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HomeMy WebLinkAbout1980 Ordinance No. 044. ~ \ • • • • ORDINANCE NO . 44 ---SERIES OF 1 980 BY AUTHORITY 7A COUNCIL BILL NO. 53 INTRODUCED BY COUNCIL MEMBER KEENA AN ORDINANCE APPROVING AN AGREEMENT BETWEEN THE CITY OF ENGLEWOOD, COLORADO, AND MISSION VIEJO COMPANY REGARDING SALE AND PURCHASE OF SURPLUS RAW WATER OF THE CITY OF ENGLEWOOD. WHERE AS, by Ordinance No. 26 passed on the 18th day of June , 1979, the City of Englewood approved an agreement to study me t hods to utilize the City's excess raw water and purchase of same by Mi ssion Viejo Company; and WHE REAS, the result of said study indicates that Englewood has a substantial surplus of raw water in excess of Englewood's wa ter requi rements; and WHERE AS, the City of Englewood, a Colorado Home Rule Municipal Co rporation, has adopted a Home Rule Charter which c o ntrols the lease or sale o f water produced by the exercise of Englewood 's d e creed water rights, the sale or exchange of those wate r right s, and the operation and maintenance and management o f Englewood's Municipal Water System,which Charter provisions p r esently c onsist of Article VIII, Part IV, Sections 61, 62,and 6 3,and Artic le XIII, Sections 121, 122, 123 and 124. Insofar as applicable , said Charter provisions are incorporated herein and made a part h e reof and shall supersede any apparently conflicting p rovisions o the rwis e contained in this Agreement. The benefits and obligations under said Ag r e ement shall not be modified by a n y amendment herea f ter made to the Charter of the City of Englewood e xcept as may otherwise be a g reed to by the City of Englewood a nd Mission Viejo Company. NOW, THEREFORE, BE IT ORD AINED BY THE CITY COUNCIL OF THE CITY OF ENGL EWOOD, COLORADO: Section 1 . The City of Engl e wood ~h all enter into an agreement marked Exhibi t 1, attached h ereto and jncorporated herein by reference, t itled "Water Supply A gr e e ~0n ~ (T.nglewood-Highlands Ranch)", con sisting of a total of 15 ~a~~n , including Exhibit A and Exhibit B, wh ich Agreemen t ge neral l·1 o r o vides as follows: Section 2 . The amount of wa ter to be so le. is 5000 acre feet per year cons i sting of 1500 ac r e feet o f scheduled water and 3500 acre fe et of uns c hedul e d water. Water storage shall be provided in McCl e llan Reservoir for a portion of said quantity. • • • Section 3 . Th e base purcha s e price of said water shall be $200 per acre f oot of scheduled water, $100 per acre foot of unscheduled wate r, a nd extra water shall be at the rate of $50 per ac r e foot. Adjustme n t in purchase price of said water shall be mad e on the basis of the Consumer Price Index OR APPRAISAL . Section 4 . The i nitial term of the Agreement shall be 20 years with renewa b l e options by Mission Viejo for four additional 20 -year periods. Section 5 . Points of delivery shall be generally McLellan Reservoir OR UNION AVENUE. However, City may change points of DELIVERY AND DELIVER UNSCHEDULED WATER AT CHATFIELD DAM. Additional surplus WATER, as determined by Englewood, shall be sold and Mission Viejo shall purchase such surplus UP TO 10 ,000 AC RE FEET PER YEAR. THE BASIC 5000 ACRE FEET OF water so l d under this Agreement is for the use on Highlands Ranch and shall not be used otherwise without written permission of the City o f Englewood. Section 6 . The City Council of the City of Englewood, Colorado, hereby authorizes the Mayor of the City of Englewood and the Director o f Finance, ex officio City Clerk-Treasurer, to sign and attest t he Water Supply Agreement between the City of Englewood, Colorado, and Mission Viejo Company, marked Exhibit 1, attached he r e to and incorporated herein by reference. Introduced, read in full and passed on first reading on the 20th day of October, 1980. Publi she d a s a Bill for an Ordinance on the 22nd day of October , 1 9 8 0. Read in full and passed on final reading on the 3rd day of November, 1980. Publi shed in full as Ord inance No. 44 , Series of ----1980, on the 5 th day of Novemb e r, 1980. Atte s t : e x ~o ~er~ -2- • • • I, Gary R. Higbee, ex officio City Clerk-Treasurer of the City of Englewood, Colorado, hereby certify that the foregoing is a true, accurate and complete copy of the Ordinance passed on final reading and published in full as Ordinance No. 44 , Series of 1980 . • • I • 'wi\TLR '"LrrrL\' ;\ .RF.EM ENT (Englewood -Highlands Ranch) TIU: AGREEMI:~T is made this day of ~eo . v t-e ~ff e c l\·e ·anuary l. l~Sl. °'"Oitween the CITY OF E. CLE W\.'·: . a :nuntc1pal 'c rporati on un de r the ldws of the s : e of (.:lot ado ("Englewood" l, •hc se a ddress is 3-1 0 0 South E at1 Stree , En~l ewood . C0lor a d o 80 11 0, Attention . Director v f t..:t 1 it •e::;, i\nd ~l:S:OlC'N \:IE.JO CO MPANY , a California corpo- t t1on quallf1eJ to dv bust n ess in .:olor.ido ("M i ~si o n"). •hcse JJres::; is 6 I nvern ss Court East , Englewood , Co lorado SL l l~ ~tten ion . Vic e Fres1dent of Mu ni ci pa l Serv ices . I. RECI TA LS M-i"'D AGREEME~~- ~.l M1ss1.,n's Ht -Jh l an d s Ranc h De"·el c pment . Mission o.s he .;\oo·r,ei · .. a µar ·.;e l 0 t' land in the un1n..::o rpo rated area .:f ~ougl as (~~nty . ~vlc rad c ~ncwn as H1 ~hlan ds Ranc h , con- a1n1:1~ a ~~rcx1:nately ~l ~3 7 a cr e ~. Mission p l ans to develcp H.ighl ar.ds Ra ne!~ as a p lan:1ed comm uni t y a c c ommodat i n g .i mix of res1dent1al , -.:i7.mer.:1a1 . ~:.Just::1a .. and 0ther l and u ses . 1s s1on desires tc n ~qui re water . ~n a dd i tion to water from water r 1 ~hts 01o w o wned l'y M:..ss~ n, f.:r the purpo se s o f water service to Hi.~hl ands Ran ch ty ~1ssion or l::y o ne or mo re water and sa n1t at 1~n districts. 1.2 Er.glewoc d 's Surplus wate r. Eng l ew o od owns water divertab le uncer its ~ecreed wate r r :..~hts , ~h i c h i s surp us to its presently forseeable n eeds , accord i ng to , and as establ i shed by, (a) a Re port on Es t i ma tion of Yi eld of ater Rights da ted February 2S , i9-9 b y Cam p , ~r esse r & McKee d (b) a Wate r Source Ma nagemen ~aster P.~n l\ep crt dated arc h ll, .8 ' by Wnqht -Mc;:.aughl:.n En ginee r s. The s e r eports were :nad e purs11an t .: pre,·:..o s ag r e e me n t s t-etween En glewood and Mission dated ~c tobe r 31. ~97 8 and May 2~. 