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WATER LEASE AGREEMENT
<br /> Thi's V%Iater Lease Ag,eernent
<br /> 6W is made and entered irlto this 5" day of Aori(
<br /> 2020, by arid o7etvveen Lessor StonewaN VVater, LLC, 3707 Parkn--ioor Vilage Dr,
<br /> Co�c,�ado Springs, CC 80917 (hereinafter "Stonewal,") and Lessee Arkansas
<br /> Grotjodwater Users Association, arid/or assigns, P.0, Box 11446 Poeblo. CO 81001
<br /> ji& I r "AGUA").
<br /> WITNESSETH:
<br /> NHEREAS. th s AgTeement pertains to a lease of certa"n of the 3,33' total
<br /> inafter the "F��xcelsicr Shares").
<br /> Oares in the Excelsior I,rrlgatilng Company (here WHERE-4S, A.GUA owns 1,792 of the Excelsio,r Shares or a 53,765 percent
<br /> ,interest the "AGUA Shares") and Stonewall owns 1-541 of the Excelsior Shares or, a
<br /> 46.235 Perc--en't mterestflhe "Stoneviall "Shares").
<br /> VVIAEREAS- AGUA is a water users association ir4i the Arkansas Rk�er basin
<br /> !de, augn-%Jentation water for its
<br /> s organizational pl Jrpose is to obtain a n d p rov,
<br /> Members to albw then n tO PUMP grOUnd water consdered tributary to the Arkansas
<br /> Rive.r
<br /> .
<br /> �
<br /> WHERFAS. A""UA's member well ls operate under ail annually approved
<br /> replacer,rient Oar! appraved by the State Engineenr.
<br /> Al I V Va--tet- Division 2
<br /> WV HEREAS- Case Urn 04CW62 I I, D'str'ct Court,
<br /> �her elnafter " e Case"',, the parties heretD. o-r the'lr predecessors in Merest
<br /> adiLidicated a ch,-:1r7ge in Lli;.,,.e of all the wate'r 3ssc)clated with the Excelsior Shares to
<br /> i in c I u de a Lj g rn e n t a,t,[,3 Tj L.jses, The purpose of the Change Case oyas to allow AGUA to
<br /> use the Excelsior Ditch �Alater as an augmentation supply in. its repla-cerneTlt plans.
<br /> n with the Division 2 VVater Court
<br /> the parties cintly filed an appi'cat'o,
<br /> %VVHEREAS, OIIS ts of the changed Excelsior
<br /> for sto,�age of the Nstoricall CUrnpfiVe Use comporen
<br /> Ditch \/Vater for purposes whict 41CILIde aUgTnentafion, in Case No, 16CW3093. and a
<br /> decree waS entered "in 16CV%J30,93 on janivai-y 21, 2020, While AGUA was a co-
<br /> Appilcant Case No, �6CVV3093, AQUA has not to date acquired any interest in the
<br /> AGUA
<br /> S,tonl1m all Springs Reservoir Complex, as described n that ap i
<br /> Pfica tion, thoughW i
<br /> and Stonewall continue to negotiate for SETA-1 St0fage interests-
<br /> V.JHEREAS, Stonewaill also applied for a. plan for augmentation in pending Case
<br /> NrD, Vvrav r Division No. 2, utilizir)q the Sto nevi all Shares as a source I of
<br /> i I I
<br /> augmentation ,-;uDply- including through i--nembersh'p in AGUA and as a result Uf Ulu
<br /> lease des,crioed' nersein, and sucii Cast-5 No, 16CW3094 was liKewise decreed on
<br /> Jan-uavy 21 2020),
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