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C153629 Contract
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C153629 Contract
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Last modified
8/10/2011 10:25:19 AM
Creation date
10/6/2006 12:15:42 AM
Metadata
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Loan Projects
Contract/PO #
C153629
Contractor Name
Colorado River Water Conservation District, The
Contract Type
Loan
Water District
50
County
Grand
Bill Number
SB 87-15
Loan Projects - Doc Type
Contract Documents
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<br />d. To the extent that Denver is able to increase <br />diversions from the Colorado River System by reason of exchanges <br />contemplated hereby and the return flow from the municipal system is <br />thereby increased, Denver shall utilize return tlows in accordance <br />with paragraphs 4 (e) and 4 (f) of the Stipulation in Civil Actions <br />numbered 2782, 5016 and 5017 ~n the United States District Court for <br />the District of Colorado, dated October 5, 1955 and incorporated in <br />the Final Judgment and Decree of that Court filed October 12, 1955. <br />5. RESERVED USE BY RIvER OISTRIC"1': The River District <br />reserves froa this Lease the right to use up to a ~a%imum of 3.000 <br />acre-feet per year, if such reservation does not interfere with tbe <br />delivery of the Firm Annual Yiela leased to Denver for exchange. If <br />the River District does not use all or part of such water in any <br />calendar year the right to the u~used portion thereof shall not <br />car=7 fo~~ard to the next year. If the River District elects not to <br />use Soid 3.000--~cte~C=et-,u--cr='s1iyO:part thereof, and offers it for <br />lease in any given year or series of years for use outside the <br />Western Slope, the Board will ha~e the fir:t right of refusal <br />thereof at a price of $250 per acre-foot. If Denv9r desires to <br />exercise its first right of refusal, it shall give written notice <br />thereof within 30 days after notification by the River District to <br />Denver. <br /> <br />6. TERM OF LEASE: The term of the Lease shall commence at <br />date of execution hereof and shall expire on December 31 of the 25th <br />year after the project has been deemed Operational. At the end of <br />the term, Denver may renew the Lease for any portion of the Firm <br />
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