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11/19/2013 10:56 FAX 9703784823 Loloff Const Inc 00003/0008 <br /> WATER LEASE <br /> THIS WATER LEASE is by and between Loloff Construction, Inc. ("Loloff") and the <br /> Platte River Power Authority ("Platte River") sometimes collectively referred to as "the <br /> 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 right <br /> 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 ItTigation Company ("North Poudre") dated November 15, 1979 and <br /> amended on September 10,2009,which grants Platte River the right to convey waters through <br /> North Poudre's Fossil Creek Inlet and to temporarily store waters to which Platte River is <br /> entitled in North Poudre's Fossil Creek Reservoir;and <br /> WHEREAS, reusable water available to Platte River is used primarily for cooling water <br /> 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 authorized <br /> the"lease or rent, for a term up to one year,any unused water which Platte River may receive <br /> through the Reuse Agreement to entities within Colorado Water Court 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 water lease <br /> programs; <br /> (b) Second,to other entities within Colorado Water Court Division 1.";and <br /> WHEREAS, Loloff wishes to lease such water for delivery January 2014 to December <br /> 2014;and <br /> WHEREAS, the water department staffs of Estes Park, Fort Collins, Longmont, and <br /> Loveland have consented 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 />