HomeMy WebLinkAboutContracts & Agreements_105-2005_CCv0001.pdf SHARES LEASE
This Shares Lease("Lease")is entered into between the David Knight("Lessor")and the City of
Redlands("Lessee"). Lessor and Lessee agree as follows:
A Lessor is the owner of 1,012 shares of the Capital Stock of Bear Valley Mutual Water
Company("Shares'); and
B. Lessor desires to lease 1000 of its Shares(hereinafter the*Leased Shares")to Lessee on the
terms and conditions set forth hereinafter.
1. Lease, Lessor hereby agrees to lose the Leased Shares to Lessee and Lessee agrees to
Wass same from Lessor for the purpose of providing water to Lessee. Said water shall not
be used Oy Lessee for human consumption prior to treatment by Lessee, to Califomis
Department of Health Services,Office of Drinking Water Standards.
2. Term• The term of this lease shall begin on June 7, 2005 and end on June 1, 2006, (in no
event more than one year)(`Lease terml. Notwithstanding the foregoing, Lessee
understands and agrees that(a)the real property owned by the Lessor("Lessor's Real
Property'could be the subject of a condemnation proceeding or other taking, (b) the Leased
Shares are not currently subject to a condemnation proceeding or other taking, (c) In the
event the Leased Shares are the subject matter of a condemnation award or in the event the
Leased Shares as described aro the subject matter of a condemnation proceeding then in
that event the entire amount of any such award shall be the sole and exclusive property of
Lessor and the Lessee shall have no interest therein, (d)in the event there is a taking of the
Leased Shares by condemnation, then in that event this Lease shall terminate and the
Lessee shall be entitled to a pro nets refund of the Rent as defined hereinbelow, and(e)there
Is no implied intention that this Lease or any rights or interest hereunder will be extended
beyond the Lease Term.
3. $g IL Lessee hereby agrees to pay Lessor the sum of$2,500.00 upon execution of the
Lease for the Leased Shares as set forth herein. Lessee further agrees to pay Lessor,within
30 days of an Invoice,the amount of any shock assessment on said shares which would
result In an annual assessment in excess of$1.50 per share, If any, and any delivery charges
levied by Bear Valley Mutual for delivery of water associated with water deliveries associated
with said shares.
4. Assignability. Lessee hereby agrees that it shall not have the right to assign,sublet or
otherwise transfer or encumber the Leased Shares under this Lease.
5. Voting Rights. Lessor retains voting rights associated with ownership of the Leased Shares.
6. WallyAm Lessee hereby agrees to hold harmless Lessor from any loss, cost, expense and
claims arising directly or indirectly out of(a)condemnation of the Lessor's Real Property or
the Leased Sham prior to expiration of this Lease, (b)this Lease, and (c)from any
environmental contamination of any water attendant to the Leased Shares, from whatever
cause. Lessor assumes no responsibility for the quality or purity of any water attendant to the
Leased Shares.
This Lease is executed on the 7th day of June,2005.
•Lessor:' "Lessee:'
David Knight City of Redlands
BY: v BY: tD �=
80an Peppier
r
Attest C ��
C' (erk
SHARES LEASE
This Shares Lease("Lease") is entered into between the Arnold and Margaret Wright("Lessor")
and the City of Redlands ("Lessee"). Lessor and Lessee agree as follows:
A. Lessor is the owner of 918 shares of the Capital Stock of Bear Valley Mutual Water Company
("Shares"); and
B. Lessor desires to lease 918 of its Shares (hereinafter the"Leased Shares")to Lessee on the
terms and conditions set forth hereinafter.
1. Lease. Lessor hereby agrees to lease the Leased Shares to Lessee and Lessee agrees to
lease same from Lessor for the purpose of providing water to Lessee. Said water shall not
be used by Lessee for human consumption prior to treatment by Lessee, to California
Department of Health Services, Office of Drinking Water Standards,
2. Term. The term of this lease shall begin on June 7, 2005 and end on June 1, 2006, (in no
event more than one year) ("Lease term"). Notwithstanding the foregoing, Lessee
understands and agrees that(a)the real property owned by the Lessor("Lessor's Real
Property")could be the subject of a condemnation proceeding or other taking, (b)the Leased
Shares are not currently subject to a condemnation proceeding or other taking, (c) In the
event the Leased Shares are the subject matter of a condemnation award or in the event the
Leased Shares as described are the subject matter of a condemnation proceeding then in
that event the entire amount of any such award shall be the sole and exclusive property of
Lessor and the Lessee shall have no interest therein, (d) in the event there is a taking of the
Leased Shares by condemnation, then in that event this Lease shall terminate and the
Lessee shall be entitled to a pro rata refund of the Rent as defined hereinbelow, and (e)there
is no implied intention that this Lease or any rights or interest hereunder will be extended
beyond the Lease Term.
