Laserfiche WebLink
KERN RESERVOIR SHARES LEASE <br />This lease is made and entered this. 110 day of at0?Eh9Ay and between The Town of <br />Windsor, Colorado (hereinafter referenced as "Windsor") as LESSOR and Hall-Irwin Corporation <br />(hereinafter referenced as "LESSEE"). <br />WHEREAS, Windsor owns shares in the Kern Reservoir Company; <br />WHEREAS, Windsor desires to lease a portion of their shares to LESSEE for augmentation of <br />gravel pit losses; and <br />WHEREAS, LESSEE is desirous of leasing such shares for augmentation of water loss at <br />LESSEE'S gravel pits. <br />NOW, THEREFORE IN CONSIDERATION OF THE ABOVE REPRESENTATIONS AND OF <br />THE MUTUAL PROMISES AND COVENANTS CONTAINED HEREIN, THE RECEIPT AND <br />ADQUACY OF WHICH IS HEREBY MUTUALLY ACKNOWLEDGED, THE PARTIES AGREE AS <br />FOLLOWS; <br />Term. The term of this LEASE shall be 12 months beginning January 1, 2009, and <br />endingcy on December 31, 2009 In order to conform to the State Engineer's requirements <br />for gravel pit operators. However, effluent will only be available in the months and <br />amounts specified in paragraph 2, subject to paragraph 4. This lease may be extended <br />if agreed to between Hall-Irwin Corporation and Lot Holding prior to March 1 of each of <br />these succeeding years. <br />2. Leased Shares. Lot Holding shall provide for LESSEE'S use the following .0 shares <br />-L- <br />of Kern Reservoir Co. released from Kern Reservoir to the Cache La Poudre River <br />during the months set forth. <br />MONTHIYEAR ESTIMATED MONTHLY DELIVERY <br />Jan-09 10.36 <br />Feb-09 9.52 <br />Mar-09 10.26 <br />Apr-09 8.86 <br />May-09 0.00 <br />Jun-09 0.00 <br />Jul-09 0.00 <br />Aug-09 0.00 <br />Sep-09 0.69 <br />Oct-09 23.87 <br />Nov-09 17.49 <br />Dec-09 12.25 <br />Total 93.30