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UMablQ <br /> treatment SySteM, WeStIninster owms andn fully conk <br /> wastewater off t at its BigDry' creek Wastewater TreatmentPlant <br /> ("Big Dry Creek") and at the Metrop0litan DsnVsr Wastewater <br /> Reclamation stri t Swage Disposal Plant Ir ' . ll x'i the South <br /> Platte i <br /> WHEREAS, the parties wish to effectuate a transfer Of <br /> mownership of the camas Water Rights andthe cause brands for to in <br /> iicash pad tints and the provision f 290 acre feet of consumnble <br /> water to camas in perpetuity, (the ,CanaLs Fxchangell) pursuant to <br /> the terms of this re n . <br /> t in the judgment of tue Westminster City pounall, the <br /> t l,a f this coupledAqraement i the implementation <br /> ent t ion f the <br /> Exchangewill resultin JnprovaTAent in the capacity, <br /> efficiency, or service of westminste ilitY sYstem. <br /> WHRIt,gAS, pursuant to Section 14.2 of the WastTaInster City <br /> charter, the city may otherwise dispose Qf property constituting <br /> part of the City,$ utility system; subject to certain findings y' <br /> the Cityco"nail <br /> wastminster enters this Agreement tO Gffect the <br /> disposition of a portion of the City,z utility systein and thoreby <br /> facilitate he implementation of the Canal Exo'hange .contemplated <br /> herein. <br /> ROW THEREFORE, for an<j in consideration f the premises, tbO <br /> inutual promises contained heroin;, and e t er good and valuable <br /> consideration, e receipt andr ffjC! y of, which is hereby <br /> acknowledged, the parties agree as follows* <br /> 1. A <br /> The parties willexchange the canal Water Rights and the Camas <br /> ,ands for 290 acre-feet annually of consumable waltler and a onetime <br /> payment ,500.00, all pursOantand sifbJect to the further <br /> 4- <br /> terzis of this Agreement. <br /> ' pan exacution of this exit, sae will create axe <br /> interest-bearing ow with ,Land TitleGuarantee Company pursuant <br /> to Escrow nstr ctinns in the forz attached heveto as Exhibit <br /> into which westminster shall deposit thQ suln Of , 0 (tbe <br /> ,,Escrow Funds") . The Escrow Instructions h provide that ,if,; <br /> within in t wen 0 days of receipt of tha Title . sn <br /> described in Paragrixph . , below, wegtzinster providescamas with <br /> written notice e f title defects to the Camas Water Rights or to tha <br />