Laserfiche WebLink
DocuSign Enivelople I C35D63D,2-4FE5-4371-83F3-2360618DEED,B <br /> FIRST AMENI)MENTTO WATER LEASE <br /> THIS FIRST AMENDMENTTO WATER LEASE is entered into this 14th day of <br /> Janual-Y 2020, between the City of Westminster ("Westminster"), lessor,and Aggregate <br /> Industries-WCR, Inc., a Colorado corporation("Al"),, lessee,(collectively,the"Parties"). <br /> WHEREAS, Westminster and Al are parties to an Agreement dated October 24, 2000, <br /> (the"Storage Agreement"), as amended on February 10, 20101,whereby Al is mining gravel <br /> deposits from certain lands located near Wattenberg,Colorado and, upon completion ofmining, <br /> is constructing a water storage reservoir for Westminster on said lands; <br /> WHEREAS, in connection with the Storage Agreement, the Parties entered into a Water <br /> Lease agreement dated March 4, 2010, concerning Westrn inster's 1.038 shares in the Brighton <br /> Ditch, (the"BDC Shares"), identified as Stock Certificate Numbers 228 and 229 (the ",Water <br /> Lease"); <br /> WHEREAS, pursuant to the terms ofthe Water Lease, Westminster leased its BBC. <br /> Shares,to A I; <br /> WHEREAS, during the term of the current Water Lease, Westminster's BBC Shares <br /> were the subject of a change of water right decree issued on July 2, 2018 in Case No. <br /> 16CW3186; <br /> WHEREAS,the current Water Lease will expire under its own terms no later than <br /> March 4, 2020; and, <br /> WHEREAS,the Parties desires to extend the term of the Water Lease and amend it <br /> consistent with this First Amendment to Water Lease ("'First Aniendment"). <br /> NOW THEREFORE,the Parties agree as follows: <br /> I. Paragraph 2 of the Water Lease is amended by deleting the entire paragraph and <br /> replacing,it with the following: <br /> 2 Al agrees to put the water derived from the BDC 97ares to <br /> "beneficial use" as that term is defined under Colorado Water Low, and will take <br /> no action that would constitute an abandonment of the BBC Shares or otherwise <br /> jeopardize the historical consumptive use associated with the BDC Shares, Al <br /> further agrees that its use of tine 11DC,5hares shall be in compliance with the terms <br /> and conditions t?j'lhe change Ql'use decree issued in Case No. JKV3186 During <br /> the term ()J' this lease, AI shall be responsible fi)r satisfying all return flo-tv <br /> obligations and maintaining required accounting injbrmation associated with its <br /> use qflhe BDCahares in accordance with the terms qfsaid decree. To this endAI <br /> willpromptlyprovide Westminster with monthly,accounting inforinalionfor its use <br /> of the BDC .5hares so Westminster can timely incorporate the information into <br /> Westminster's accountingsubmillals to the .51ale and Division Engineer. Al shall <br /> I <br />