WATER RIGHT LICENSE AND AGREEMENT
(Central Basin)
For a valuable consideration, the City of Vernon (Licensor) hereby grants to Liberty Utilities Corporation (Licensee): a license to extract 2,000 acre-feet of Licensor’s Allowed Pumping Allocation allocated to Licensor (or predecessors in interest) under and pursuant to the Central Basin Third Amended Judgment dated December 23, 2013 and entered in Los Angeles Superior Court Case No. 786656 entitled “Central and West Basin Water Replenishment District vs. Charles E. Adams, et al.” during the period commencing July 1, 2024 and continuing to and including June 30, 2025.
Said License is granted subject to the following conditions:
1. Licensee shall exercise said right and extract the same on behalf of Licensor during the period above specified and put the same to beneficial use and Licensee shall not by the exercise hereunder of said right acquire any right to extract water independent of the rights of Licensor.
2. Licensee shall pay assessments levied on the pumping of said ground waters by the Water Replenishment District (District).
3. Licensee shall notify the District that said pumping was done pursuant to this license and provide the District with a copy of this signed document.
4. Licensee shall note, in any recording of water production for the period of agreement that said pumping was done pursuant to this license.
5. Licensee’s Allowed Pumping Allocation shall (shall, with flex)(shall not, without flex) be increased by the amount hereby leased when computing carryover or allowable overextraction as provided by Part III, Subpart A and B in said Judgment.
6. Licensee shall pay licensor $100 per acre-foot for the 2,000 acre-feet following acceptance of this agreement by the Watermaster.
The City of Vernon warrants that it has 2,000 acre-feet of Allowed Pumping Allocation and that it has not pumped and will not pump or permit or license any other person to pump any part of said 2,000 acre-feet during the period of July 1, 2024 through June 30, 2025.
This lease may be signed by the parties by facsimile, electronic or digital signature, and such signature shall be deemed valid and binding on the party signing this lease in that manner.
Dated : ____________
Licensor : City of Vernon Licensee : Liberty Utilities Corporation Signed By : _________________________ Signed By : _______________________ Brian Saeki, City Administrator Name : _______________________ Title : _______________________
Approved as to form:
Signed By : _______________________
_________________________ Name : _______________________ Zaynah N. Moussa, City Attorney Title : _______________________ Attest:
_________________________
Yonnie Parker, Deputy City Clerk