with: County ofIrnperlal to administer payments <br />received from no and identify how and when to spend such amounl <br /> <br />Environmental: Buyer pays for environmental mitigation costs as incurred, including the <br />purchase of any required mitigation water and pennitting, documentation and review process <br />costs. The price for any mitigation water supplied by lID for environmental mitigation is the <br />same per acre-foot as set forth above. IID will be the Lead Agency under CEQA and a pennittee <br />under ESA and CESA permits. The scope of cClv~ge under state and federal permiTS must be <br />acceptable to IID. <br /> <br />Junior Right Holders: Buyer to obtain consent or, approval to transfer around junior right <br />holders. <br /> <br />. DeliVtry Point: Imperial Dam on Colorado River.: Buyer responsible for costs and consents <br />necessilry for delivery of water to place ofultima.te ~se. <br /> <br />Other: <br />1. 1988 IID/MWD Agreement and 1989 Approval Agreement remain in effect and umnodified. <br /> <br />569829.01iS!> <br />~,n.n """..../,,, 11...t'l')/..nrJ.tI... <br /> <br />.3- <br /> <br />. <br />