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RESOLUTION NO.21 <br /> SERIES 2012 <br /> A RESOLUTION APPROVING A WATER LEASE AGREEMENT BETWEEN THE <br /> CITY OF LOUISVILLE AND CONOCOPHILLIPS COMPANY <br /> WHEREAS, pursuant to that certain Annexation Agreement between the City of <br /> Louisville (the "City") and ConocoPhillips Company, a Delaware corporation ("COP") dated <br /> April 20, 2010, COP has transferred to the City one share of the capital stock in the Farmers <br /> Reservoir and Irrigation Company (Marshall Lake Reservoir Division)("FRICO"), a mutual ditch <br /> company organized under the laws of the State of Colorado; <br /> WHEREAS, such Annexation Agreement provides that the City will lease to COP the use <br /> of such one share for a period not exceeding five years for irrigation uses on the COP property <br /> described in Exhibit "A"to the Water Lease Agreement accompanying this Resolution; and <br /> WHEREAS, such Annexation Agreement further provides that the City and COP will <br /> enter into a lease for such purposes, and there has been proposed a Water Lease Agreement in the <br /> form accompanying this Resolution; and <br /> WHEREAS, the City Council by this Resolution desires to approve the Water Lease <br /> Agreement and authorize its execution; <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF LOUISVILLE,COLORADO: <br /> 1. The proposed Water Lease Agreement between the City of Louisville and <br /> ConocoPhillips Company is hereby approved in essentially the same form as the copy of such <br /> Water Lease Agreement accompanying this Resolution. <br /> 2. The Mayor is authorized to execute the Water Lease Agreement, except that the <br /> Mayor is hereby granted the authority to negotiate and approve such revisions to said Water Lease <br /> Agreement as the Mayor determines are necessary or desirable for the protection of the City, so <br /> long as the essential terms and conditions of the Water Lease Agreement are not altered. <br /> 3. The Mayor, City Manager, Director of Public Works and City Staff are further <br /> authorized to do all things necessary on behalf of the City to perform the obligations of the City <br /> under the Water Lease Agreement and to execute and deliver any and all documents necessary to <br /> effect the lease of water rights under the terms and conditions of the Water Lease Agreement. <br /> , t f,.. a.e 1? SSED AND ADOPTED this 2Q day of , 2012. <br /> 1 tp bg 1-1 <br /> A AT E Robert P. Muckle, Mayor <br /> 9 � <br /> " y Varra, ity Clerk <br /> Resolution No. 21, Series 2012 <br /> Page 1 of 1 <br />