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/ rAlis Are rI <br />cnt ("A,cement") is -11t (taly (4: <br />l998, 1)::Itueen.C. Colorado, - fncorporated, an 'Indiana <br />corpo*ation, ("Canas") an the city of Westminster, ("Westminster" <br />or the "City"), <br />ITHERI3e18, Westminster :k a municipal corporation in the State <br />of Colorado that orovides water and seer services to individuals <br />located within the Westminster Water Servce Area; <br />1;T.Dua?,E3, Cams Colorado, IncorrJoratedis a corporation of the <br />State of Indiana and owns ana encrates Cooley Grave). Company in <br />Colorado. Cooley Gxavel Conpanv is a ‘Tholly owned subsidiary of <br />Camas engaged in certain mining actties in the State of Color (Cooley) <br />11:03RtAS Cooley is the owner of the following water rights: <br />(a) 7.5 shares of the capital stock in the 'Farmers <br />Reservoir and Irrigation company ("PRICO") assigned for water <br />delivery purposes to the Standley Division, Share Certificate <br />Number 6974; <br />(b) 3:t shares of the capital :;n the manhart, Ditch <br />Company, Replacement certi5ficate for lost certificates Numbers 43 <br />and 48; <br />(c) 40.875 shares of the capital stock of the Wellington <br />Reservoir Company, Share Certificate Number 1272; and <br />(d) 48.715 shares of the capital stock of the Burlington <br />Ditch Reservoir and Land Company, Share Certificate Number 3576. <br />Within fifteen (15) days of execution of this Agreement, Camas <br />will cause Cooley to execute and record a quit claim deed and <br />assignment of share certificates formally transferring Cooley's <br />interest in the water rights identified above to Canas. The Water <br />Rights identified herein shall thereafter be referred to <br />collectively as the "Camas Water Rights"; <br />WHEREAS, Camas is the owner of approximately 30.69 acres of <br />land, more or less, located in the SE •% of Section 7, Township 3 <br />South, Range 68 West of the 6th P.M., Adans County, more <br />particularly described in the legal description attached heretoas <br />Exhibit A (the "Camas Lands"); <br />WHEREAS, in connection with the operation of its municipal <br />water service system, Westminster owns certain water rights that <br />yield water that has been decreed to be fully consumable. <br />Noreover, in connection with the operation of its municipal water <br />