3. Rent. Lessee hereby agrees to pay Lessor the sum of$2,295 execution of the Lease for the
Leased Shares as set forth herein. Lessee further agrees to pay Lessor, within 30 days of an
invoice, the amount of any stock assessment on said shares which would result in an annual
assessment in excess of$1.50 per share, if any, and any delivery charges levied by Bear
Valley Mutual for delivery of water associated with water deliveries associated with said
shares.
4. Assignability. Lessee hereby agrees that it shall not have the right to assign, sublet or
otherwise transfer or encumber the Leased Shares under this Lease.
5. Votina Rights. Lessor retains voting rights associated with ownership of the Leased Shares,
6. Waiver. Lessee hereby agrees to hold harmless Lessor from any loss, cost, expense and
claims arising directly or indirectly out of(a)condemnation of the Lessor's Real Property or
the Leased Shares prior to expiration of this Lease, (b) this Lease, and (c)from any
environmental contamination of any water attendant to the Leased Shares, from whatever
cause. Lessor assumes no responsibility for the quality or purity of any water attendant to the
Leased Shares.
This Lease is executed on the 7th day of June 2005.
"Lessor:" "Lessee:"
Arnold and Margaret Wright City of Redlands .
1 _
,7usan Peppier
BY: j ',., `" Mayor
a
Attest: _ }
Cid Clerk �,
SHARES LEASE
�m
µ This Shares Lease ("Lease") is entered into between the San Bernardino Valley Municipal
IN
11110 1
Water District("Lessor") and the City of Redlands("Lessee"). Lessor and Lessee agree
as follows:
A. Lessor is the owner of 21,180 shares of the Capital Stock of Bear Valley Mutual
Water Company("Shares"); and
B. Lessor desires to lease 10,000 of its Shares (hereinafter the"Leased Shares")to
Lessee on the terms and conditions set forth hereinafter.
1. Lease. Lessor hereby agrees to lease the Leased Shares to Lessee and Lessee
agrees to lease same from Lessor for the purpose of providing water to Lessee. Said
water shall not be used by Lessee for human consumption prior to treatment by
Lessee, to California Department of Health Services, Office of Drinking Water
Standards,
2. Term. The term of this lease shall be 12 months beginning on June Z, 2005 and
ending on June 1, 2006, (in no event more than one year) ("Lease term").
Notwithstanding the foregoing, Lessee understands and agrees that (a) the real
property owned by the Lessor("Lessor's Real Property")could be the subject of a
condemnation proceeding or other taking, (b) the Leased Shares are not currently
subject to a condemnation proceeding or other taking, (c) In the event the Leased
Shares are the subject matter of a condemnation award or in the event the Leased
Shares as described are the subject matter of a condemnation proceeding then in
that event the entire amount of any such award shall be the sole and exclusive
property of Lessor and the Lessee shall have no interest therein, (d) in the event
there is a taking of the Leased Shares by condemnation, then in that event this
Lease shall terminate and the Lessee shall be entitled to a pro rata refund of the
0101
Rent as defined hereinbelow, and (e)there is no implied intention that this Lease or
any rights or interest hereunder will be extended beyond the Lease Term.
3, Rent. Lessee hereby agrees to pay Lessor the sum of$25,000.00. upon execution
of the Lease for the Leased Shares as set forth herein. Lessee further agrees to pay
Lessor, within 30 days of an invoice, the amount of any stock assessment on said
shares which would result in an annual assessment in excess of$1.50 per share, if
any, and any delivery charges levied by Bear Valley Mutual for delivery of water
associated with water deliveries associated with said shares.
4. Assignability. Lessee hereby agrees that it shall not have the right to assign, sublet
or otherwise transfer or encumber the Leased Shares under this Lease.
5. Voting Rights. Lessor retains voting rights associated with ownership of the Leased
Shares.
6. Waiver. Lessee hereby agrees to hold harmless Lessor from any loss, cost,
expense and claims arising directly or indirectly out of(a)condemnation of the
Lessor's Real Property or the Leased Shares prior to expiration of this Lease, (b)this
Lease, and (c)from any environmental contamination of any water attendant to the
Leased Shares, from whatever cause. Lessor assumes no responsibility for the
quality or purity of any water attendant to the Leased Shares,
This Lease is executed on the 7 th day oUtine 2005.
"Lessor:" "Lessee:"
San Bernardino Valley Municipal City of Redland
Water District
t
10
M-
B BY: � a i'epler, Mayor
ONE
Title: AtfjlA: Lorre Poyzer, City Clerk
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