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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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Template:
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 />under paragraph 7 hereof. The adjusted rental as determined in <br />January of the 9th year shall determine the rental payable in <br />January of the 9th year and each January thereafter until the 17th <br />year. The adjusted rental determined in the 17th year of the Lease <br />shall determine the rental to be paid in the 17th year and in <br />January of each year thereafter until the end of the term of the <br />Lease. The application of the provisions of this paraqraph 8 is <br />exemplified by Exhibit A, attached to and incorporated in this Lease <br />Agreement. If for any reason the U. S. Department of Labor shall <br />cease publication of the Inde%, then the parties hereto shall agree <br />upon an inde% comparable thereto upon which to base any rental <br />increase. <br /> <br />9. SUBSTITUTION OF RE~ERVOIRS: At any time during the <br />term hereof when the-River Disttict shall have possession and <br />control of ~ater in storage at an alternative site other than water <br />in the Reservoir'w!lich- coul,i"be- used -by D'envertoacComP11:;hqtlle~ ,,~ <br />exchanges contemplated by this Agreement, the liver District may <br />give notice to Denver of its desire to use such alternate source. <br />Upo'n receipt of such notice, Denver may make use of the alternate <br />source to accomplish the e%chanqes contemplated hereby to the e%tent <br />allowable under Colorado law and the River District shall then <br />become entitled to use a quantity of water in the Reservoir, in <br />addition to other uses provided herein, equal to the amount <br />available to be released from the alternate source. Any water in <br />the Reservoir for which Denver has accepted delivery from an <br />alternate source shall be the water of the River District and may be <br />carried over in storage from year to year in the Reservoir. <br />
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