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Contracts & Agreements_234C-2021
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Peter and Melissa Koss 5 shares Certificate No 1232
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234C-2021
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Contracts & Agreements_234C-2021
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8/23/2022 3:23:58 PM
Creation date
3/28/2022 8:16:30 AM
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Contracts & Agreements
Subject
Entitlement Water Exchange
Details
Peter and Melissa Koss
Date
12/16/2021
Document Number
234C-2021
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AGREEMENT <br />THIS AGREEMENT, executed by and between the City of Redlands, herein- <br />after called "City" and the Redlands Heights Water Company, hereinafter <br />called "Company" is entered into this First <br />day of <br />August , 1967 <br />RECITALS <br />1 The Company desires to relieve itself of the burden of maintaining <br />pipelines in many areas where the usage is not sufficient to warrant large <br />expenditures for such maintenance. <br />2 The City, being a substantial stockholder in the Company, deems <br />it in the public interest to assist in the discontinuation of as many <br />unnecessary and little used pipelines as possible <br />3 Many of the Company's points of delivery may be served from the <br />City's domestic water system. <br />4. The physical means exist for the City to receive water from the <br />Company in exchange for water delivered by the City to Company stockholders <br />COVENANTS <br />For and in consideration of the mutual covenants set forth herein, <br />Company and City agree as follows <br />1 The Company shall determine the size of connection required to <br />serve each stockholder from the city system, and pay for installation of <br />such connections, which shall serve also as the domestic connection to <br />shareholders entitled to receive water service <br />2 The Company, at its expense, shall make any connection to the <br />irrigation system from the domestic system of a customer <br />3 During irrigation months only, the customer may receive his stock <br />entitlement through the domestic meter and all water thereafter shall be <br />charged by the City at the domestic rates established by City ordinance or <br />resolution. <br />4. Company agrees to deliver or have delivered to the City, all water <br />entitlement due to any stockholder that is connected to the City's system in <br />accordance with this agreement All water shall be delivered in potable <br />
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