Laserfiche WebLink
AGREEMENT TO EXCHANGE ENTITLEMENT WATER <br /> This water entitlement exchange agreement ("Agreement") is made and entered into this <br /> 26`h day of June, 2017 ("Effective Date"), by and between the City of Redlands, a municipal <br /> corporation ("City") and Terri Wood, Trustee or Alexandra Davidson ("Owner") City and <br /> Owner are sometimes individually referred to herein as a"Party" and, together, as the "Parties " <br /> RECITALS <br /> WHEREAS, the City and the Redlands Heights Water Company have entered into an <br /> agreement dated August 1, 1967, to exchange irrigation water, a copy of which is attached hereto <br /> as Exhibit"A," and <br /> WHEREAS, Owner is a shareholder of record of five shares of Redlands Heights Water <br /> Company stock identified as Nos 1225 (the "Shares"), and <br /> WHEREAS, Owner wishes to take advantage of the opportunity to receive water from <br /> the City's domestic water system in exchange for Owner's assignment of the Shares to the City, <br /> NOW, THEREFORE, in consideration of the mutual promises contained herein, the City <br /> of Redlands and Owner agree as follows <br /> AGREEMENT <br /> I Owner hereby assigns and shall cause all irrigation water entitlement derived <br /> from Owner's Shares to be delivered to a City water treatment facility In exchange, Owner will <br /> receive an equal amount of potable water from City through City's domestic water system <br /> 2 Owner shall comply with the provisions of City's agreement with Redlands <br /> Heights Water Company <br /> 3 City agrees to furnish water under the conditions and in the amount indicated in <br /> compliance with City's agreement with Redlands Heights Water Company <br /> 4 This Agreement constitutes the entire agreement between the Parties regarding the <br /> subject matter hereof Any prior written or verbal agreements or representations respecting the <br /> subject matter of this Agreement not expressly set forth herein are null and void <br /> 5 In the event any action is commenced to enforce or interpret the terms or <br /> conditions of this Agreement the prevailing Party shall, in addition to any costs and other relief, <br /> be entitled to the recovery of its reasonable attorneys' fees, including fees for use of in-house <br /> counsel by a Party <br /> 6 This Agreement may be amended only by written instrument, executed by the <br /> Parties <br /> [1L,Ad1n€1-orm Agreemwus\EKLhange FnIaILmin€Wam Lease,doe, <br />