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identify the sources of the District's Consumable Water delivered pursuant to this Lease. Lessee <br />shall be responsible for drafting any such plan, obtaining necessary approvals for any such plan, <br />administration and accounting for any such plan, and for all costs associated with such plan. <br />3. Rental. In consideration of the water to be delivered under this Lease, Lessee shall <br />pay District the following: <br />(a) a nonrefundable original application fee of S200.00, and <br />(b) a lease payment of $246.00 per acre foot (S 121.00 as a per acre foot water fee and <br />$ 165.00 per acre foot for annual storage, maintenance and administration fee); <br />for a total lease payment of $$63.52 due and payable upon execution of this Lease. <br />d. Terns. This Lease shall be effective for one calendar year commencing on <br />November 1, 2014 through October 31, 2015. The District shall not be responsible for delivering <br />water to replace any depletions irony Lessee's Replacement Plan, including any post -plan depletions <br />after the term of this Lease. <br />5. Water, The water to be delivered pursuant to this Lease will be raw, untreated water <br />from any one or a combination of sources available to the District. Once such water is delivered to <br />Lessee pursuant to this Lease, Lessee shall have the right to recapture, reuse, and dispose of such <br />water to its extinction. The District does not warrant and shall not be responsible for the quality of <br />the water or the adequacy of such quality for any specific purpose. <br />6. Location of Delivery of Water. The District will deliver the ]eased water to the <br />Arkansas River basin at a location or locations to be determined by the District. Although the <br />District shall consult with Lessee and make reasonable attempts to deliver the leased water at a <br />location or locations sufficient to meet the requirements of Lessee's Replacement Plan, the District <br />does not warrant that the leased water can or will be delivered at a location sufficient for Lessees <br />Replacement Plan. If the leased water is from stored sources, the District may deliver it to the <br />reservoir or at the outlet tci the reservoir. If the leased water is not from storage. the District may <br />deliver it at the location where such water flows into the stream. The District shall not be <br />responsible for any diversion, measuring, or storage of the leased water after delivery of the water by <br />the District. <br />7. Rate of Delivery of Water. The District shall deliver the leased water at times and <br />rates to be determined by the District. Upon execution of this Lease, Lessee shat] provide the <br />District with a proposed monthly delivery schedule for the term of the Lease. The proposed delivery <br />schedule shall include monthly totals in tenns of acre -feet per month and maximum and minimum <br />daily rates in terms of acre -feet per day. Although the District shall make reasonable attempts to <br />deliver the leased water at tir ies and rates specified in the proposed schedule, the District does not <br />warrant del ivery of the leased water at times and rates sufficient for Lessee's Replacement flan. <br />Page 2 of 4 <br />One Year Leaae 5,19:'1 0 <br />