Resolution 1999-30 - Laserfiche WebLink

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(9) Letters from the Farmers Reservoir and Irrigation Company a/k/a Farmers Lake (Marshall Lake Reservoir Division), the South Boulder and Coal Creek Irrigating Ditch Company and the South Boulder and the Coal Creek 1st Extension Ditch Company, stating that City's ownership of the Water Rights is free and clear of all liens, encumbrances and assessments; and (10) Any additional documents which the County or the Farmers Reservoir and Irrigation Company a/k/a Farmers Lake (Marshall Lake Reservoir Division), the South Boulder and Coal Creek Irrigating Ditch Company, or the South Boulder and Coal Creek 1st Extension Ditch Company require for the transfer to the County of an undivided one-half interest in the Water Rights, including, without limitation, a lost instrument bond. County shall pay for all ordinary costs and fees imposed by the Farmers Reservoir and Irrigation Company a/k/a Farmers Lake (Marshall Lake Reservoir Division), the South Boulder and Coal Creek Irrigating Ditch Company, or the South Boulder and Coal Creek 1st Extension Ditch Company to transfer the County Water Rights to County with the documents set forth in Paragraph 7(A) (7-10). City shall be responsible for any costs and fees associated with obtaining additional documentation, such as lost instrument bonds, required under this Subparagraph 7(A) (10). (B) The original stock certificates indicating the City and County's interests in the Water Rights, and the annual assessment notices and any other notices regarding the Water Rights, shall be sent to the City. The City agrees to pay the full assessments every year and the County agrees to, upon receipt of an invoice, reimburse the City for assessments paid for all even numbered years. The County shall vote all shares in odd numbered years, and the City shall vote all shares in even numbered years. (C) At the time of closing and, upon City's compliance with the terms and provisions of this Agreement, County shall deliver: (1) The balance of the purchase price; (2) A good and sufficient Deed of Conservation Easement in Gross, properly executed and acknowledged, with the County as Grantor and City as Grantee, in the form set forth in Exhibit B;