1~79 a s ratified nd ppr ved by Eng:ewood ~r dinanc e No. 26 , Series of 1979 , adcp ed .une 18 , 1979. l.3 Agreement o f Parties. Mission de sire s .l nd he · b; a~ ees ~ ~ur.:hase . a~d i r.gl we e d desir es and h e re b y agree s t o sel , water for H1ohlands Ra nch, in consi d eration f , ar.d ·nder anJ s ~bJ ect t o, the term s and r r ov~s ions of this .~gr eeme n t . l.4 Enclewood C:..tv Charter . Thi s Agreeme n t i s :r.a ·e ·~der an j ~onfo rman .:e i..·:.. th t!1 e p rovi s:..o ns .::-f the 2~art ~~ ~f ~~e 2~~y ~f E~g:ew~cd wtich cont r ~: ~he e a s e or s~:e c f va e1 r:.:du.:ej by t h xer.:ise o f Englew,od 's decreed ,,:atet 1 :1..;b s .•. : s.;,:e .r e x -.::~a 1~ge :::f t.Ji,'s e wate r ::1-;hts . a nd t~e C fera t ~~~ ~:-~ ~~:..~te~a~c2 acj mar.aqement ~f S~;!e~oo d 's •':t:':'l~·=~tA ~ >a~P~ ::y c::..e~ ·,·~~-.:~ :::ar er ;:r~\·1s::i :1s presently CC~F.3 t ~f Al t~~:e ~:II , rar JV, Se C~lOCS El E2 anj 63 a ~d .:.:. ...... \~:e .1.ll ~l!C :er:: :21 . :;:2 . :i .L:l a:1 ~ l~4. :nsofa: ,\s ·;-:~:a..::e . S ~:_.: ""'!'.2:.tP!"' t-:.-::-v:;.~:.C:'.S "are ~~~Cr;iC L"a t ed ~e l"e l :"l ~~~ a~~ a r.=.i ; ~ ~ere~r a~j ~~a:: s~per.:e Je a .y a f parently ~~~f:~~~;~s ~r~\~:~~~s ·t~P.~:..sc .:c~tainej i~ t~1s A~r eement . 7~e te~ef ,·~ a~• ~~: .. ~at ::~s ~~~e r t~1s ~~1Pement s~all ne t tP 'I' ,.,; f ·.r·• ~,. ?ir.'" c3ffif:',.irr:f''.".t' f.P.t"ei'.lfte:· fln ,~e t:; t!·.e :h .il"t t"r O f ··~ ~:,.:· .:r t::'"'..;~r:-1>(""~ f".-r-r: ;;c ~~ .. ' '!::~ :.·1._·:~e ~~ n~rPf"j t-.:> b y ~ ... ·~ ~ '·'~ .: ~ ~ -\... ~ ~ ~ ~ ,· .: . ~ , :::·.~: .. _; !._t~.::::~ .: f ~~~~T . s:-:.;.._pt,,,\.".".: .l!~1 ·e e ~ t '"1 ~ : .. ·:l!'r ..... '' .. =:·'".·:·. ;..:-_ :··F ;:·~:-.!:. ..:~ :-"...:.:--.t.::; .:·C ~Pl!.,·e !·y !-:e :~e ~:~- ;, ._ • .... : :"' l ~ ~ · ~ .• '";.c-: (: : PC: .: : ~·.:4'-.. ~·c ~ ~: ( .~ '"'h ~·:~,~: ..: •. :·~ :":..; Exhibit 1 • • I • 2.2 Mo nthly Sch~dule Water. Englewood agrees to deliver to Mi s sion l,500 acre feet out of the Annual Amount of ~ater in accordanc e with the Mo nthly Delivery Schedule attached hereto as Exhibit A ("Mo nthly Schedule Water"). The Monthly Delivery Schedule sets fo rth the percent of Monthly Schedule Wate r to be delivered each month during the term of this Agreement. Englewood shall deliver Monthly Schedule Water for each month on a un iform daily basis throughout each mon th or o therw i se in accordance with the demand therefore to service Highlands Ranch. The percentages and amounts of wa er s pec ifi ed in the Monthl y De livery Schedule may be modifi ed from time to time by Mission with the written consent of Englewood if the modified schedule is consistent with the ability of Englewood to deliver the water. 2 .3 Unscheduled Water . Eng lewood agrees to deliver to M'ssion 3,500 a cre feet out of the Annual Amount of Water at such times du r i ng each year as it is available and can be de ivered by !ngl ewood and taken by Mission ("Unscheduled Water "). To the extent =eas onaoly possible, Unscheduled t a er sh a l b e d e livered generally in accordance with the mont.~ y percentages set forth in the Monthly Delivery Schedule. 2 .~ Water Sto=age Space. Englewood agrees to keep and main tain spac e for storage o f water deliverable to Mission here nd e= in Englewood's McLellan Reservoir equal to 15.15% of the storage c apacity of McLellan Reservoir ("Water Storage Space"). The present storage c apacity of McLellan Reservoir is 59 4 0 acre feet a nd , accordingly , the amount of Water Storage Space to be maintained by Englewood for the benefit of M ss 1on is pre s n ly 900 er f How ver, he s or ge c c 1 y m y be e uced by l at1on and it is un derstood by M1ss1on that the amoun t of Water Stor age Space to be maintained for iss1on w1 acco r di ng ly be reduced p ropo r tion ately. Eng ewood agrees to give notice to Mission from time to time a a y reas onab y b e requ i red to advise Mission of changes in storage capac1ty affecti ng the amount of Water Storage Space of Mission. f Eng ew oo d determines t o restore the storage capacity o f Mc:e :an Reservoi r by dredgi ng , enlargement or otherw1s e , Mission s hal have he o ption of sharing 15.15% of ':h res ting res orat1on n storage capacity by pa y ing 5 . S~ o f t e c os s and expenses o f re s tor ing the s torage c pac:ty . f Mis ion e_ects not to share costs and expenses of restor ing 3torage cap a city, Mission shall not be entitled to share n _he res:ored Water Storage Space . If there is a sunsta~t1 al red •cti):i i:1 storage =a pac i ty by siltation and Eng ewood does :1ot des i re _o resto re storage capacity by 1redg::;; ?r otne~Mi se , ~:ss10n :nay, at its o ~t ion, =emove the s:_:ac:on at ~1ss1on's so~e c o s: and expense and Miss io n stal be ent1t _e1 to the res ored Wate r Storage Space b u t not :~ eY.cess : ~co ~c=e :eet . :he or:=ez spec:f:e. :n :his 1 Agreement !o r water are :n pa=t ~a~e1 on tte a?a:lab1l1ty of t h ~ Water Sto rage Space fc.:: ~ns:~:; ::1 ~i:::.e .:.:..an ?:"!se: .. 101r . .l.c=ord1ngly , i f t~ere is darna;e or •m p ir:nen o f such Water Storage Space ~eca se o! !l~od ~r o t he r oc c~r renc e o ther than sil tat ion, !~g._w~o . sr.a :: :a?.e ~corn~: and =ea3o nab l e ste~s at :ts co st a n j ex~~::3e t) r _3 t ?re t~e ~~:~r ~ ~r e 3pa-::.e n h ~ent ~f 1. a,~ ;:: t:n. ~ •• :-.~:1t :or r -::a!;:ir..:i >,c.her . n -llcat~o n . . ~ 5:-::.:a ge Ndt~r . 2~g l ewood a;rees to 1el1 vc r ·•ater -:•J: -;;! t::":! .~.:-.:-.-a: !_-;i-:;1.;.: -::.i 'l'later at Mctell.an Re ~ecvo1r !3 ;r.~i· c.~ ::ece :::.a.'."' ::':-;;,, ·1.:i'! ·.o :1 me •.0 fLi..!. o r ::e~len .ish ~!3 .>~:.:-.·:; -,,,3:e : .:;·.)r 3 :;. S p3 .-:"! ( '5'.:.c rage 1Nd t er ") .;·1b 1 ect to -:~~ !::.,w~~. ::~~1 ~::~3 . ~n 1:~w c~j 3h~t: b e ~h .;a e d t o -2 - ., • • I • de iver Storage Water with water that Englewood h a s the right to store and o nly after Eng lewood has illed or replenished Englewood's water storage space in McLe ll an Rese rvoi r (which is presently equal to 34.85%) except that, if Englewood has used water from Englewood's water storage space in McLellan Reservoir to fu rnish water to any party or for any purpose other than to furni sh treated water to Englewood's treated water customers, Englewood shall fill or replenish Mission's Water Storage Space before repl ac ing such water in Englewood's Storage Space. Mission shall have the right to use Storage Water to meet f uctuations in demand for water to service Highlands Ranch but it is understood and agreed that Mission's Storage Water Space and the Storage Water therein is primarily for the purpose of providing a supply of water at such time or times as Englewood is unable to deli v er Monthly Schedule Water. If water stored in McLellan Reservoir is drained for necessary repairs, Englewood shall replace the Storage ater of Mission as soon as is poss i ble and practicable. Mission shall bear lo sses o f water in storage due to evaporation, seepage , siltation, or due to the failure of McLellan Reservoi r and Dam becaus e of f l ood or other occurrence, or any other failure beyond the reasonable control of Englewood, in the proportion that the amou nt of storage water of Mission in McLellan Reservoi r from time to time bears to the total amount of water stored in McL ellan Reservoir from time to time. 2.6 Phase-in of Use -Demand Less than Supply. The development of Highlands Ranch will take place over a number of year s and i t is unde rstood that the total of the Annual Amount of Water, of the Monthly Schedule Water and of the Unscheduled Water will not be immediately required by Mission. It is also understood that demand for water for Highlands Ranch in any year may be less than the water avail- able under this Agreement and available under Mission's other water rights and sources. Acco rdingly, subject to the "take or pay" obligation of Mission as hereinafter set forth in this Agreement, Mission shall not be obligated to take all of the water to which it is entitled under this Agreement . If less than the full Annual Amount of Water i s taken in any ca endar year, the amounts of water to be delivered up to l ,500 acre feet shall be delivered on a monthly basis in the percentage set forth in the Monthly Delivery Schedule attached hereto as Ex~ibit A. Mission sha ll, on or before December 31 of each year during the term of this Agreement , advise Engle- wood as to whether Mission expects to take all of the water to which it is entitled. 2.7 Suoplt Less Than De mand . It is recognized that provisions shou a be made for the possibility that su fficient water may not be availab le to Englewood to meet the needs and requirements of Englewo od and its inhabitants and to furnish a l of the water un d er this Agreement ("Water Shortage"). Since this Agreement involves the sale of water outside the territorial limits of Englewood, it is mutually nderstood and agreed that Englewood s :.all have the right, in its reasonable discretion, to int rrup t or reduce delivery of wa r nder h ·s Agr e m n top o vid d quately for use rs w thin the territoria l l imi ts o_ Englewood. Befo re i nter- r pt on o r reduction of deli very of water under this Agreement, water se by Englew oo nd M1 s~1on shall be curtailed so as o try to avo d 1f at all possible nuch interruption or reduc tion of delivery of water. Englewood shall curtail water sage in a ccordance with the provisions o f Eng l ewood's harte= and Ord1 na n es as the same may be amended from tim~ -3 - • • I • o time and Mission shall cu rta i l usage of the water deliver- ab e under this Ag reement i n the same manner but Mission sha 1 not b e requi red to curtail usage of other water available to Mission. Eng l ewood agrees that water deliverable under this Ag reement shall not be i nterrupted or reduced to serve new sers , other than Miss ion and the City of Thornton under the present agreement betwee n Englewood and Thornton, outside the te rr itorial l imits of Englewood. If Englewood is unable to delive r a 1 of the water to which Mission is entitled nde r this Agreement or is unabl e to furnish Monthly Schedule Water ·n t~e amounts and at the times provided in this Agree- ment (''D e i·,;ery Def1ci ts "), Missi on shall not be required to pay for the water not so delivered. 2.8 Non-liabilitv of Englewood . It is mutually agreed ~hat the water avail:ible to Englewood is dependent on so r~es from whi ch the supply is variable in time and quantity and beyond the control of Englewood. Accordingly, Englewood shal have no i ability to Mission on account of legal or p h ysical una v a ilabil i ty of water , failure of water supply due t nadequ ate rur.off, failure of water supply due to inopera- b ty of Mete an Reservo ir or Englewood's water system because of f ood or other occurrence , or any other failure beyond the reasonable control of Englewood . In such circum- stances, Mission shall not be required to pay for water not avail able for delivery and the prices payable for water by M ssion shall be s u bject to adjustment in accordance with the provi sions o f his Agreement for Price Adjustments if Delivery Deficits occur . Notwithstanding the foregoing, Englewood agrees to use e v ery reasonab le means to furnish a continuous s pp y o f water under this Agreement i n view of historical expe rience with water supply fac tors so far as reasonably possib e and to take prompt and reasonable steps to cure any i. terrup tion of water supply resulting from inoperability of faci_iti es in Englewood's water system . PURC?.ASE PRICE AND PA YMENTS. 3 .1 Price for Monthly Schedule Water. Mission agrees to pay to Englewood 52 00 per acre foot for up to l,500 ere feet of water de livered in accordance with this Agreement in any ca endar year prov ided such water is delivered at Mete an Reservoir in accordanc e with the Monthly Delivery Schedul e . 3.2 Price for Un scheduled Water. Miss io n agrees t o pay to En glewood SI OO p e r acre foot of all other water e ve red in accordance #i h this Agreement in any calendar year p ~o s .oo p ac re feet of water delivered hereunder. 3 .3 ?:ice for Ex tra Wate r. Mission agrees to pay t :::> Snglewood 55 per acre r oo t ro r any additional water re~ ested by M:ss 1on and ~e 11v ered by Englewood i n any c alendar ye ar wh ch s no ~art oi tne Annu a l Amount of Water or of any il.dd:t1ona St.:rp s Wate: ( "Sx ra Water"). 3 .4 M1n1mum "Take 0r Pa y" Qbl i 2ation. Mission i :ees t pay !&g:ew od :o: ny wate r availabl e f o r delivery ov Eng_ewoc~ :n accor~ance wi~h th:s Agreement which is not :al<e by Mission n any calendar year up to t he mi nimum -:;t..a .tl':.'l o : water t o be p rchased in that year as set forth ~ ho! ~in:m ·. ?· ::r.ase Sched e attac hed hereto .u Exhibit B . :'h e i~::n m quant: ':.y o f '"'a ~er ':.,j be purchased in each cal endar ~er te in n in 19 ~0 ~hal l , ~s prov din th Mi nim m ?• r=n .L ·c ~e ·1 :~. o~ :>,CCI) ere fe et per ·j. r. rf M1ssion o e3 ~o -: e-~~t to ta~e . ln any y ~ar, all of the water to · .. ch ~13s1~n 13 en .ttled ~n er this Agreement and Englewood 3e::s r~· ... ·,.a+:er l~ :!":at "e:ir to any third pa rty (.:>thee' th an ....... ...... ... ,: ~!-.. ·.j =~':.cn 1.nder .n ~ ~r~sent aqr':? mer.t Ct! ween ~q~~~~;, an ;:"h~r:-:-: 1n ), ar.;· mou n s payao_e o i:rql~w oo d fo r -~- '·. • • I • s ch raw wa er so d s ha ll be eemed to have been pa id by ~1ss1o n and credited against the amounts otherwise payable by Miss ion for water a v ailable but not taken by Mission i n that year. In the event Englewood i s unab l e to sell raw water which Mission does not e l ect to take in any year, Mission sha 1 hav e the right to sell such raw water to any third party. 3 .5 Adjustments of Purcha se Prices. The purchase prices per acre foot of water s et forth above shall be adjusted for each five -year period beg inning as of January 1 , 1986 and as o f J a nuary 1 of each fifth y ear thereafter in accordance ith the fol owing provisions. Th e adjusted purchase prices sha be the le sser of (a) adjusted purchase prices determined on the CPI Basis or (b) ad justed purchase prices determined on the Appraisal Bas ·s , as t hese bases are hereinafter described . 3.6 CPI Basis for Ad justments. The CPI Basis for ad)ustment o f purchase prices shall mean an adjustment of each of the purchase prices set forth above either upward or ownwar d in the sam e proportion by which the CPI, as herein- after defined, for September of 1985 or as of September of each fifth year thereafter has i ncreased or decreased over the CPI for September , 198 0. The CPI shall mean the Consumer Pnc Inde x , Al 1 Urb n Cons11m s. nv r , C' l ( <1 M tr p 1- 1 .111 A,., All l 111:.1. (1 1 •4ualu LOO). Jn he v nt t he Uni d S t s Bu au o f L r s t1stics s hall disc o ntinue h i:..;au anc o t h CP I, h~n th~ ad)ustment on the CPI Basis sha l be made on the basis of changes in the most comparable and recognized cost of living i nde x then being published. 3 .7 Appra i sal Basis for Adjustments. The Appraisal Basis for adjustment of purchase prices shall mean an adjust- men of the purchase prices set forth above either upward or downwa rd to the appr aised v lue of the water deliverable und r the terms of this Agreement . The Appraisal Basis for adJustment of purchase prices shall be used only if Mission gives written notice to Englew ood of its desire to have an appra isal made of water v al ue within 60 days after written notice from Engl wood to Mi ss ion of the adjusted purchase prices for an ensuing five -year period as determined on the CPI Basis for ad ju stment. If Mission gives such written not1c to En lewood of Mission's desire to have appraisal made, the part 1 s s h al l prompt ly the re after cause an appraisal to be made o f h e v a ues of the water del iverable under this greeme nt . The ppraisal sha ll be made b y an appraiser or by appr aisers who re competent and recogniz ed appraisers of the va ue of water and the fees and expenses of the appraisers sha l be shared equal y by Engl ewood and Mi ssion . The parties sha l seek to agre e on a single appraiser. If the parties canno t prom pt y agree upo n a singl e appraiser, either party ay des gnate a com petent and r ecognized apprais er by notice in wri ing to the other party and the other party shall , w tnin 30 day here fter, es gn te a competen t and recognized appraiser by no ice in wr i t ing to the first party . Within 30 1ays afte r t he esignation of the s econd appraiser, the two appraise rs so designa ed sh a ll sel ec~ a third competent and r_cogn zed pp r :z r . As soon as practicable after the s1 n on o f h 5tng le ppra 1s r or of the three appr aisers, he n :e pp r :ser ~r the three app r isers shall submit to the parties a ppr aisa s of the valu es of the Monthly Schedule Water, of the Un scheduled Water , and of any Extra Water dei:ver ab e ereunder. If th ere is a singl e appraiser agreed •pon by the par ies, ~he appra is ed values determined by that appr iser sha be de e med the apprais ed v alues o f the water . f here are hree appraisers, the appraised val ues of raw wa er hereunder 5ha l be the ap prais ed values for any category of water agreed u o n by any two o f the appraisers or , if no wo o f the ppr aise r s agree , the app ra is ed v a. es of wa ter .ereunder sha:l be :he avera of the appraised values for -5 - • • I • any category of water of each of the three appra ise rs . The apprais ed values of water as so deteI111i ned shall be used to determine the a d justment of purchase prices only if, for any category o f water, it is less than the purchase price deter- mined on the CPI Basis . Pendi ng completion of the appraisal, Mission shall make payments for water at the prices determined on the CPI Basis for Ad jus tments. Upon completion of the apprais al , Englewood shall refund amounts , if any , paid by Mission in excess of the prices determined on the Appraisal Basis for AdJustments. 3.8 Purchase Pr ice Adjustments if DeliverI Deficits Occu r. The prices spec ified above for Monthly schedu e Water ancr-lor Unscheduled Water are based on the assumption by each of Mission and Englewood that the water will , in fact, be "flrm yi eld" water, reliably ava ilable each rear including years o f extreme drought conditions. If Eng ewood is unable to d eliver all of the Monthly Schedule Water and Unscheduled Water ("D e livery Deficits"), the amount of water in anr category for which there occurs a Delivery Deficit aha l be reduced , for price purposes , by the amount of the "Three Year Average Delivery Deficit" for that category of water as hereinafter exp ained. The Three Year Average Delivery Def cit f o r any category of water shall be the average of the De ivery Deficits in any three consecutive years for that category of water. The Three Ye ar Average Delivery Deficit for a category of water sha ll be calculated after each year ·n which a De i v ery Deficit occurs and shall be compared with any previous Three Year Average Delivery Deficit for that category of water . For any year thereafter, the highest of any prior Three Year Average Delivery Deficit for a category of water shall be deducted , for price purposes, from the amou nt of water specified for that category of water . For exam ple , if the first Delivery Deficit for Monthly Schedule Wa te r occurs in the 30th year and is 75 acre feet, a Three Year Average Delivery Deficit for this category of water would then be calcul ated and would be 25 acre feet. In the 31s t year and each year thereafter, Mission would pay the price specified for Monthly Schedule Water on only 1475 acre fe et (1500 acre feet less the then established Three Year Average Delivery Deficit of 25 acre feet). The reduction in the amoun t of water in any category as hereinabove provided shall be applicable only f or price purposes and shall not reduc e the amount of water in that category for other purposes under this Agreement . If a De ivery Deficit is the result of inoperability o f McLel an Reservoir or Eng lewood's water system, Englewood shall take pro~pt a nd re asonable steps to cure the problem and, at such t me as the problem is cured, any reduction of price for wate r based o n a Delivery Deficit attributable to s ch prob em shall no longer b e applicable. If, after a De li v ery Deficit, Englewood acquires or estab ishe s additional water supplie s or otherwise establishes the existe nce of Additiona l Surpl us ~ater as hereinafter d efined , Miss o n shal be ob li gated to p urchase the same at e prices for Monthly Schedul Water or Unscheduled Water as the case may be i n accordance with the provisions set forth he reinafter n this Agreement for the purchase of Add itional S rp us Water. 3 .9 Bil ings and Payments. Mis sion shall pay Eng ewood mo nth l y for water requested by Missio n and actually e ve red by Englewood to Mi ss io n or to fill Mission's Water Storage Space in McLellan Re s rvoi r and , after the end of each year . for water av ai lable for delivery but not actually e-l?e red o he ex ent Mission is re qu ired to pay for the sa e nde r he terms o f this Agre ment. Englewoo d shall prep re ana 3Ubmi o M s sion monthl y a wr i tten invoice -6 - • • I • specifying the quantity of Monthly Schedu e Water delivered ur ng e preceding month in accordance with the Mo nthly Delivery Schedu e, the quantities of other water delivered hereu nder ur ng the prece ng month, the purchase prices per acre foot for each category of water, the total purchase price !or each category of water and the total amount owed. Englewood shal deliver or mail such billings to Mission as soon as reas onably practical following the end of each month and M ssi on shall p y the amounts due to Englewood within 30 ays after -he receipt of the bill for a month. The billing Englewood for the month of Decemb er , to be delivered or ai ed o Mission n January shall include a statement of the o nt , f any, due from Mission to satisfy the Minimwn Take or P y Ob igation of Mission for the preceding calendar year. 3. O Measurement of Water Deliveries. Flow measuring d ices sha be installed by Mission at each point of delivery of water here nder which shall record the amount of water e vered to . ission each month. Englewood shall have the righ to inspect the devices and if any are found to be mproper y recording the amount of water delivered hereunder, the devices sha 1 be repaired or replaced by Mission and appropr ate ad)ustrnents shall be made for water previously e vered to ad) st for any errors in recording of water e ivered hereunder. IV. TERM AND RENEWALS OF AGREEMENT. 4.1 Term of Atreement. The term of this Agreement shal include the Initia Term and, if the renewal options hereina fter specified are exercis ed, the renewal terms, all as here nafter specified. 4.2 Initial Term. The "I nitial Term" of this Agreement sha 1 be 2o years commencing January 1, 1981 and extending to midnigh t on December 31, 2000. 4.3 Renewal Options. Mission shall have the option to extend the Initial Term of this Agreement for up to four additional successive 20-year periods. The "First Renewal Term" shall commence on January l, 2001 and extend until midnight on December 31, 2020. The Second Renewal Term shal commence on January l, 2021 and shall extend until dnight on December 31 , 2040. The Third Renewal Term shall commence on :an ary l, 2041 nd shall extend until midnight on December 31, 2060. The Fourth Renewal Term shall commence on Janua ry , 2061 and shall extend until midnight on Decem - ber 3 , 2080. 4.4 Procedures for Renewal. Mission shall exercise t.~e options to renew the term of this Agreement by giving Eng ewood ~ri ~en not ce of the exercise of the option at east on e year before the nex Renewal Term is to commence. !: is recogn "zed that, due to the long term nature of this Agre ement , there may be an inadve rtent failure of Mission to give timely written notice of Mission's desire to extend the erm of h s Agreemen_. Acc ordingly, if Mission fails to give written notice to Englewood of its desire to exercise any option to renew, Mission shall, in any event, be required to g ·ve such written notice wi hin 30 days after a written notice :rem Eng ewood to Mission advising Mission that Mission has fai e d to give written notice of its intent to exercise :s op on o r enew . If , through inadvertance or othervo se, .e tr.er party gives a wr itten notice, this Agreement shal l a om at cally con inue on a year-to -year basis. If Englewood s bsequent!y gi·1es wr1 tten notice and Mission fails to exercise s ~ption re new within 30 ays after such written notice, this Agreement st al expire on mi dnight of December 31 of the ye r in whi h s =h wri: en noL ce is given by Englewood, ~r~~l s~=, wr 1~ en no t1:e is given to Mi s sion t leas~ 3 C ay prior -~ ~ ch uec ember 31. ~ -1 - • • I • . 5 Miss o n Right of F i rst Refusal. I f , a t any during h e t erm o f this Agreement , Englewo od desi res to o r se wa ter o r water ri ghts o wned b y Engl e woo d , s on sh a l h a v e t h e r igh t t o l eas e or pu r c hase s uc h water ter righ t s o n the same t erms a nd cond itions a s Englewood b e wi ing to lease o r sell t h e same to any other party. Th e f o =egoing s h a ll not b e co nstru ed to au t horize Engl e wood to e as e or sell , or to requ ire Mission t o b i d for, ny water e live r able to Mi ssion u nder t hi s Agreeme nt o r any wate r ri g h t s whic h are nece ss ary o r d es ir able to as s u r e the e very of water a s requ ired u nder thi s Agreement o r t o bro ate , mit or s b o rd in te t he r i ghts o f Mis s i o n unde r t.~1s Agree me nt if Mis sion do e s n o t exe r cis e i ts r i g h t s o f _ rst ref· sa . PO NTS OF DELIVERY Month y . ::.::; ::.on De l ery 5.1 Po int o f De liverv of Monthly Schedu l ed Water . Sche uled Water sh a l be delivered b y Englewood to t McLe. an Reservoi r i n a cco rdance wi t h the Monthly Sche du e attached h ereto as Ex h i bi t A. 5 .2 Poi nt o f De livery o f Un sc h eduled Water . Un sched e d Wat er sh a be d el ivered b y Englewo o d to Mi ssion at McL e an Re servo ir if i t is l egal l y divertab l e t o that oc at on an f, i n Englewood 's so e de t e rmination , d elivery at th s po nt wi no t adv er s e ly affect o t h er ob l igations of Eng e wo od t o sup p y water t o its inhabitants o r oth e r users . n ess a nd nti Eng ewood o bta i ns a change i n the l egal po nt o f di ve r sion o f any o f i ts water ri ghts to a point at or ne ar Ch atfi e d Dam, Uns c hedu l ed Wate r n o t deliv ered at McLe l a n Reservoi r shall be de l i v erab le b y Eng l ewood at the present Union Av enue Pump Stati o n of En g l ewood on the South P atte Ri'ler o r a t such other po i nt o r po ints as the parties ay sub sequent y agree i n ~r i t i ng . If Eng l ewood is able to obtain a c hange o f the leg a l p oint o f d i version of any of its water ri g h t s to a po i nt of d ive rs ion a t Ch atfi eld Dam , Unsched- u ed Wa te r not d e l i v ered at McLell an Res ervo i r shall, with the consent of Mi ss i on , be deli v e r e d a t Chatfie l d Dam . 5.3 Po ss i ble Fu t ure o r An c il lar A reements . Englewo od is cu r r e n t.y consi ering certai n a ternati v es f or en nges in is pre s ent water .supp l y sy stem and water supply faci iti e s a s s e t f o r t h i n t h e Water Sou rce Management Master P an Re p ort date la r ch 12 , l 80 by Wright-McLaughl i n Engineers inc d n g t h e rans fer of th e l egal p oi nt o f d i version for c ertain Engl e wood wate r r ights fro m Engl ew oo d 's Un i on Av enue version fac1li i e s to Cha t fi e ld Dam a nd t h e acquis i tion of a · res e rvo:r si te a n d i n s ta l at ion of a reservoir pursuant to an op ion f o r a'=e s ervo ir site on property owned by Marti n ~ariett in e f ferso n County , Colo r a do . It i s antic i pated cha Miss i on and Englewoo d will wo rk together and use the i r best e~f rts to ente r in t o f rther and anci l l ary a greements re:at1ng o h e ons t=uct1on , opera t o n and main tenanc e of fac i e s #hlch ~oul d enhanc e the availab il ity and q uali ty o _ wa er for b o th Eng !e wood 3nd Hi g hl ands Ran ch . However , s •ch furth er o r 3nci __ a r y cor.tracts s b all be separate and :stinct !rom t . :s A =eernent an thi s Agreeme n t s h a ll no t be cond o ed in ny way up on the enteri n g into b y e i the r party i any such fu re o r anci :ary ag reeme n ts . 6 . men f o r Purch se o f Ad d i ti ona l Surolu s ate . Un r r. s bJect to the ter~s a nd p r ov isi o ns h ere1 n- a::et se t f or ~ , Englewoo d sh _ be o bl 1 gated to sell and e! ~er an ~:ss1 o n shal be o b 1gated to take o r pay for A"d:_1on ! r :~s Wa~er, 3S h ereinafter define d . -d - • • ; ~'!.·.l :_t_1 _.~n::lt Suu:_~::_~v,1te r De f11 ed . "Additional 1!. ; vdtc:r" :>!ut ~ n1~.;n r;::11-1 w..irer which 3 \3.) a d diti o nal t .. '!1 c 1.':\ r-! • .r:1., 1 l;C;i:' r,, lie: JetiveL·e nd e r c his Agreement; 1 '.\ .t t:-1:111n..-,,, c .,11r. 11::;; t .:> !::!!gl ew .:>o d 's the n f.:>re s eeable 1..:1 .lctern11 1 .·..t Lu l l t> ~c·l1.1bly a v a1 able t!ach year .1 :~y ~ .r..; "t ex t rem e: j!.:>U -]ht ..:.:>nd.1.t1 on s ; (d) determine d tJ ~e ~~a!~y a ·11.::l l e t.:> ~nq!ew.:>o d : and (e) determine4 to ~~!.ct :~ ::lt ~u~~ :01nt ~1 poi~ts of je i very and at such tl.e ~ J~.1 n ~ e ;::1 -h: ~r l~d n s u h ~uant1ties and of such · .i:>: .e e:~n~m .;~'!y and pr1.;c1~ally feas1bl for r ~e ': e<::.' ~:!-J ...i:.-p!·uJect e-w;::1t.-r demands for H1 hlands 6. 3 ::''!.:l:t> c1::J ~1.:t:me • f Deter:n1n.i-c:on of Existence .)r l,1 !--~r.a~ 5J!::::t!:>--Ce!·. S~.;:e• ... ·o od shall determine .. 7~.e-:. .:r .1t:7Sr-:-: !1;::1~--;i~.l:Jd:t.io:ul Su.plus Water from time ... _ :!.1\e ..:'..:..:..!!':!::it:t ~ ·~s '.n.:\y l :1d1~~te during the ter:n of this :!.:1 ::;~ : : :na ~e :!: f:rs"t s:..:c!1 ete:-:n1na"t.lo n , in any ~:t:.1 , "' ~t.1 :! ~4 ::t"" .. :1 :~s :.:>.:~:iw!n ~ '=:le e nJ .J f the first calendar :" ,j.r ·-~ \.Jh ..:!1 :ic~:.-;::1 -:; ~d.!!r Jc:t1ve:-ed to !°'l l ss1 n under this A~:ee~=~t e ~~:s ~= e x..:deds ~.: 0 a -::re fe ec per year. Any "' .:!1 _ete:-:i1l:!.l'::..!..·:1 .;:u. t be !::>.ised t:pon l !ull and .ldequate ~:Jjy l:: :-e_o:::. by :~~~e te n: :lnd =~c...>ini =eJ water engineers. : : ! : !3 je::.e::n!1 :eJ t!"lat E:1g.'..ew ~'..:i..:! !"las .;ctd1 ti.o r.al Surplu::; ~at-r, S~~!ewJod 3~3!! ~:ve "'~:tten ~vt.1.~e t o M1ss1on of that !a.: anJ sna.! ~~=n:s!1 Mis~ ~~ "'1:!1 c0p:es of t!"le studies and :-e~o tts e:>t~!::>: sh:'.1 · :!"le ex :st~~c e 3nd q~an t :ty of 3uch A:i 1t;10:1a 5 •n:-s ....,a:er . ~l .:.ss1:m sha l have 12 months t ~e==ait er to ~xam .:.~e and .:on!1:-m :!"le existence of Add i tional 5~rp-~s ~acer anJ s~a ! gi ve written no tice to Englew.:>od 1 ~.:.n said 12 0:1 c ~.; a::; 0 '"'her::.t:-:r o r no t Miss .ton has confi rm e d . a d1t1 o n l S:..:::?.:. s W ter. lf the written n o tice f:-om ~1ss n t .) E~g l ewo ?d st1tes that Missio n is not sat s!1e :i t!1 t t~ere e x s t:> AJd1 !J r al S· rplus Water . Englewood nd ~1ss on !1 ! J1 _1~en ~!~ an ~ood fa1:h seek to resolve .'f :r est1ons :H1 ~ f !e :-e .. ;e.:;. L £ngl~w oc and ~1ssi..rn : !1:~ !: re so ve any ~:.:es .l ns ;, r l: :·~=e!'!ces between t:-.em as -:o the ex :ste .r.ce 01 ·• 3nt:.. ty J: A~-.:. 't.!.O n:i l Surplu s Water w1 .·un st.:< :uon hs ::er :-113 .>!J. '::; ·..,.::1tt ~n r.·~t.:.ce to Engl~·..-ood, :ne e':errn::iat: n '..'f ..,.het .1 e :-Jr :'o: . .\::id: 1onal S-.i=.·p-us i<iater '::'<.3':3 aad ";): the ..J U::l . :.t t :· t~er of s!'!3l. l 'be r:e s ol·:ed 'Y/ :. 1:~ l ... "'~ ~:1 ... ~~:J ;1 _e · ... ~:.. t..t! :!..:: s .... ' the ..\."'!"l~:-!.c .. -t.:-1 \1-1 ~: :!.v :i 5 ~·:1 -_·./. 5 . ~t3~ on :c:!:~:t_:t t J :i~e -'= Fav :::: l.dl!t.:.o nal ~ r::'!."J .-i ·,.; tc:~. c~:7:n::·~.j ::: 3c ·-:~_.!an ... _ "-11th t.he : .... '!.~~· -='~ i:;1°;:. .\JJ ~':'.. .. 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J -.: ;J _ ~.:;-l ". ···"?.t.:· "1 .!3 -:i! .... 4: i (:~S :1.•.)':. :oj("": :~-= 33 J (I ~ '4J"" ;)·.:-:--~;.t ~-::"i~ :.: ... ...;:J ':~,j '::: -;.J.~I : 0 )': ":..~•_? -~ -= :"': :.-~ J.11(·_•,: .'. > .. :"' \' ... -':''..\~ ~ .. : .• '.·3 N~4::~· \=-:: . . . , "-: <'-'~, ~ . : J ·" ~ : _.,~ ": -:"' :w~ ) : "7..':C !V j .:~: ·.: ~1 i .: ·" ..... _-::1 -1 ..!:.> ~·J .··.' ..:.:. ·~ ... ·.(:: ~}:: .. · ."<.".:!:->3 ... .: ~\,,··) i ·;r~ .. _"'::' ... ) .J \,;1:.. : .... ·.; ~ .. · :: .. ; V•l ::: · . .1 '.> "IJt:;-: :_·!.:I _:.:::·~·:'~ >~ '\.-:":._:•: 'I;:;-. -:·;-J; I .'1.··.-: .... ~;--~--:ci ..:.~: ... _ ... .J_ ,:5 ·=-: _ _:~ .; J • •• : :.:-:.1._·:-·. >.'•-:•: J ··..: 11. : .. l ...... _' 1.;.:.~·-:1_• :: :~ ..!~.!.!..·:~:..!.:'~'! 1 .)~ --: h -._. ..... ·': :"J :. J : 'i1 :.: .... .1.: -~-!-5 .":'f•::.: ~·~'-·:-: -,~-!= ... !1 :' :'·: 'i•.·.·:'./ -·~ • • I so e s ta ished nd agreed, Additio nal Surp lu s Water eemed Unschedu l ed Water fo r all purposes u nder this , inc ding deli v ery schedules , pu rchase price and livery. 6.6 Mi ss ion Option to Purchase Extra Water. Mission sha have the option to purchase any water of Englewood in excess of the then needs and requirements of the City of Eng ewood nd its inhabitants wh enev er such water is available . he p rchase price for s uch Extra Water shall be SS O per acre f oo which purchase price shall be subj ect to ad justment as n h e cas e o f the purchase prices of other water furnished nde r this Agreement. 'I I I . MI SC EL ANE OUS OTHER AGREEMENTS . . 1 Easem ents f o r Mission Tr ansmission Facilities. Eng ewood agrees to grant to Mis sion, without charge to ssi n, non -xc u siv e easements over, under and across any p o per y own e o r controlled b y Englewood for the construction , o per t ma:~t e ance , repair and re p l a c ement of water ~t ke c r es , ines nd faciliti es which are necessary o r es r b e :or the tr ansmissio n o f water to be furnished n r h reemen from the points of d elivery of such w ter to any water treatment plant o r treatment plants serving H1 h ands Ranch . such intake structures , lines and facilities ay be overs zed and used for other water in addition to the t r to be furnished here under . Such easements shall be ran ted n sp cific instruments, to be executed prior to the me of commen cement of construction of any such intake structures , ines o r fac ilit 'es. The easements to be granted h reunde r sha l inc ude an easement over , across and under property now owned by Englewood on which is located McLellan Rese rve r , property now owned by En g l ewood located south of Coun y L n e Road and prope rty and property or easements owned • En lewood from Ch atfie ld Darn and from Englewood's Union v en e Pump Station to McLe ll an Reservoi r . The easements to be gr nte h ere under shall be located so as to maximize the abi y o Eng woo to use the property for other purposes to the exten reasonably possible without increasing the cos s of c onstruc tion , operation, maintenance, repair or repl a e ent o f the facilit ies to be instal led therein. Eng woo d Op ion to Pa rticipate in Transmission If M ssion dee des to install facilities for the o water fr om Ch atf 'eld Dam or from Englewood's e Pump S ation to McLellan Rese rvoir , Eng l ew oo d h opt on to partici pate in such facilities in nee w t;h he fol owing prov isions. iss on sha l , prior to preparation of final plans a nd s pec 'f1cations for such f c1li ty or faciliti es , provide e wood wi h o nceptual informa tion concerning the estimated on and o peration of the facility. r ec ei t o f s ch conceptual in formation, notice o Mission in writing as to eres ed in p..articipating in the d o es no t give such notic e to Missi on , o o f r he rights her eunder to partici - E ewood g1v s no ce that it desires to parti- c ate in t h e faci i y, Englewo o d a nd Mission shall seek to re a ch agre en as to t he es i gn of t h e facility to acconunodate ·s e by bo 2ng ewood and Mis s i o n and the terms of Englewood's p art1cipat on n he fac1li y. If no agreement can be reached o En Mi ss 1 0 w1 hi n 12 0 days after Englewood's Eng l ~w oo 's d s i re to participate in the 0 n 3 ~rl l t tre-o pro c e d with the f aci lity :;! -l ~ ·1 ~ n ~ r her ri hts hereunde r wi til -0 - • • I • p ic p tes n any f cility, Englewood na e 3hare o the cos ts an exp enses sed on the rel ation of the capacity o f the d by Engl wo o d to he Lotal cap ci ty of the nd expense s o be shared b y Eng lewood shall a 1 costs and expens s inc uding d e si gn, construction, nd f nancing cos s. If Englewood d esires t o partici- n a fac1 i y but does not then have fu nds available fro 11ssion •n er th s Ag eement to finance its propo rtionate sh re f the cos ts and ex_enses of the facility, Mis sion and ::·ear. se the i r best efforts to estab lish an h Missi on will construct the faci lity at a cos and expen se , with Englewood repaying wood's propor ionate share o f costs and fa c i y , together with i nterest thereon a t ing in ter est rates , out of sums received by his Agreement in excess of $100,000.00 per .3 Restric io ns on Use Ou t side Hi2hlands Ranch. 7 h e Annual Amount oi Water delivered under this Agreement w 1 be used o n y on Highlands Ranch and will not be sold to 's rs o tsi e o f Highlands Ranch wi thout the written consent f Sng ewood. For p u rposes of this Agreement, Highlands Ranch sha inc ude any lands which may hereafter be acquired by ~ission and deve lo ped by Missio n as part of its Highlands ~anch p OJ ect . Jission shall have the right to sell or f rnish water nder this Agreement to any one or more Water and Sani tati on Districts or other entities serving all or any portion o f Highlands Ranch and sh all have the right to assiqn his Agre e men in whole but not in part to any Water and s nita tion District or other entity serving all or any portion o Highlands Ranch . Mission shall have the right to sell or rnish any Additional Surplus Wat er purchased under this Agreement to any party o r user . . 