Common Contracts
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Morven Glenavy Ikawai Irrigation Company Limited Explanatory Note β New Water Supply Agreement ("WSA")November 30th, 2016
As you are aware, the company is putting in place a new WSA to replace the existing WSA which is an encumbrance registered against your property or WSA (in the case at Waihao Downs). The existing encumbrances and WSA's require updating to adequately deal with the Company's regulatory obligations under its consents and modern irrigation practice. In addition, the existing encumbrances are expensive to administer from the company's perspective. The intention is to release the encumbrances over time. Where a farmer has both the new WSA and encumbrance, the WSA will prevail as the dominant document in the event of any conflict.
