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<br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />-I <br /> <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 /> <br /> <br /> <br /> <br />~ <br />~ <br /> <br />