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Copy <br />1 Original to Records <br />1 Original to RM Hiner <br />WATER LEASE cc: Banks; Emslie <br />2/25/2014 <br />THIS WATER LEASE is by and between R.M. Hiner Construction Co., Inc. ( "RM. <br />Hiner") and the Platte River Power Authority ( "Platte River") sometimes collectively referred <br />to as "the Parties ". <br />WITNESSETH <br />WHEREAS, Platte River is a party to an "Agreement for the Reuse of Water for Energy <br />Generation", ( "Reuse Agreement") among the City of Fort Collins ( "the City"), Water Supply <br />and Storage Company, and Platte River dated August 10,1978; and <br />WHEREAS, the Reuse Agreement; among other things, conveys to Platte River the <br />right to receive reusable water delivered by the City; and <br />WHEREAS, Platte River is a party to an Agreement ( "North Poudre Agreement") with <br />the North Poudre Irrigation Company ( "North Poudre") dated November 15, 1979 and <br />amended on September 10, 2009, which grants Platte River the right to convey wafters <br />through North Poudre's Fossil Creek Inlet and to temporarily store waters to which Platte <br />River is entitled in North Poudre's Fossil Creek Reservoir, and <br />WHEREAS, reusable water available to Platte River is used primarily for cooling <br />water for the Rawhide Energy Station, but Platte River may have, from time to time, surplus <br />reusable water temporarily available in Fossil Creek Reservoir; and <br />WHEREAS, the Platte River Board of Directors, in Resolution No. 13-12„ has <br />authorized the "lease or rent, for a berm up to one year, any unused water which Platte River <br />may receive through the Reuse Agreement to entities within the Colorado Water Court <br />Division 1: <br />(a) First, with equal priority, to the municipalities of Estes Park, Fort Collins, <br />Longmont and Loveland for their use or use in their wafter lease <br />programs; <br />(b) Second, to other entities within Colorado Water Court Division 1."; and <br />WHEREAS, R.M. Hiner wishes to lease such water for delivery November 2014 to <br />March 2015; and <br />WHEREAS, the water department staffs of Estes Park, Fort Collins, Longmont; and <br />Loveland have declined to lease this water pursuant to Resolution No. 13-12. <br />NOW THEREFORE, in consideration of the mutual promises and covenants of the <br />Parties hereto, it is agreed as follows: <br />