Laserfiche WebLink
Pi:closuse 1 <br />WATER US°_ AGREEMENT <br />This Agreement made and entered into this :7 day of <br />~,1„__, 1976 by and between FIRE MOUNTAIN CANAL A~tD AESER- <br />Vt~ll; COCIPANY, whose address SeZ{otchkiss~oToiado herein- <br />b `cci designated as First Party and WESTERV SLO?E CAR90N <br />,INC., whose address fs 1650 University Club Building, Salt <br />Lane City, Utah 84111 hereinafter designated as Seeond <br />Party IS TO WITNESS: <br />AND WHEREAS, the First Party is a mutual irriga~ion com- <br />pany owning snd operating the Fire Mountain Canal and Reser- <br />voir Systems serving the Nork Fork valley in Dells County, <br />Colorado and including the ownership and use of water decreed <br />to the East Beckwith No. 1 Reservoir also known as the Lost <br />Lake Slough Reservoir in Gunnison County Colorado and <br />WHEREAS, the Seeond Party is engaged in the operation, <br />development and processing of Coal in the Nork Fork area of <br />Delta and Gunnison Counties in Colorado, which operations re- <br />quire water for agricultural, domestic and industrial manu- <br />facturing purposes of approximately 45D to 500 acre feet per <br />year and <br />WHEREAS, the parties have agreed that the Pirst Party's <br />interest of water stored in the East Beckwith Reservoir No. 1 <br />w111 furnish a fair portion of the water required by Second <br />Party in its operation. <br />• NO'r! THEREFORE, ir. eons iderstion of the payment of the <br />rental and the kcepi ng and performance of the covenants and <br />a~Itccmer.te by said Seeond Party hereinafter set forth said <br />l•'i rst Party horeby agrees to make available and to deliver <br />to ::aid Second Party the following described water rights and <br />water fneilities to wit: <br />All of First Party's 75\ interest in and io THE EAST <br />BEC i(WTTH N0. 1 RESERVOIR, situate in Gunnison County, <br />Colorado, in Water Division No. 4, of the State of <br />Colorado, having prioiity No. H-71 purcuant to Decree <br />of District Court of Delca County, Colorado, dated <br />N.ay 28, 1937, with a date appropriation of September 1, <br />1934, which Decree awards 568.8 acre feet of water <br />absolutely to said reservoir and 277.2 acre feet of <br />water conditionally to said reservoir. <br />1b NAVE AND TO BOLD the same together with any and all <br />ditches, ditch rights and other appurtena ncea unto the said <br />Second Party from the 1% day of ~Jul~~~~, 1976, until <br />the .^ day of JuTi 2026, nt end for the total ren- <br />tal oT~~000.00 fo: to ull term above specified. <br />Upon execution of this Agreement, the Second Party hereby aq- <br />ro.:: t0 and does deposit in the escrow account with the Neill <br />Agency o! Notchkiss, Colorado, the sum of 510,000.00 subject <br />to the following conditions: <br />A. Nithin ten days following the execution of this <br />Agreement the Second Party shall initiate in the <br />Meter Court for water Division No. 4 of the State <br />of Colorado a proper application in the names of <br />both parties for a change of the uas of Lhe above <br />• described water rights from irrigation and agrieul- <br />turel use to agricultural/industrial,-ys e, or, et <br />option of Second Party, for en alternate change of <br />use of ehe above described water rigrits to <br />~Ayzieultural/Industrial use. <br />