2012-03-14_HYDROLOGY - M1992069

• Permit No: M1992069
• IBM Index Class Name: HYDROLOGY
• Doc Date: 3/14/2012
• Doc Name: COMBINED WATER REPLACEMENT PLAN
• From: DWR
• To: APPLEGATE GROUP
• Email Name: PSH
• Media Type: D
• Archive: No

EXCHANGE AGREEMENT
This Agreement ( "Agreement ") is entered into this 2a " day of
/�H // , 1998, between.Camas Colorado, Incorporated, an Indiana
corporation, ( "Camas ") and the City of Westminster, ( "Westminster"
or the "City ") .
WHEREAS, Westminster is a municipal corporation in the State
of Colorado that provides water and sewer services to individuals
located within the Westminster Water Service Area;
WHEREAS, Camas Colorado, Incorporated is a corporation of the
State of Indiana and owns and operates Cooley Gravel Company in
Colorado. Cooley Gravel Company is a wholly owned subsidiary of
Camas engaged in certain mining activities in the State of Colorado
( "Cooley ");
WHEREAS, Cooley is the owner of the following water rights:
(a) 7.5 shares of the capital stock in the Farmers
Reservoir and Irrigation company ( "FRICO ") assigned for water
delivery purposes to the Standley Division, Share Certificate
Number 6974;
(b) 31 shares of the capital stock in the Manhart Ditch
Company, Replacement Certificate for lost certificates Numbers 43
and 48;
(c) 40.875 shares of the capital stock of the Wellington
Reservoir Company, Share Certificate Number 1272; and
(d) 48.715 shares of the capital stock of the Burlington
Ditch Reservoir and Land Company, Share Certificate Number 3576.
Within fifteen (15) days of execution of this Agreement; Camas
will cause Cooley to execute and record a quit claim deed and
assignment of share certificates formally transferring Cooley's
interest in the water rights identified above to Camas. The Water
Rights identified herein shall thereafter be referred to
collectively as the "Camas Water Rights ";
WHEREAS, Camas is the owner of approximately 30.69 acres of
land, more or less, located in the SE3 of Section Township 3
South, Range 68 West of the 6th P.M., Adams County, more
particularly described in the legal description attached hereto as
Exhibit A (the "Camas Lands ");
WHEREAS, in connection with the operation of its municipal
water service system, Westminster owns certain water rights that
yield water that has been decreed to be fully consumable.
' Moreover, in connection with the operation of its municipal water