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Oct 22 CA i I :4�ji cool so,-, f
<br />LEASE OF FULLY CONSUMABLE WATER
<br />,r,17
<br />i,E-ASE is R,_,cle an-; entered into ti is cia", of Q_—,
<br />"Y �f Love la,-Id, Colorado, a CCJI7/,C_ ratio
<br />V.11.cse address iLz; 500 East Third
<br />i. Ci CC) I
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<br />ra-IC t, a T'.
<br />13 1: F L e s ice ',"r, a6 ci
<br />r r a IL
<br />3, L c c, r a d 0
<br />ER F A S t h
<br />E- r 1 aw .:, c, F L h e
<br />e CY .-,wns curtain
<br />state cf ccicrad10,
<br />LD ext,:.nct1c,-,
<br />,d a t ey
<br />UJhic!., pursuant to t-ne
<br />1;sL'd, ra-used and
<br />Consumahle Wat-erri)
<br />to �1eaSe F-0,
<br />,r,
<br />:-jje City Zj__e rigilt
<br />C) h �_ C J_ t F -111 V., a t. e r
<br />WHR R EP. S , the ,/ 1 S "'1i I , , I
<br />i -tom Fa I I y - * 1 C � LI':Cg to _ease. to 1'essee Z-. portion of
<br />C3r-St,1,a0 Water p,_irs-uan� to certain terms and
<br />:as :pct forth in ril-Is
<br />"3'4, TRPREF.0F_7,
<br />in Ccns�cleranon Cf -.1 Promises and
<br />co'Venan'_s sere n C o-
<br />her good a-id Valuabl.e
<br />cc :side ratinn, the rece'P� of w-ich as hereby acknowledged, the
<br />Pari�les agree as fc-',CWs..
<br />The City hereby leases tc the Lessee the right to
<br />One "lur"red acre feet Of tile City's F"d!IY Consumable
<br />ri
<br />P,f&t-Er, ds defined ln Paragraph 4 o-f ti7is Lease, on an anni.;al
<br />oasis. This Lease S.-Iall be F'
<br />-cr a tc-rll of tc..,enty-five (25) years,
<br />e:! T-. ----I cn December -,7, 2022. rIOwEvEr, !,eSsee shall
<br />DIJL -'On t3 Ui�-TICW Lhic e
<br />sZiVe tCrMS Of t: ;e:-, 1, y - E
<br />ti s ',;I'icIh oPti�;n shall terrr.inate only j "Iez. is In def;It
<br />_ee
<br />Payrent Ch I igat ions urder parac:r_=pj.S or I Of this Lease
<br />0-I T -SEee- to eXel vise or its OPtion to renew by giving
<br />c C_ to to paragral--.11 72 of this Lease nct
<br />LIEL'" LI—ec' (3) I:r_,�,,r to LI-e el-.d of any twenty-;five
<br />even- Lessrc 1:�_- not iT,. 6efault: 0' its
<br />cibi --'gar Ions and e- t. -
<br />'_cts tO rel-:Ew the Lease for anv
<br />v0 tw&TItY--f!ve -.,rear period, Lessee shall net
<br />he required
<br />t:0 Pay' a,--.Y �-_Jditional amounts under this Lease for the riQht tc
<br />its =:n::iun!: cf !-17.e City,
<br />fcrLh
<br />as S,27 s Fully Cc;nsumable Water
<br />2 The cne- acre feet Of --1-12y CcnsumaL-le Water
<br />r)E- receive arimially is
<br />Wate_r,ll The parties
<br />
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