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<br /> RESOLUTION 11 - SERIES 1988 <br /> AGREEMENT FOR ARAPAHOE COUNTY <br /> TO BECOME PROVIDER AND PARTICIPANT <br />WHEREAS, Arapahoe County ("Arapahoe") would like to purchase, lease or <br />acquire rights to the Metropolitan Water Development Agreement and the <br />South Platte and Colorado River Storage Projects Participation <br />Agreement (hereafter "Agreements"); and <br />WHEREAS, Arapahoe will use the yields from the project or projects <br />to satisfy the needs of existing and prospective water service <br />customers it has or will have a legal right to serve within the Denver <br />Metropolitan area; and <br />WHEREAS, the City of of Westminster ("Westminster") would like to <br />sell, lease pledge or assign some rights it has to said Agreements to <br />Arapahoe; and <br />WHEREAS, other Participants may also desire the same right; and <br />WHEREAS, it is understood that a majority approval of all parties to <br />said Agreements is necessary to sell, lease, pledge or assign any <br />rights to the Metropolitan Water Development Agreement to a new party; <br />and <br />WHEREAS, it is understood that unanimous approval of all parties to <br />said Agreements is required in order to sell, lease, pledge or assign <br />any rights to the South Platte and Colorado River Storage Projects <br />Participation Agreement to a new party. <br />NOW, THEREFORE, BE IT RESOLVED that the City of Louisville, having <br />given due notice and consideration to the request, hereby approves the <br />sale, lease, pledge or assignment of rights to the above mentioned <br />Agreements by Westminster or any Participant to the Agreements to <br />Arapahoe pursuant to the provisions of paragraph 15 of the <br />Metropolitan Water Development Agreement and paragraph 22 of the South <br />Platte and Colorado River Storage Projects Participation Agreement. <br /> PASSED AND ADOPTED THIS 1ST DAY OF MARCH, 1988. <br /> CITY OF LOUISVILLE <br /> BY~~r~ <br /> ~-...,......... Mayor <br />