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AcRllkrnqi BErtIrEr Pln crE1? uuvrcrElrr conpont:rrortlTD UIIIIED DInI CIII UIlNiS COXPilNTcolt8Elrrlfc l$o I 8l!E oll EItnPLuB gll:[ I..lxE crlt ra.IER
wHERtAs, park clty uunicipal corporatlon (park clty)
entered into ttrat l{at,er Supply Agrreeuent d,ated, Octobe,r I, 1991
(hereinafter t-ba iOctober 8, 1991 Water Supply Agreeuent') witJr
SaLt L,aIe City Corporatlon (Sl,C) to purehaee I,OOO aqre feet of
surprus water frqu the spiro Tururer in park clty, utab, andi
WHEREAS, Unlted Park clty ltlnes Cornpany (United park)
clains a right of flrst refusal on sI€ water from the Spiro Ttrnnel
and has notified sI,C of United Parkrs exercise of its right to
purchase nater under the terms and condltions of the october g,
1991 l{ater Supply Agraeneut, and,l
I{IfiRBf$. Park clty bas deelgn€d a rater fLltration plant
to'treat water from the Spiro Tunnel and it is in ttre interest ot
Park City for Park Clty to control sufficient water to justlfy
const:rrction of tbe tli.tratlon plant, andi
WHEREI'S, United Park and Park clty have sought to arrange
)trree-way trade ttrat vould result in Park clty ultlnately owning
all of SLC r s sbare of the water in the Spiro Tunnel r.
Now TIIEREFORS' in consideration of the uutual promj.ses
contained herein, the parties agree as follows:
1. In consj.deration of the rights United park grants to
Park city herein, which rights Park clty aeknowledges to be good
and valuable consideration, Park City hereby accepts these rights
as fuIl satj.sfaction of United Parkrs obli.gation to dedicate water
rights to Parlc City as a direct or indirect condltion of the
annexation to or development in Park City of United park's real"-pr-operty and -ParF-clty hereby va'fvbs any-. 'f urther obligatiijn--o-f--
United Par)< to dedicate water rights to Park city as a direct or
indj-rect condition of the annexation to or development j.n park city
of United Parkrs real property. Park cityrs acceptance and waiver
herein aPply to all real property owned by United Park at the date
of this Agreement (hereinafter "United Parkrs Real Property") and
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shall run with the ovnership of united park.s Rear. property and\enefit the succissors and assigms of United. park parkrs Real
-..ropett1l.
2. unj-ted Park agrrees tlrat it or its successors or
assi-gns will pay all water corurection and developuent fees at the-
prevaj-ling and published rates applicable at the ti r,,e- buildin*poolts elre j'seued f or any constnrctlon located. on unlted, parlct r
Real roperty ttrat bas been annered to parlc clty.
3. united park hereby asslgms to park clty unlte&.:.
Park's right of first refusaL as to and only as to the october g,
1991 Water Supply Agrreement.
4. park city agrrees to provide free of charge, up to
4OO acre feet of nater annually for snou-r''rkirtg pgrpo6es to Unltrc1-
Park or to tbe. ratrr uEGr deslgrnatcd. bry Uafto*-parf; Eb.is,va*f:H
strall b'e uscd in conjunctlon with nev or existlng ekllng facilttlGi
in the Parlc clty area. Park cltyts obligatlon to deliver vater for
snow-rnalcing ehal1 be subordlnate to lts obllgatlon to
cullnary sater. united parlc acknovledges tlrat the cost
dellvar-
for any
Spiro
ght to
Except
as the proposed transaction. In the
tinely make such an offer, then United
'r,pgrade to uater systeus necesaary for delivery of vater for snos-
.oaking and any addltional pouer costs for liftinE ttre uater frou
the source to its point of delivery wouLd be the responsibility of
the water user. Using current rates and sources, the add.itionat
cost for power voul.d be s20,000 to s25r0oo per 1oo acre feet.
5. united park and parl< city agree that, in the event
United
tunnel
sarDe te:ms and conditions
city fails to
Park subsequently acquires rigbts in waters i,of the
now owned by SLC, park Cit y shal1 have the first ri
acqui.re those rights as set forth below in this paragraph.
as provided to the contrary belov, dt any tine and every tiue
-- United Park ProPoses to lease, -s€l1r-t=ade_or othesrise conve y-aL} --or any portion of or cquired frou SLC, United
Park will first give Park city rsritten notice of that fact. park
city will then have 30 days to exercj-se its first right by offer 1n9
to enter into Errr dgre€ment for the acquisition of th righ on the
terest in rigrhts
event Park
20f{
righ
deflned
*fu
Park shall b€free to lease, se11, trade, oF e conveyin such nate,r upon tbe teras and cond.itions crl}ed:- lnsaid notlca.Park Cl ty,s f i-rst right to acquir frou Urrl.ted
Park,shall not apply to Uni(lncludlng laase , sal,e, trade, or otJrenrisa)
waters of the. Spiro gunnel to any reJ.atad or subeidiary corlqqry.personr ot entlty, tr to t$e succesaor or aeslgm- to any of. tF{tedParlcrs Raal kope'rty, provld,ed tbe related or srrbsldlary cqrrctr',pqrronr or entlty or the succeaaor. or asslgrn to any or:.d,ea
ted Parkts ta.rnlt63
_rF--.n.--.____*_-of rany inc"rc#_ In
Park clty the sane first iight
Furtheraore, park Cityrs flrst
Park I s Real Property al.so provides
of acqrisitionr ES defined herein.
Its Mayor
right to acqulre fron United parkr d6 defj-ned herein, shallnot appry to united parkrs transfer (rncrud,rng. leas,c. sarer=f-rda,or otbeuifref. of ' any lntarcrtrn, tlrerrratan* oc*.ttr*sptro ;ffi*any resldentlal end-use.r of ttra' nater' on real property offi o"controlled by united park or lts Euccessors or assigrns.
6 - The parties 'hereto represent that the person* or
Pc{rsons elgmlng on behalf of eacb such party have fu1l autborlty
lrom tbeir respective city council or Board of Directors to binathe parties to the terms set forth herein, and each party agrees toprovide a cor?orate resolution authorizing its representatives tosign this Agrreement.
DATED this 23rd day of January 1992.
PARK CITY UUNTCIPAL CORPORN,TTON
Bra v
UNITED PARK CITY MI COMPAI'TY
tBY
Rothwefts Presi-crenc
rights
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STATE OT IIHAE
COI'NIry OF SI'III{IT
aqreenent. ua-a signed by hin ln bebal.f of said coryoratlos byautborlty' of a, roeolutJ.on of lte Clty CounclJ- and said Brad'l ctFA.Olch aclcnotrlGdged to rne tbat sald..etectrtad tlre-*rc-.
66.
on tlrls C4*A day of January , Lggz, personalry appeared,bafore me Bradley A. oJ.ch, and sb,o by ne duly affiped trraCh.-iathe Hayor of Park clty ttunlclpar cor?oration and t-b,at qld
.l,4.
Hy conrnission oryires:
ls
STATE OF T'TAS.
coutrlT oFr'slrll[f
. acknowledged to me tbat said corlrora tlon exesuted the selDe.
uyc ssLon
tg
98.)
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on thls M day, of January , lggz, personarry appeared,before ne Eank noth@, and who by ne-dury aitinned thai rre ig tIePreeident of United Park clty l{1o"9 Conpany and that Eald agrrennttrae slgm€d lty hL! in b'ehalf of eald cor?oratlon by autbority oC aresolutlon of lts Board of Dlrectlone and sald ltank nothuell
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