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Show ORA**] H . ' OLO ,RV0 ! - •• ASSOC ••. :oNT A KDAR C 1. tColob H serveir and St or eg As I 01 incorporated, 1 co oration, an<; Washington bounty accept irom Cedar City the sum of $51,0 .95 in full satisfaction and settlement oc two-fifths of the costs advsn ed b parties for th* construction, site purchase and ali other costs in Nation to the Kolob Dam and the,land used for thai purpose to the dat e isereof, including all payments heretofore made to the S ate of Utah. 2. All parties agree that Cedar C ty will hereafter pay the balance of the purchase price of said two-fifths interest directly to the Utah Water and Power Board for the State of Utah by paying two-fifths of the remaining balance of $130,3 9.52 to be paid the Stare of Utah under its contract with the Kolob Reservoir and Storage Association, the remaining thr-e-fiftm tc .•• , lie by Kolob Reservoir and Storage Association. Cedar City waive he depre^ia allowance provided in the contract of August 26, 1953 on the two-fifths tnt •-- 3. It is further agreed by ail parties that the two-fifth, interest of Cedar City in the dam site shall consist of the lands upon which said dam and works are situated and the contemplate! inundated lands 10 the maximum contour elevation of 75. 4. Cedar City and Iron County lave leased to Kolob Reservoir and Storage Association for a period of three years theit undivided two-fifths interest in the use of the waters stored in the Koiob Reservoir Lor an annual rental of $,,500.00 payable on or before the 2nd day of ovember of each year, commencing witn the 2nd day of November, 1962. .\oio Reservoir and Storage Association igrees to pay all costs of maintenance and operation during the full term of the lease. Approved by Cedar City at Cedar City on April 19, 1962. Appro d by Kolob Reservoir and Storage Association, a corporation, at St. Seorge, Utah on April 20, 1c* 6 2. _,i_tk_-__«-___-i-i_..-. ... .•.,__,.. „„>,,..-•• .. . *. - ...... - - |
