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<br />EXHIBIT
<br />
<br />A
<br />
<br />AGREEMENT ESTABLISHING THE
<br />
<br />UPPER EAGLE REGIONAL WATER AUTHORITY
<br />
<br />THIS AGREEMENT, establishing the Uppe:r Eagle Regional
<br />Water Authority is made and entered into this IR~ day of
<br />~fF-m\.()o r , 1984, by and among ARROWHEAD METROPOLITAN
<br />DIS RICT, AVON METROPOLITAN DISTRICT, BEAVER CREEK METRO-
<br />POLITAN DISTRICT, BERRY CREEK METROPOLITAN DISTRICT, EAGLE-
<br />VAIL METROPOLITAN DISTRICT and EDWARDS WAT'ER DISTRICT, all
<br />of which are quasi-municipal corporations of the State. of
<br />Colorado, all of which are located in the County of Eagle,
<br />Colorado, and any additional parties which may be made a
<br />party at a later date, all of which shall hereinafter be
<br />referred to as "Contracting Parties".
<br />
<br />WITNESSETH
<br />
<br />WHEREAS, each of the Contracting Parties is authorized
<br />and empowered to supply water for domestic and other public
<br />and private purposes by any available means, and to provide
<br />all necessary property,-diversion wor~s, reservoirs, treat-
<br />ment wor~s and facilities, equipment and appurtenances in-
<br />cident thereto; and
<br />
<br />WHEREAS, pursuant to the provisions of the Colorado
<br />Constitution, Article XIV, Sections 18.2(a) and (b), and
<br />C.R.S., Section 29-1-204.2, known as the "Water Authority
<br />Act" (hereinafter referred to as the "Act"), the Contracting
<br />Parties desire to establish a Water Authority as a separate
<br />governmental entity to make the best practicable use of
<br />their joint resources, to supply water to the Contracting
<br />Parties, their inhabitants, and others, and further devel-
<br />opment of water resources systems and facilites; and
<br />
<br />WHEREAS, the establishment of a Water Authority by the
<br />Contracting Parties in Eagle County, Colorado, will serve a
<br />public purpose and will promote the health, safety, pros-
<br />perity, security and general welfare of the inhabitants and
<br />taxpayers of the Contracting Parties, Eagle County, and the
<br />State of Colorado; and
<br />
<br />WHEREAS, pursuant to C.R.S., Section 32-1-1001(d), and
<br />the Act, Contracting Parties have the authority to enter
<br />into this Agreement,
<br />
<br />NOW, THEREFORE, in consideration of the mutual per-
<br />formance of the covenants, agreements and promises set forth
<br />hereinafter, the Contracting Parties agree as follows:
<br />
<br />1.
<br />
<br />Effective Date and Term.
<br />
<br />This Agreement shall become effective when it has
<br />been duly executed on behalf of all of the Contracting
<br />Parties. The term of this Agreement shall be ten (10) years
<br />from said effective date, and this Aoreement shall be renewed
<br />for additional ten (10). year terms, unless terminated by a
<br />. written notice duly executed by each of the Contracting
<br />'. Parties, one hundred and eighty (180) days prior to the
<br />~anniversarY of the effective date; provided, however, that
<br />this Agreement may not in any event be terminated or re-
<br />scinded, so long as the Authority has bonds, notes or other
<br />obligations outstanding, unless provision for full payment
<br />9f such obligations, by escrow or otherwise, has been made
<br />P'''.~t to the terms of such obligation.
<br />
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