AGREEMENT TO AMEND/EXTEND
WATER SERVICE AGREEMENT
FOR THE
SKY RANCH PUD
January 6,2004
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RE: Water Service Agreement dated October 31. 2003 by and between AIRPARK
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METROPOLITAN DISTRICT ("AMD"); ICON INVESTORS 1 LLC ("DEVELOPER"); PURE
CYCLE CORPORATION ("PURECYCLE"); and RANGE VIEW METROPOLITAN DISTRICT
("RANGEVIEW") relating to the provision of water services to the Sky Ranch
PUD (Arapahoe County case No. Z01-010).
This Amendment, dated January 6. 2004, shall amend the aforesaid water service
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agreement as follows:
Section 10.02, Termination Contingency, Subsection (c) shall be amended to
read as follows:
(c) Water Rights. If AMD or the DEVELOPER are unsatisfied with the opinion
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of water counsel provided pursuant to Section 6.03(e), AMD or the DEVELOPER
shall have the right to terminate this Agreement by giving written notice
to RANGEVIEW and PURECYCLE. In no event shall AMD or DEVELOPER have the
right to terminate this Agreement pursuant to this Section after the Board
of County Commissioners of Arapahoe County has approved the PDP, or March
6, 2004, whichever is latest.
AIRPARK METROPOLITAN DISTRICT
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, President
ICON INVESTORS I LLC
By: AIRWAY PARK MANAGER, LLC, A COLORADO LIMITED LIABILITY COMPANY
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, its Manager
PURE CYCLE CORPORATION, A DELAWARE CORPORATION
By: /s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx, President
RANGEVIEW METROPOLITAN DISTRICT
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, Director
