Water Credit Purchase Agreement Sample Contracts

THIRD AMENDMENT TO WATER CREDIT PURCHASE AGREEMENT BETWEEN THE TOWN OF FIRESTONE AND MORTGAGE CONSULTANTS, LLC.
Water Credit Purchase Agreement • January 13th, 2021

WHEREAS, Mortgage Consultants, LLC, (“MC”) is a “subdivider,or developer” as that term is defined in Section 16.11.3 of the Firestone Development Code (“Code”), who agreed to dedicate “water rights” and/or “shares” to the Town of Firestone (“Firestone”) pursuant to an Annexation Agreement dated January 16, 1999 (“Annexation Agreement”), and who must actually dedicate those “water rights” and/or “shares” prior to the first recording of a final plat, final subdivision, or final development plan or receiving a building permit; and

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SECOND AMENDMENT TO WATER CREDIT PURCHASE AGREEMENT BETWEEN THE TOWN OF FIRESTONE AND MORTGAGE CONSULTANTS, LLC.
Water Credit Purchase Agreement • January 13th, 2021

WHEREAS, Mortgage Consultants, LLC, (“Buyer”) is a “subdivider,or developer” as that term is defined in Section 16.11.3 of the Firestone Development Code (“Code”), who agreed to dedicate “water rights” and/or “shares” to the Town of Firestone (“Firestone”) pursuant to an Annexation Agreement dated January 16, 1999 (“Annexation Agreement”), and who must actually dedicate those “water rights” and/or “shares” prior to the first recording of a final plat, final subdivision, or final development plan or receiving a building permit; and

NATIVE WATER CREDIT PURCHASE AGREEMENT
Water Credit Purchase Agreement • September 29th, 2022

WHEREAS, the Firestone Municipal Code ("Code") requires land developers to agree co dedicate a certain amowlt of "water rights" and/or "shares" before annexing new land into Firestone; and

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