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Resolution 2020-46 - Need Fully Executed Agreement
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Resolution 2020-46 - Need Fully Executed Agreement
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Last modified
5/7/2024 3:12:04 PM
Creation date
6/25/2020 8:45:43 AM
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Template:
City Council Records
Also Known As (aka)
Southern Water Supply Project Consent Agreement
Meeting Date
6/16/2020
Doc Type
Resolution
Ord/Res - Year
2020
Ord/Res - Number
46
Original Hardcopy Storage
9C5
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applying and interpreting the 9% interest rate described in paragraph 4(e)(ii) of the <br />SWSP Allotment Contracts as a simple non -compounding, annual 9% interest rate <br />rather than a compounding annual 9% interest rate, for any conveyances of <br />Segment B6 ROWs. <br />2. No modification. Nothing herein modifies the SWSP Allotment <br />Contracts. <br />3. Consent Limited. The consent granted under this Agreement shall be <br />strictly limited to the terms described herein, and shall not be deemed as consent to <br />any segments of the SWSP Pipeline except Segment B6. <br />4. Miscellaneous. <br />a. Warranty of authority. The signatories hereto warrant <br />that they are authorized to execute this agreement on behalf of their <br />respective SWSP Participant entity, and to bind said entity to the <br />terms agreed upon in this agreement. <br />b. Governing law. This Agreement will be governed and <br />construed in accordance with the laws of the State of Colorado. <br />C. Counterparts and electronic signatures. This <br />Agreement may be executed in counterparts, each of which will be <br />deemed to be an original, and all of which will constitute one and the <br />same instrument. This Agreement may be executed and delivered by <br />email transmission, and counterparts executed and delivered in such <br />a manner will be fully binding and enforceable as if an original had <br />been executed and delivered. <br />5. Bindingeffect. ffect. This Agreement, with the burdens and benefits it <br />imposes, is binding upon the parties and their representatives, successors, and <br />assigns. <br />
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