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<br />FROM '~GO N~T. RES. SECTION ~O <br />. 24104/97 13:48 3836594 <br />.....:.-.. .-,-'\...,-:;--_..._-_......- . <br /> <br />303 866 4474 <br />JWB INC. <br /> <br />1997,04-07 <br />. <br /> <br />11'52 #783 P.06/08 <br />PAGE ~6 <br /> <br />~ <br /> <br />AQREIlMENT <br /> <br />THIS ACRBSMENT is <br />by and. between <br />whose address <br /> <br />'made this ....L6ib day of March . 19...ll.. <br />Artstrocrat Ranchette Water Prc;ect. Inc. <br />for the purposll ot this Agreement iB <br />u Q , hereinafter referred <br />to .. the "Buyer" and Intere - Fred J. winters Bstate, * , <br />whoae mAilinK address for the purpose of this Agreement is <br />12<lS 48th Ave., Greeley, CO 80634 . hereinafter referred to as <br />the .. Beller. " . <br />. \ Interellt - Di~.e A. Hoffner, % Interest - Jerry o. Winters <br />WIT N B SSE T H: <br /> <br /> <br />WHEREAS. Seller bas a contraot right to receive GO acre <br />feet of' the Northern Colorado Water OonRcl"vancy Distriot, a/k/a <br />Coiorado - Big Thompson (e-BTI. and <br /> <br />WHBREAS, Buyer desires to purehase from Seller and Seller <br />deBirc~ to Bell to Buyer 60 aore fee~ of the Northern ColoradO <br />Water Oon;ervanc;y District. hereinafter referred to as the <br />"~at.r". under the followin, terms and conditions: <br /> <br />NOW, THEREFORB, it is agreed as follows: <br /> <br />1. Purchase Price. Buyer airees to pay Seller <br />S 2,550.00 per acre foot, totaling $ 153.000.00 <br />followS: <br /> <br />for the Water, <br />payable ll.8 <br /> <br />Jacobucci <br />monel" and <br /> <br />due March 21, 1997 <br />a. . 15,000.00 . to be deposited and <br />Water Brokers. Inc.. in its escrow account as <br />part pa~ent for the water. <br /> <br />held by <br />earnest. <br /> <br />b. The remaining balanee of $ 138,000.00 in oash or <br />oertified funds to be deposited and held by Jacobuoci Water <br />Brokers, Inc" in its escrow aocount April 10 1997 I <br />untU 0108:l.n&. <br /> <br />o. Approval of the transfer of the Water IIhall take <br />place at t.he Nort.hern Colorado Water Conservancy District monthly <br />meeting, t.o be held April 11 . 19~, after whioh final title <br />and lien check.. will be made. The balance of' the purch....." price <br />held by Jsoobucci Water Brokera, Ino., in its esorow acoount shall <br />be disbursed at elosin&. approximstely April 25 . 19!I-. <br /> <br />2. Buyer and Seller "arrant that t.hey will use their 'best <br />efforts to obtain necessary si.natures and releases of lien holders <br />to complet.e the transfer of' the Water. If all liens are not <br />rele_lIecl Or signatures are not obtained, oIatisfaotory to Buyer, <br />then this Alreement shall be null and void and any r~ncls held as <br />earneat money Or other deposits shall be re~urned tu Lhe Buyer. <br /> <br />~l~ <br /> <br />p.:J ~k.> <br />~cr . <br />~.OU <br />..IJ 11. II <br /> <br />r.",. <br />