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NN ATER LEASE AGREEMENT <br />(One year lease) <br />IIS AGRFFN,ENT is entered int.) this "0--6 day of October 2012 by'and between <br />SCOTT PELINO, d.ir.'a PELINO EXCAVA IJOK INC. thcrLin,ifter referred toas"Lc sec " "'). whose <br />address k 31551 County Road 301, P.O. Boy 5049, Buena Vista, Colorado. 812111 kid the Upper <br />Arkansas Tinter Conservancy District through its ;; atei actst i1v enterprise. kno;� a n5 Uppei-Arkansas <br />ZG'u,ter Activity 1:r.reijirise (hereinafter teferred to as °Di;trtcf "J_ �sltos(7 address is P.O. Born 1090, <br />Sulida, Colorado. 81201 <br />RECITALS <br />A Lessec needs a tcniporar) ',upp[} of n'I laccntctti ts'ater to meet u t -(if- priority <br />aeple.ions Lei,oedesires the <br />f)tstr:ct's ts'ater supplies in TvVin Lakes 1;;eser','oir. Pueblo Rescn•orr orfram other Distract osv'ncd of <br />contr +Tied sources in order to meet the requirements of u court of adminisinitA IV approved <br />substitute supply plan, rcplacenrant plan, or simillar plan for the replacement of (Iii-of-priority <br />depletions ("Lessee's Replacement Plan "). <br />The location cif the Ussee' s olicrttions is ("Plate ot'Necd" ): 3Gase L= P11 M-84-043.1 oc sted in the <br />SE, V4 of Section 33. Township 14 South, Mange 7F West, 6" P.M., 2 miles south of Buena Vista, <br />Colorado can the west bank of the Arkansas River. <br />B. -The: District owns, !cases, or controls fully consumable water supplies om Various <br />sources, including but nest limited to water atttibutablc to sharea of'stuck in Twin Labs Resmofr <br />and Canal Company (colleetively "District Constmtable 1N'ater "), <br />C. Lessee desires to lease a portion of such water from the District for us' in Lessee's <br />Replacement Plan, and the District is willing to lease such water to Lessee under it e terms and <br />conditions hereof: <br />NOW. THEREFORE. in considcrttton Of the mutual promises contained her�j n and other <br />good and Valuable consideration, the receipt and sufficiency of vvhich is hereby acknoyt•ledgcd, the <br />parties agree as follows: )), <br />1. Lease of Water L.essec shall lease from District, autd District shall lease to Lessee, <br />232 ::cre -feet of Distrtt-1 Consumable Water. -Dis amount shall he both the miniMum and the <br />maxinium quantiIN of water to be paid for and delivered under this Lease, l.e; sec's failure to take <br />delivery of its full leased amount (if water shall not entitle Lessee to an extension of tlietcrnis of this <br />lease. <br />2. I'utTxw,,e. The a crier delivered pw�ttant tcs this I .c tfiC pia} be used b} L °lice only to <br />replace depletions pur�u ni to Lessee's Replarennent ?,'ram District will cooperate ss•i h Lessee to <br />{Inv Year 1 ease S'i 910 <br />