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HomeMy WebLinkAbout20091753.tiffRESOLUTION RE: APPROVE WATER EXCHANGE AGREEMENT AND AUTHORIZE CHAIR TO SIGN WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, the Board has been presented with a Water Exchange Agreement among the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, on behalf of the Department of Public Works, the Lower Poudre Augmentation Company, and the New Cache La Poudre Irrigating Company, commencing upon full execution, with further terms and conditions being as stated in said agreement, and WHEREAS, after review, the Board deems it advisable to approve said agreement, a copy of which is attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Water Exchange Agreement among the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, on behalf of the Department of Public Works, the Lower Poudre Augmentation Company, and the New Cache La Poudre Irrigating Company be, and hereby is, approved. BE IT FURTHER RESOLVED by the Board that the Chair be, and hereby is, authorized to sign said agreement. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 29th day of July, A.D., 2009. BOARD OF C UNTY COMMISSIONERS WELD OU OLORADO ATTEST: Weld County Clerk to the BYK De APP0i7,S ounty Attorney Date of signature 3I 1 illiam F. Garcia, Chair r D.uglas adema-her, Pro-Tem EXCUSED Se gry P. Conway a Kirkmeyer David E. Long 0 't.,0 ck,i�� oa jo&, (07 2009-1753 EG0060 a A rig O COLORADO MEMORANDUM TO: Esther Gesick, Clerk to the Board DATE: July 24, 2009 FROM: Clay Kimmi, P.E., C.F.M., Public Works SUBJECT: Water Agreement between the New Cache Ditch Company and Weld County for the Briggsdale Dust Control Well The attached agreement needs to be placed on the BOCC Agenda for a 9 am hearing at the earliest possible convenience. The agreement is between the New Cache Ditch Company and Weld County for the proposed Briggsdale Dust Control Well. As the BOCC is aware, Public Works is proposing to construct a well at our Briggsdale grader station which will be used for dust control, construction, and emergency response. State Water law dictates that Weld County must replace our pumping depletions to Crow Creek. Since Weld County does not own any water rights on Crow Creek, we had to find an entity with the ability to replace our depletions on Crow Creek. The New Cache Ditch Company has that ability. Public Works, our water rights engineer, and our water rights attorney worked with the New Cache Ditch Company, their attorney, and the City of Greeley to write an agreement which would allow us to replace the depletions and construct the well. Basically the agreement is a water trade between the County and New Cache. In the agreement, we agree to provide New Cache with 30 ac -ft of our Greeley Effluent Lease Water in exchange for 15 ac -ft of their augmentation water. The 2 to 1 ratio is their standard ratio for doing trades of this nature. The attached agreement must be signed by the Chairman of the Board before we can submit our substitute water supply plan and well permit to the State Engineer's Office for approval. I will plan on attending the BOCC hearing to answer any questions that the Board may have regarding this agreement and/or the proposed Briggsdale well. Page I of I M CI.NWalor Right:a RI iggsdale Waif. BOCC Hearing Memo. doe 2009-1753 775 WATER EXCHANGE AGREEMENT 4.4 THIS WATER EXCHANGE AGREEMENT ("Agreement") is entered into"l'�/ day of 'J u ly , 2009, by and between the Lower Poudre Augmentation Company ("Company"), the New Cache La Poudre Irrigating Company and Weld County, Colorado ("County"), a body corporate and public (collectively the "Parties"). RECITALS A. Company owns or has the legal right to use water and water rights that can be directly delivered to Crow Creek, a tributary of the South Platte River, or delivered to recharge facilities that the Company owns or has the right to use that can generate recharge credits that accrue to Crow Creek (herein the water and recharge credits deliverable to Crow Creek shall be collectively referred to as the "Company Water"). B. County has a need to replace depletions to Crow Creek caused by the pumping of a well located in the NW1/4 of the NW1/4, Section 28, Township 8 North, Range 62 West of the 6th P.M. at a distance of 900 feet from the west section line and 350 feet from the north section line ("Briggsdale Well"). C. County leases from the City of Greeley 300 acre feet per year of fully consumable water decreed for beneficial use(s) that include augmentation use and that is discharged to the Cache La Poudre River by the City of Greeley pursuant to a lease between the City of Greeley and County dated November 10, 2004 ("Lease Water"). Pursuant to paragraph 1.9 of the Greeley Lease, County has the right to assign its rights under the Greeley Lease with the written consent of the City of Greeley. D. Through this Exchange Agreement the Parties desire to exchange a portion of their water sources with one another, as more fully set forth herein. NOW THEREFORE, for and in consideration of the mutual covenants and agreements stated in the Recitals (which are incorporated herein) and as hereinafter set forth and the mutual benefits to the Parties to be derived here from, it is hereby agreed as follows: ARTICLE I PLAN OF EXCHANGE 1.1 The Exchange of Greeley Effluent Lease Water. (a) Source of the Lease Water: County hereby perpetually leases and assigns to Company 30 acre-feet per year of the Greeley Effluent Lease Water. (b) Location for Delivery of the Greeley Effluent Lease Water: County agrees to provide the Greeley Effluent Lease Water immediately below the outfall 1111111 11111111111111111111111111 111111III 1111111111111 3641775 08110/20(19 04:39P Weld County, CO 1 of 11 R 0.00 0 0.00 Steve Moreno Clerk & Recorder �'C % /7S' of Greeley's existing wastewater treatment plant located on the south bank of the lower Cache la Poudre River in the SW1/4 of the SW1/4 of Section 4, Township 5 North, Range 65 West of the 6th P.M. (c) Schedule for Delivery of the Greeley Effluent Lease Water: County agrees to provide the Greeley Effluent Lease Water pursuant to the schedule that Company provides. By November 1 of each calendar year following execution of this Agreement, the County shall provide the Company a 12 -month schedule specifying the anticipated pumping requirements. By November 15 of each calendar year following execution of this Agreement, Company shall submit a 12 - month schedule to County specifying the anticipated monthly Lease Water delivery requirements for the upcoming calendar year. In no event shall the schedule provide for delivery of more than 7.5 acre-feet in any one month without the express written approval of County. To the extent that specified deliveries for any year total less than 30 acre-feet, County reserves the right to use the balance of the unrequested Greeley Effluent Lease Water for its own purposes during such year. County shall be responsible for providing water to Company in accordance with the 12 -month schedule provided (d) Use of the Water. Company intends to use this water as a source of augmentation water in its plan for augmentation currently pending before the District Court, Water Division No. 1 ("Water Court") in Case No. 04CW025 ("LPAC Plan"). To this end, upon execution of this Agreement, Company intends to amend its pending application in Case No. 04CW025 to include the Lease Water as a source of water in the LPAC Plan. County shall be responsible for obtaining any necessary permission or consent from Greeley for Company to use the Greeley Effluent Leased Water as contemplated. 1.2 The Exchange of the Company Water. (a) Source of the Company Water: Company hereby perpetually leases and assigns to County up to 15 acre-feet per year of Company Water limited to a maximum of up to 7.5 acre-feet per month. (b) Location for Delivery of Company Water: Company agrees to provide Company Water either directly or via recharge accretions to Crow Creek. For water delivered directly to Crow Creek, water shall be delivered at the point where the New Cache La Poudre Irrigating Company (a/k/a No. 2 Canal) crosses Crow Creek in the SW1/4 of the NW1/4 of Section 16, Township 6 North, Range 63 West of the 6th P.M. For water delivered by alluvial recharge, the water must accrue to Crow Creek at a point above or upstream of the most upstream water right that must be satisfied to prevent injury as a result of the pumping of the Briggsdale Well. (c) Schedule for Delivery of Company Water: Company agrees to provide Company Water pursuant to the schedule County provides. By 11111111111111111 IIII 11111111111111111 2 3641775 08/10/2009 04:39? Weld County, CO 2 of 11 R 0.00 0 0.00 Steve Moreno Clerk & Recorder November 1 of each calendar year (January 1 through December 31) following execution of this Agreement, County shall submit a 12 -month schedule to Company specifying the monthly replacement requirements for the upcoming calendar year. In no event shall the schedule provide for delivery of more than 7.5 acre-feet in any one month without the express written approval of Company. To the extent that specified deliveries for any calendar year total less than 15 acre-feet, Company reserves the right to use the balance of the unrequested Company Water for its own purposes during such calendar year. Company shall be responsible for providing water to County in accordance with the 12 -month schedule provided but the Parties shall endeavor to be flexible and accommodate modifications requested by the other party when possible. (d) Use of the Water. County shall use Company Water for augmentation and replacement purposes only. Company Water is not currently legally useable as an augmentation supply for the Briggsdale Well or other County purposes. County is responsible for making Company Water legally suitable for its intended purposes. This is likely to necessitate that Company Water be named as a source of supply in an augmentation plan filed by County. County agrees that Company may file opposition in any such case filed by County for the purposes of assuring that the terms and conditions of this Agreement are maintained and Company's water rights are protected. 1.3 County's Obligation to Deliver Lease Water. County's obligation to deliver Lease Water under this Agreement is perpetual. In the event County is unable in any given year to provide Greeley Effluent Lease Water as contemplated in paragraph 1.1.c. above, Company's obligation to deliver Company Water pursuant to the schedule contemplated in paragraph 1.2.c. above, shall likewise cease. 1.4 Responsibilities of Parties for Implementing the Exchange. The Parties agree to communicate and coordinate all operational activities necessary to effectuate the intent of this Agreement including: (a) The maintenance of the necessary accounting to operate this Agreement, both water accounting and financial accounting. (b) The installation and improvement of structures contemplated in the Agreement. In particular, County agrees to pay the New Cache La Poudre Irrigating Company $7500.00 to assist with the installation of a measuring structure to allow the measurement of water delivered directly to Crow Creek. 1.5 Company's Obligation to Deliver Company Water. Company's obligation to deliver Company Water under this Agreement is perpetual. Company anticipates having ample water supplies available each year to supply Company Water. In the unlikely event that that Company projects that it will not have sufficient water supplies in any given year to provide to County the Company Water that year, Company shall notify County of the same and use its best effort to obtain additional supplies to meet said 111111111111111111 IIII 11111111111111111 III 111111111 till 3 3641775 08/10/2009 04:39P Weld County, CO 3 of 11 R 0.00 I0 0.00 Steve Moreno Clerk & Recorder obligations. Company may, however, in the event that despite said efforts factor beyond the reasonable control prevents or delays the Company ability to obtain and/or deliver Company Water, limit or curtail delivery of Company Water. In the event that Company is unable in any given year to provide Company Water as contemplated in paragraph 1.1.c., above, County's obligation to deliver Greeley Effluent Lease Water pursuant to the schedule contemplated in paragraph 1.2.c., above, shall likewise cease. ARTICLE II REPRESENTATIONS AND WARRANTIES OF COUNTY As an inducement to enter into this Agreement and to consummate the transactions contemplated hereby, and to obtain the reliance of Company, County represents and warrants to Company as follows: 2.1 Adequacy of Greeley Effluent Lease Water. County warrants that the Greeley Effluent Lease Water will be fully consumable water decreed for beneficial use(s) including augmentation use. 2.2 Organization. County is a Colorado body corporate and public. 2.3 Authorization; Enforceability. The execution, delivery and performance of this Agreement by County and all other agreements to be executed, delivered and performed by County pursuant to this Agreement (collectively, the "County Exchange Documents") and the consummation by County of the transactions contemplated hereby and thereby have been duly authorized by all requisite action on the part of County. This Agreement and the County Exchange Documents have been duly executed and delivered by County and constitute the legal, valid and binding obligation of County, enforceable in accordance with their respective terms, except to the extent that their enforcement is limited by bankruptcy, insolvency, reorganization or other laws relating to or affecting the enforcement of creditors' rights generally and by general principles of equity. 2.4 No Violation or Conflict. The execution and delivery of this Agreement (I) does not, and the consummation of the transactions contemplated by this Agreement in accordance with the terms hereof will not, violate any provision of Colorado State Law and (ii) will not result in the breach of any term or provision of, or constitute an event of default under, any material indenture, mortgage, deed of trust, or other material contract, agreement, or instrument to which County is party or to which any of their properties or operations are subject, other than instruments or agreements as to which consent shall have been obtained at or prior to the Closing. 2.5 Party is a Governmental Entity. This Agreement is entered into pursuant to sections 29-1-201 through 203, C.R.S. County is a political subdivision of the State of Colorado within the meaning of section 29-1-202(2), C.R.S., and therefore is a government within the meaning of section 29-1-202(1). 1 11 1111 11111 111111 1111 111111 11111 111111 111 11111 1111 11 11 3641775 08/10/2009 04:39P Weld County, CO 4 of 11 R 0.00 ID 0.00 Steve Moreno Clerk & Recorder 4 2.6 Appropriation of Funds by County. Any and all financial obligations of County under this Agreement are expressly subject to appropriation of funds by the Board of County Commissioners. In the event funds are not appropriated in whole or in part sufficient for performance of County's obligations under this Agreement, or appropriated funds may not be expended due to County spending limitations, then all rights and obligations of County under this Agreement shall terminate, and County shall thereafter have no liability for compensation or damages to Company. County shall notify Company as soon as reasonably practicable in the event of non -appropriation or in the event a spending limitation becomes applicable. 2.7 Absence of Certain Changes or Events. As of the date of execution of this Agreement, County has not made or permitted any amendment or termination of its Greeley Lease. 2.8 Title and Related Matters. County has a valid leasehold interest in the Lease Water. 2.9 Litigation and Proceedings. Regarding County's lease of Lease Water, there are no actions, suits, proceedings, or investigations pending or, to the knowledge of County, threatened in writing by or against County, or affecting County, at law or in equity, before any court or other governmental agency or instrumentality, domestic or foreign, or before any arbitrator of any kind. 2.10 Contracts. (a) Attached hereto as Exhibit 1 is County's November 10, 2004, lease with the City of Greeley, Colorado, regarding the Greeley Effluent Lease Water (the "Lease"); (b) the Lease is valid and enforceable by County in all respects; (c) to its knowledge, County is not in default in any material respect under the terms of the Lease. 2.11 Compliance With Laws and Regulations. To its knowledge, County: (i) has complied with all applicable statutes and regulations, and (ii) is not in any default on its part with respect to the Lease and has no knowledge of any circumstances which, after reasonable investigation, would result in the discovery of such a default. 2.12 Approval of Agreement. County's Board of County Commissioners has authorized the execution and delivery of this Agreement by County and has approved this Agreement and the transactions contemplated hereby. 1111111 11111 111111IIII 11111111111111111 III 11111 IIII 1111 3641775 08/10/2009 04:39P Weld County, CO 5 of 11 R 0.00 ID 0.00 Steve Moreno Clerk & Recorder 5 ARTICLE III REPRESENTATIONS AND WARRANTIES OF COMPANY As an inducement to, and to obtain the reliance of County, Company represents and warrants to County as follows: 3.1 Company Water is Fully Consumable. Company warrants that the Company Water is or will be delivered as fully consumable water decreed for beneficial use including augmentation as that phrase is interpreted by Colorado law. 3.2 Organization. Company is a nonprofit Corporation that owns, manages, operates and/or has the right to recharge credits and recharge facilities that generate credits to Crow Creek. Company owns, will own or will have to legal right to use, 100% of the Company Water. Company has the power and is duly authorized, qualified, franchised, and licensed under all applicable laws, regulations, ordinances, and orders of public authorities to own all of its properties and assets and to carry on its business in all material respects as it is now being conducted. 3.3 Authorization; Enforceability. The execution, delivery and performance of this Agreement by Company and the Exchange Documents to be executed, delivered and performed by Company pursuant to this Agreement and the consummation by Company of the transactions contemplated hereby and thereby, have been duly authorized by all requisite action on the part of Company. This Agreement and the Company Exchange Documents have been duly executed and delivered by Company and constitute the legal, valid and binding obligation of Company, enforceable in accordance with their respective terms, except to the extent that their enforcement is limited by bankruptcy, insolvency, reorganization or other laws relating to or affecting the enforcement of creditors' rights generally and by general principles of equity. 3.4 Consents of Governmental Authorities and Others. Except as otherwise stated herein, to the knowledge of Company, no consent, approval, order or authorization of, or registration, declaration, qualification or filing with any federal, state or local governmental or regulatory authority, or any other person, is required to be made by Company in connection with the execution, delivery or performance of this Agreement by Company or the consummation by Company of the transactions contemplated hereby, excluding the execution, delivery and performance of this Agreement by County. 3.5 Compliance With Laws and Regulations. To its knowledge, Company: (i) has complied with all applicable statutes and regulations, and (ii) is not in any default on its part with respect to the decreed Company Water and has no knowledge of any circumstances which, after reasonable investigation, would result in the discovery of such a default. 3.6 Approval of Agreement. The undersigned is an agent for Company and is duly authorized to s'gn this Agreement and bind the Company. 1111111 11111 111111 HMI 11111 DIN III 111111111 IIII 3641775 08/10/2009 04:39P Weld County, CO 6 6 of 11 R 0.00 ID 0.00 Steve Moreno Clerk & Recorder ARTICLE IV MISCELLANEOUS 4.1 Governing Law, Venue. This Agreement and its application shall be construed in accordance with the laws of the State of Colorado. The Parties agree that venue for any litigated dispute regarding this Agreement shall be the District Court in and for Weld County Colorado, unless any such issues are water matters as defined by C.R.S. § 37-92-203, for which the Parties agree that jurisdiction and venue for any litigated disputes shall be in the District Court, Water Division No. 1. 4.2 Headings for Convenience Only. Paragraph headings and titles contained herein are intended for convenience and reference of the Parties only and are not intended to define, limit or describe the scope or intent of any provision of this Agreement. 4.3 Notices. Any notice required or permitted to be given hereunder shall be in writing and shall be deemed given when delivered personally or sent by certified or registered mail, return receipt requested, postage prepaid, addressed as follows: If to County, to: With a copy to: If to Company: Board of County Commissioners 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 County Attorney 915 10th Street, P.O. Box 758 Greeley, Colorado 80632 Lower Poudre Augmentation Company P O Box 104 Lucerne, Colorado 80646 The Parties may change the foregoing contacts or addresses by written notice to the other Parties. 4.4 Assignment of Exchange Rights: The Parties may not assign their rights or delegate their duties hereunder without the prior written consent of the other Parties. The Parties may not sublease their rights under this Agreement without the prior written consent of the other Parties. However, to the extent that the waters leased herein generate excess credits in the Parties' augmentation plans, said credits may be disposed of in accordance with the terms and conditions of said plans. 4.5 Entire Agreement; Incorporation. This Agreement represents the entire agreement of the Parties, and supersedes any other prior agreements and understandings of any type, both written and oral, among the Parties with respect to the L'4'JL"r(L" 04:39P Weld County, CO 7 of 11 R 0.00 ID 0.00 Steve Moreno Clerk & Recorder subject matter hereof. 4.6 Multiple Originals. This Agreement may be executed in any number of counterparts, each of which shall be deemed original, and all of which constitute one and the same agreement. 4.7 Waiver or Breach. No waiver or breach of any of the provisions of this Agreement by any of the Parties shall constitute a continuing waiver of any subsequent breach by said party, whether of the same or any other provision of this Agreement. 4.8 Definitions and Interpretations. Except as otherwise provided herein, nouns, pronouns and variations thereof shall be deemed to refer to the singular or plural, and masculine or feminine, as the context may require. Any reference to a policy, procedure, law, regulation, rule or document shall mean such policy, procedure, law, regulation, rule or document as it may be amended from time to time. 4.9 Non-Severability and Effect of Invalidity. Each paragraph of this Agreement is interdependent with the others and is not severable unless by mutual consent of the Parties. 4.10 Joint Draft. The Parties agree they drafted this Agreement jointly with each having the advice of legal counsel and an opportunity to contribute to its content. Therefore, this Agreement shall not be construed for or against any party on the basis of authorship. 4.11 Intent of Agreement. This Agreement is intended to describe the rights and responsibilities of and between the Parties and is not intended to, and shall not be deemed to, confer rights upon or to benefit any persons or entities not signatories hereto, nor to limit, impair, or enlarge in any way the powers, regulatory authority, or responsibilities of any party or any other governmental entity not a party hereto. 4.12 Specific Performance Available. In the event of litigation, mediation, arbitration or other dispute resolution process concerning this Agreement, the remedy of specific performance will be available to the Parties. 4.13 Complete Agreement. This Agreement represents the complete agreement of the Parties and no oral modification shall be recognized. Any amendments or additions shall be made in writing signed by the Parties. 4.14 Force Maleure. The Parties shall not be considered to be in default in performance of any obligation hereunder, nor liable for damages therefor, for such periods of time that failure of performance shall be due to uncontrollable forces. The term "uncontrollable forces" means any cause beyond the control of the Party affected, including, but not limited to, embargoes, epidemics, major failure of facilities, flood, earthquake, stork, fire, volcanic action, nuclear accident, terrorist acts, war, riot, civil disturbance, labor disturbance, work stoppages, sabotage, and restraint by court order 111111111111111111 IIII 11111111111111111 III 8 3641775 08/10/2009 04:39P Weld County, CO 8 of 11 R 0.00 ID 0.00 Steve Moreno Clerk & Recorder or public authority clothed with authority to regulate matters pertaining to water, public health or pollution control which, by exercise of due foresight, such Party could not reasonably have been expected to avoid and which, by exercise of due diligence, it shall be unable to overcome. None of the Parties, however, shall be relieved of liability for failure of performance if such failure were due to causes arising from its own negligence or causes, which it fails to remove or remedy with reasonable dispatch. 4.15 Default. If any Party fails or refuses to perform according to the terms of this Agreement, such Party may be declared in default. Such declaration of default must be made in writing. If a Party has been declared in default of this Agreement, such defaulting Party shall be allowed a period of 60 days within which to cure the default. If the default remains uncorrected, the Party declaring the default may elect to: (a) terminate this Agreement and seek damages; (b) treat this Agreement as continuing and seek specific performance; or (c) pursue any other remedy at law or equity. 4.16 Costs of Company. County agrees to reimburse Company for Company's actual costs and expenses, including attorney's fees, in negotiating this Agreement. 4.17 Third Party Beneficiaries. This contract is solely between the Parties and, except as specifically provided, no director, officer, stockholder, member, employee, agent, independent contractor, or any other person or entity shall be deemed to be a third party beneficiary of this Agreement. 4.18 Recording. Any Party may record this Agreement in the office of the Clerk and Recorder of Weld County, Colorado, and may disclose and utilize this Agreement in any Water Court proceeding. 4.19 Binding Agreement. This Agreement binds and benefits the Parties and their respective survivors, heirs, successors, and assigns. 4.20 Indemnification of Company. County shall indemnify and hold the Company, its successors, assigns, directors, and shareholders, harmless from any and all losses, damages and expenses, including attorneys' fees arising in connection with the exercise by County of its rights pursuant to this Agreement, including, but not limited to, any personal injuries, deaths, property damage, mechanic's liens or other claims and causes of action of any kind arising out of County's use of the water, except to the extent caused by the negligence or intentional misconduct of the Company or its shareholders, employees or directors. Further, the County shall indemnify and hold the Company, its successors, assigns, directors and shareholders, harmless from any claims, causes of action, losses, damages and expenses, including attorneys' fees, related to a curtailment of the pumping of County's wells because of the Company's inability to provide Company Water to the County due to factors beyond the reasonable control of the Company that prevent or delay the Company's ability to obtain and/or deliver the Company Water to the County, except to the extent caused by the negligence or intentional misconduct of the Company or its shareholders, employees or directors. 111111111111111111111111111111111111111 III 11111 IIII IIII 9 3641775 08/10/2009 04:39P Weld County, CO 9 of 11 R 0.00 ID 0.00 Steve Moreno Clerk & Recorder 4.21 Indemnification of County. Company shall indemnify and hold the County, its successors, assigns, directors, and shareholders harmless from any and all losses, damages and expenses, including attorneys' fees arising in connection with the exercise by Company of its rights pursuant to this Agreement, including, but not limited to, any personal injuries, deaths, property damage, mechanic's liens or other claims and causes of action of any kind arising out of Company's use of the water, except to the extent caused by the negligence or intentional misconduct of the County or its shareholders, employees or directors. Further, the Company shall indemnify and hold the County, its successors, assigns, directors and shareholders, harmless from any claims, causes of action, losses, damages and expenses, including attorneys' fees, related to a curtailment of the pumping of Company's wells because of the County's inability to provide Greeley Effluent Lease Water to the Company due to factors beyond the reasonable control of the County that prevent or delay the County's ability to obtain and/or deliver the Greeley Effluent Lease Water to the Company, except to the extent caused by the negligence or intentional misconduct of the County or its shareholders, employees or directors. ARTICLE V TERMINATION 5.1 Termination. (a) The term of this Agreement shall be perpetual. (b) However, in the event that any of the Parties wishes to terminate this Agreement, that Party may do so by providing the other party written notice of its intent to terminate. Such notice of intent shall be deemed effective after ninety (90) days have elapsed after it was given, at which point this Agreement shall terminate after all Parties have completed performance on the then operative delivery schedules described in paragraphs 1.1.c and 1.2.c, above. 1111111 11111 111111 1111 MINH III 1111111111111 3641775 08/10/2009 04:39P Weld County, CO 10 of 11 R 0.00 D 0.00 Steve Moreno Clerk & Recorder 10 IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their respective officers, hereunto duly authorized, as of the date first above -written. COUNTYO, F W D By ((/�/ ATTEST: (Seal) BY: Wi Deputy Clerk -/to the William F. Garcia, Chair JUL 2 9 2009 1 'LOWER LA POUDRE AUGMENTATION -`COMPANY ATTEST: 1111111 11111111111111111111111111 IIIIII III IIIIII III IIll 3641775 08/10/2009 04:39P Weld County, CO 11 of 11 R 0.00 D 0.00 Steve Moreno Clerk & Recorder NEW CACHE LA POUDRE IRRIGATING COMPANY By .-27/i• 11 c9 tm i - /75.3 Hello