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• <br /> Appendix A <br /> L-EAS-F AGREE-MfENNT <br /> (Longer ii-han one year) <br /> THIS AGREFMENT is entered into this.I st day of Aug-ust,2017 by and between VALCO <br /> INC. (herein-after referred-to as "'Lessee"),whose address is 9296 Windhaven.Drive, Parker,, CO <br /> 80134, and the Upper Arkansas Water Conservancy District (ID No. 1975) through its water <br /> activity enterprise,known as Upper Arkansas Water Activity Enterprise(hereinafter referred to as <br /> "District"l. whose address is-P:O.Box 1.090,,Saf ida,-Colorado,8 120 1. <br /> RECITALS <br /> A. Llessz-;c needs a temporary suppiv of replacement water -to -meet out-of--.priority <br /> depletions. Lessee desires for this water to be made available in the Arkansas River basin from <br /> .16" District <br /> thA Districts water supplies in Twin Lzikes Reservoirl, Pueblo Reservoir or from oth, <br /> owiled or controlled sources in- order to Meet [Ile FeqLfirements of a court or administratively <br /> approved SUbstitate supply plan, repiacement plan, or similar plan for the replacement of out-or- <br /> priority dej)lletlons("Lessee's Reptacement Nan-). <br /> The location.of the lessee's operations is("Place of Need"): Valco Rockv Ford Pit located in the <br /> N 1/2, Section 2)2 and the NE 1 ection 2 1,Township 2_3) South, Range 56 West of the 6th P.M. <br /> B. Tlie District owns. ieases-or controls falls consurnable water suppilies from vadotis <br /> sources, inciuding but not limited to water attributable to shares of stock in Twin Lakes Reservoir <br /> and Canal Company (collecilvely-District Consumable Water <br /> C. Lessee deslres to lease a.portion of such Neat fro-ni the District for usie.in Lessees. <br /> Replacement Plan, and the District is willing to lease such water to Lessee under the terms and <br /> conditions her eof. <br /> 0 W 1ffl F R 1,. _*FORY-_', in consideration of th mu e tuat promises contained herein and other <br /> N <br /> good and valuable consideration,the receipt and KlfflCienCy of which is hereby acknowledued,the <br /> Parties acyree as follows: <br /> I Lease of Water. Lessee shaN lease from-District, and District shall, lease to Lessee <br /> District Consumable Water for a period of 55 years,the minimum and the maximum <br /> amounts for each year as listed Lin the following chart: <br /> Period Min Max <br /> August 2017-July 2018 75 82 <br /> August 2018-July 2019 42 80 <br /> August 2019-July 2020 15 79 <br /> August 2020-July 2021 6 79 <br /> August 2D21-July 2022 3 79 <br /> Lon ar--term 1,ease 6/1 r 16 <br />