Water Rights Dedication and Credits. Developer dedicated twenty-six (26) shares of the Consolidated Home Supply Ditch & Reservoir Company (“Home Supply”) to the Town totaling 200 acre-feet, consisting of the following: 14 shares, represented by Certificate No. 7113 (112 acre-feet of raw water credit); 1 share, represented by Certificate No. 7114 (8 acre-feet of raw water credit); 5 shares, represented by Certificate No. 7115 (40 acre-feet of raw water credit based on a recorded dry-up covenant); 5 shares, represented by Certificate No. 7145 (32 acre-feet of raw water credit); and 1 share, represented by Certificate No. 7148 (8 acre-feet of raw water credit). Developer has also dedicated 1/3 share of Big Xxxxxxxx Ditch and Manufacturing (“Big Xxxxxxxx”) to the Town totaling 19 acre-feet. The Home Supply and Big Xxxxxxxx water are collectively referred to herein as the “Water Shares.” The dedication credit from the Water Shares totaled 219.00 acre-feet and was deposited into the Ledge Rock Center Water Bank (a water bank created by the Town’s Water Engineer to maintain an accounting of Developer’s raw water credits). Developer allocated a portion of the raw water credit in the Ledge Rock Center Water Bank for other uses but retains a surplus dedication credit with the Town sufficient to supply the raw water demands of the Project in the amount of 2.24 acre-feet.
Water Rights Dedication and Credits. Developer dedicated twenty-six (26) shares of the Consolidated Home Supply Ditch & Reservoir Company (“Home Supply”) to the Town totaling 200 acre-feet, consisting of the following: 14 shares, represented by Certificate No. 7113 (112 acre-feet of raw water credit); 1 share, represented by Certificate No. 7114 (8 acre-feet of raw water credit); 5 shares, represented by Certificate No. 7115 (40 acre-feet of raw water credit based on a recorded dry-up covenant); 5 shares, represented by Certificate No. 7145
Water Rights Dedication and Credits. Within forty-five (45) days of the execution of this Agreement, Developer shall dedicate six (6) shares of the Consolidated Home Supply Ditch and Reservoir Company, represented by Certificate No. 6978, to the Town (the “Dedication”). The water represented by Certificate No. 6978 has been changed to include municipal use in the District Court, Water Division Xx. 0, Xxxx Xx. 00XX000. This Agreement is not valid until such Dedication is made and accepted by the Town.
Water Rights Dedication and Credits
