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TC Res. No. 2015-06 Fourth Supplemental Water Service Agreement with Avon-Revised-to Res. No. 2015-08.pdfFOURTH SUPPLEMENTAL WATER SERVICE AGREEMENT This Agreement dated this 22nd day of January, 2015, is between the Upper Eagle Regional Water Authority, a quasi -municipal corporation and political subdivision of the State of Colorado (the "Authority"), and the Town of Avon (the "Avon"), a municipal corporation. RECITALS A. The Authority is a quasi -municipal corporation established pursuant to an Intergovernmental Agreement dated September 18, 1984, among the Arrowhead Metropolitan District, Avon as successor to the Avon Metropolitan District, the Beaver Creek Metropolitan District, the Berry Creek Metropolitan District, the Eagle -Vail Metropolitan District, and the Edwards Metropolitan District (collectively the "Member Districts"). The Authority is the owner or lessee of the water rights and facilities that provide water service by contract to existing and projected developments within the service area of its Member Districts. B. Pursuant to the Supplemental Water Service Agreement dated June 25, 2009, between the Authority and the Town, as modified by the Second Supplemental Water Service Agreement dated September 24, 2009, between the Authority and Avon, and the Third Supplemental Water Service Agreement dated February 28, 2013, between the Authority and Avon (the "Supplemental Water Service Agreements"), the Authority committed to provide water service to a total of 5,276.75 single family equivalent residential units ("SFEs") in Avon. C. By Water Service Agreement dated January 22, 2015, between the Authority and Riverside Park Associates, Inc. (the "Company"), the Company sought to obtain water service for an additional 5.7 SFEs not covered by the Supplemental Water Service Agreements. The additional 5.7 SFEs are located on property described as Parcel 2105-111-13-001, Lot 1, Brookside Park Subdivision, in Avon (the "Property"). The Authority agreed to service these additional 5.7 SFEs associated with the Property up to the limits detailed in the Water Service Agreement, provided certain contingencies were met, including the payment of the required cash in lieu fee. D. With the approval of this Agreement, the contingencies contemplated in the Water Service Agreement have been satisfied. As a result, the Authority and Avon desire to enter into this Agreement whereby the Authority agrees to increase the number of SFEs that it will serve in Avon by 5.7 SFEs, to a total of 5,282.45 SFEs. E. It is the intent and purpose of this Fourth Supplemental Water Service Agreement to increase the maximum number of SFEs to which the Authority will provide water service within Avon from 5,276.75 SFEs to 5,282.45 SFEs. NOW, THEREFORE, in consideration of the premises contained herein and other good and valuable consideration, the sufficiency of which are hereby acknowledged, the Authority and Avon agree as follows: 1. Additional Water Service Commitment. The Authority agrees that it will serve an additional 5.7 SFEs in Avon in addition to the 5,282.45 SFEs that were specified in the Supplemental Water Service Agreements. These additional 5.7 SFEs will be available to the Property on the same basis as other users within the Authority's service area to meet the construction, residential, municipal, and irrigation water demands of the Property. The total 70893/2 number of SFEs in Avon that the Authority agrees to serve now totals 5,282.45 SFEs, subject to the limitations in the Water Service Agreement with the Company and that the water uses per SFE are reasonable. The parties' Supplemental Water Service Agreements and the January 1, 1998 Amended and Restated Water Lease and the July 14, 2005, Supplemental Water Lease remain in full force and effect as supplemented by this Agreement. 2. Customer Charges. Currently all customers within Avon pay directly to the Authority plant investment fees and treated water storage fees at the time of hook up, and the monthly service charges of the Authority. Nothing contained in this Agreement shall modify this arrangement and all customers within Avon shall continue to be directly responsible for the payment of such fees and charges. 3. Miscellaneous: (a) This Agreement may not be amended nor any rights hereunder waived except by an instrument in writing signed by the parties sought to be charged with such amendment or waiver. (b) This Agreement shall be interpreted in accordance with and governed by the laws of the State of Colorado. The forum for resolution of any and all disputes arising hereunder shall be the District Court in and for Eagle County, State of Colorado. (c) The paragraph headings herein are inserted for convenience of reference only and do not define, limit or prescribe the scope of this Agreement. (d) The parties agree to execute such additional documents as may be reasonably required to implement the terms of this Agreement. (e) The terms of this Agreement shall be binding on the parties' successors and assigns. (f) Notwithstanding any interpretation of any term or condition to the contrary, water service to any customer or property within Avon shall be subject to all other rules, regulations, fees and requirements of the Authority. [THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] [SIGNATURES ON FOLLOWING PAGE] 70893/2 2 EAhUUIhi) as of the nate tirst set torch above. UYYEKEAULEKELAUNAL WAIEKAUIHUKITY, a quasi -municipal corporation of the State of Colorado I3y: ,.. Name: I itle: TOWN OF AVON 70893:'2 STATE OF COLORADO ) ss. C OUN"1'Y UN EAGLE ) V.,a The foregoing instrument was acknowledged before me this �clay of , 1U151 by asof the Upper Nagle Itegional water Auth rity, a asi- unicipal corporation ana political subdivision or the State of c;olorado. Witness my hand and official seal. My commission expires Po 1 .740. CATHERINE LUNDY HAYES NOTARY PUBLIC STATE OF COLORADO NOTARY ID 20134006102 MY COMMISSION EXPIRES FEBRUARY 1, 2017 $1A1h Ur L;ULUKAUU ) ) ss. CO u.N 1 r uF tAGLE ) • he foregoing u�bu=&�t was ar-.1{Iil7wlCagCa bCtviC iiiC ih15 ���� -aay of . 2015; by_ A r � �+�k�A as ft)&W Q ( of the 'Town of Avon. Witness my hand and otticial seal. My commission expires DEBOW M HOPPE NO i mT PUBLIC STATE uF COLORADO NOTARY m 20oMS129 My COMMISSION ERPIRES JULY i9, zo-r zC W, , lv otai y Public 70893'2 4