4 Mission Rights to Us e Other Water. Subject to the o bligations herein to take or pay for water to be furnished h ereunder , Mission sh all have the full right and authority to se, manage nd util 'ze ny and all other water or water l h s own d, con tra led or acquire d by Mi ssion. I I. MISCELLANEOUS. 8. s bm1t al to Denver Wat er Board. It is acknowl- edged by the par ies nereto that Paragraph 14 of a Modification of ater Exchan e Agreemen dated September 2, 1969 between En wood , t he Board of Water Commissi oners of the City and _oun y of Denv er ("Denve r Water Board") and other par ties, pro·J1 es: 14 . E~glewood agrees that it will not , a: er he ate u oon ~hi ch this instrument becomes opera lVe , irec i y or i d i rectly, s e ll water for om est c o r munici,,al se, o r pro vide do mestic or municipa wa er service , ou side its municipa l bo nda :es o ny pers o n o r entity for any area not c rre :_y rece ~:ng suc h wa er o r water s e rvice n ss a p~i ~ :io n th r _ o r s ha l l have first been ~ad e t o he 3 o a d and ~ eas: A. h Board finds that it is not a~le o provide water or water servi ce for s ch area wi hin a reasonable time af ter rece :pt 0 f he ap l1cat1on , with the result h a _ he Bo e c r~o to ccept the a ppli- c a ion, or B. Th~ Bo ard finds that it is a ble to r ov ae sucn w~~e r o r water servic e . c u t !or ~:. _ :~ sona ec ines t o accep t the :ii) ~.:.·:::i:: n . -.- • • I • a.2 If either party shall f l o ~eep any agreement o n its part to be kept nd per .o r:ned t o the terms and provisions of this Agre .ent and par y g v es wr tten notice specifying the p r c u ar efa t or efa l ts. the party i n default h a have s ch t me as provi d d in s aid no t ice, wh ich period of me sh a .n n o even be e ss th n 90 days, in which to corre c t suc h ~ef u lt or de u t s. f ilure to ~orrect such efa t with n h e spe c if1 i me p r1od allowed, may result n h e te rm nat on of this Agre eme n t by the party not in efa t p o n the 91v1ng o bO ays written not1ce to the party in defau t . Waiver o r fa l ure to give notice o f a p art1 cu ar efault or defau l ts , shall not be c o nstrued as condo ning any continuing o r s ubsequent defa l ~. If either party shou d c o n est any act io n pursua nt to this Section in co rt , this Agreement sha r emain in effect pending a deter- .1 a tion by h e c ourt in sa1 action. 8 .3 Notices . Etc . All notic es , consents or other ents or commun1cat o ns prov ided for under this Agreement n writing, signed b y the party giving the same, and emed proper ly give n a nd received when actually v n nd received o r thre e bus iness days after mailed, if sent b y registered or certified Unite d States mail, postage pre p a d, addressed to a par y at its address set forth at the begin i n g o f this Agreement or at such other address as such par y ma y d esignate by written notice to the other party . 8 .4 S ccessors and As s i gns . The te rms "Mission" nd "Engl ewood" s s ed i n h s Agreement shall each include successors and assigns. 0 e B d i ng E fee . The terms and provi si ons of hall be b nding u pon and inure to the benefit ::ngl ewood . . 8.6 No Th i rd Par y Be n f ici ar i es. None of the ons of his Agr eeme n t hall be deemed to be of ny p erson o r p arty o ther than Mission and 8 .7 En r e Agre emen . -· en re nderstan i ng e ween ~ne sub]ec t ma e r her e of and Thi s Agreement constitutes the part i es with respect to pri ~r agre e men ts or under- he re 1 n. an ings sha be deeme d m r g .o r ep r e s e n tation s , warr ant i es or c ert i f ications, xp r ess o r mp i d , s hal ex is as b e ween the parties except as s a ed here n. 8 .8 •O . f1 c a ions ln Writ ing. wa v ers. o r modi f c ons hereof s nall be have e n ma e n wr i in e x e cuted co n t.hereoy . No a mendment s, mad e o r deemed to by the party to be 8. s v 1 b1ll t v. r t a n y provisio n of this Agree- '!!r.: st-.;;:: b e ::-;·;a :_a, ::Tega.i. o :: u nenfo rceable it shal l nol.. -12 - • • I • 3 _c o r im ir h n orc P il 'ty o i ny o he r prov1si o n s -Jt !!\t All ••'n11 •nt 8.10 Tim e No t o f the Esse nce. Time s hall not be of w1 h resp c t•tform n ee r quired under t his e. nt rpre ed o Colora o. Applica b le Law . This Agr eement sha ll be n enforced a ccording to the laws of the State 8 . Headings and Caotions for Convenience . All eadin s an c aptions sed in th1s Agreement are for conven - ence o n y and are o f no meaning in the interpretati o n o r e.fec o f this Agreemen t . IN WITNESS WH ERE OF, t his Agr eem ent i s executed as o f t.~e ay and ye r first above wri tten . SS C £ 0 COMPANY , a By: o r~ a co rp oration ?resident , Co o rado o ·v1sion CI TY OF ENGLE WOOD, a municipal corp oration Attest City c erk This Agreement was approved by Ordinance No. Ser ie s o f 1980, adop ed by the Ci y Co unc i l of the City--or- Eng e wo od on , 19 80 . Ci y Cl erk o f the · ity o En glewood -3 - • • I • EXHIBIT B TO WA TE R SUPPLY AGREEMENT (Eng l ew ood -Hi ghlands Ranch) ::: enda r Ye a r l JIN MUM PURCHA SE SCHEDULE Minimum AF to "Ta ke or Pay" 50 0AF 7 5 0AF l ,O OOAF l ,2 5 0 AF l ,500 AF 2 ,000 AF 2 ,5 00 AF 3,00 0AF 4 ,0 00 AF 5 ,0 00 AF Minimum Annual Payment s 100,000 150,000 200,000 250,000 300,000 35 0 ,000 400,000 450,000 55 0,0 0 0 650 ,000 Not 1 : Pr ice is 5200 per Acre Foot for up to 50 0 Ac re Fee t p r ovi ded wa t e r is made available in accordance w th Mo nthl y De ivery Sc hedule . Tab l e assumes such availability u p to 500 Ac re Feet. No te 2: o water a va a b e . b e i n r.ing i n 9 8 6 . Pr ice i s 5100 per Acre Foot for balance Tab le assumes avai l ability of balance Note 3 : Agreeme nt p r o vides for adjustment of prices b e ginni n g i n 1 98 6 and e ach 5th year thereafter. Table o es not ref ect ad j ustmen t~ wh i c h may be made in prices. • • I • January February Ma rch April May June July Auc;ust Septembe r October November Dec ember Totals EXHIBI T A TO WATER SUPPL Y AGREEMENT (Engl ew ood -Highlands Ranch) MONTHL Y DELI VERY SCHEDULE % of Water to be Delivered 5% 5% So/ ,o 5% 9% 14~' 16% 1 5% 10% 6 0/ /o 5% -3 1 0 0 % % x 1500 AF 75AF 75AF 75AF 7 5AF l35AF 210AF 240AF 225AF l 50AF 90AF 75AF ' 7 5AF 1500AF