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a/k/a/ Farmers Lake (Marshall Lake Reservoir Division) , represented <br /> by certificate no. 4497; together with (1) all surface and <br /> subsurface water and historical water rights attached to or <br /> appurtenant to or used in connection with the Property; and (2) all <br /> irrigation ditches, ponds, laterals or shares in lateral companies, <br /> diversion boxes and similar irrigation structures located on this <br /> Property or located off the Property and used to convey water <br /> yielded from the above-described water shares to the Property <br /> (hereinafter referred to as the "Water Rights" ) . <br /> D. Seller shall retain all rights to the well and pump <br /> permitted under State of Colorado, Division of Water Resources, <br /> Office of the State Engineer Permit No. 87725 dated December 15, <br /> 1976, which replaced Permit No. RN-620 dated August 3, 1960. <br /> AGREEMENT <br /> NOW, THEREFORE, in consideration of the recitals, promises, <br /> payments, covenants and undertakings hereinafter set forth, and <br /> other good and valuable consideration, which is hereby acknowledged <br /> and receipted for, the Purchasers and Seller agree as follows: <br /> PURCHASE PROVISIONS <br /> 1. In consideration of the payment of FIFTY THOUSAND DOLLARS <br /> ($50, 000 . 00) as Earnest Money, Seller hereby agrees to sell <br /> and the Purchasers hereby agree to purchase Parcel 1; and <br /> Seller agrees to sell and the City hereby agrees to Purchase <br /> Parcel 2, the approximate locations of which are indicated on <br /> Exhibit B, attached hereto and by this reference made a part <br /> of this Agreement . Seller has provided copies of engineering <br /> and/or survey work of the Property to the Purchasers . County <br /> may at its sale expense contract for an ALTA engineering <br /> survey of the Property, sufficient to satisfy the requirements <br /> of the title company to delete the standard pre-printed <br /> exceptions from the Purchasers ' title policy, as set forth in <br /> Paragraph 5 and 6 below. Said survey shall be certified to <br /> the Purchasers and the title company and. shall include a <br /> certificate of acreage for the Parcels and the Lots as shown <br /> on the Division of Land Plat of the Bowes Properties Limited <br /> Partnership Property i-n the records of the Boulder County <br /> Clerk and Recorder. All documents related to this Agreement <br /> shall reference the Parcels and the -Lots as shown on the <br /> Division of Land Plat of the Bowes Properties Limited <br /> Partnership Property, citing the recording information in the <br /> records of the Boulder County Clerk and Recorder. The survey <br /> and legal descriptions must be acceptable to the Purchasers, <br /> BOWES PURCHASE AGREEMENT, <br /> DIVISION OF LAND -2- <br />