Dixie Project legislation, 1963-1964

Page 15

->2~ desirable site shall be obtained for Hurxieaae and Washington County in accord* ante herewith, than after a reservoir has been constructed thereon, Hurricane and $&___tlngton County will relinquish all of Its right, title and interest in thz Kolob site to Cedar City aad vicinity. 0. After five years, if Cedar City and vicinity is using two-fifths of the water of the Kolob site in accordance with .Paragraph 6 hereof, then Cedar City and vicinity will pay two*fifths of the fair value of tha Kolob Dam and the land utilised for that purpose as of the date of construction, deducting therefrom the depreciation properly allcwabla between construction and the time the dam is first utilised by Cedar City. 9. After completion of the Dixie Project or after aoeeptanaa by Hurricane and Washington County of a substitute reservoir In accordance with the fore­going, Oder City and vicinity shall have all of the water from the Kolob site ami ebai. pay the remaining three*fifths of tha fair value of the dan and land upon which it is situated as of the date of oonatmctlen, after deducting fair depreciation from the date of construction to the date Hurricane smd Washington County ceases to use the saws* 10. After completion of the Male Project, Cedar City and vicinity shall have all of the water from Kolob site unless e substitute reservoir has boan accepted by Cedar City as hereinabove provided, and shall pay to tha Sixie Project, the annual loss of power reveane to tha Btxie Project. All payments by Coder City shall ha made annually bot not in advance. Ii, Ceear City and vicinity shall cooperate with Washington County in pro-motlng the Dixie Project and supply supportlag deta to justify the project, including the necessity for the development of amy part of said project for the us. of Cedar City and vicinity. It ie specifically undarstood that Csder City and vicinity and Hurricane and vicinity (fte#hlB§tea Caeaty) shell assist each other ia obtaining a& additional site or substitute site as hereinabove sat out end in the avent It ahould be d«termi_»«d that Cedar City and vicinity should have a reservoir site in gfavaje Lake, it is mdaratood that Cedar City will reimburse th* Washington County Rate. User's Asaaoiatio© for the expenditures vmdie in the constructlea of the dike ia eaid lake, reaacma&la depreciation to be deducted from the original cost. It is further agreed thet tha initial and immadiets steps for procedure in egraaaaat with the Ftah later and Fewer Board be as follows: