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RES-2022-140
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2022-07-05 10:00 AM - Commissioners' Agenda
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RES-2022-140
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Last modified
7/14/2022 11:01:33 AM
Creation date
7/14/2022 11:01:21 AM
Metadata
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Template:
Meeting
Date
7/5/2022
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Alpha Order
l
Item
Request to Approve a Resolution to Ratify the Chair's Signature on the Water Rights Purchase and Sale Agreement with Solar Dollar, LLC.
Order
12
Placement
Consent Agenda
Row ID
91099
Type
Resolution
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WATER RIGHTS PURCHASE AND SALE AGREEMENT <br />THIS WATER RIGHTS PURCHASE AND SALE AGREEMENT is made and entered into <br />this I <br />5j day of a-l [-z ,2022,by and between SOLAR DOLLAR LLC.,a Washington <br />Limited LiuUitity Co*ffi 1fr.r"inafter referred to as "Seller" or "SOLAR"), and KITTIiAS <br />COLTNTY, Washington, (hereinafter referred to as the'oPurchaser" or "County"). <br />A. WHEREAS, Seller is the owner of certain real property as described in Exhibit A <br />attached hereto and incorporated herein by this reference (hereinafter collectively referred to as the <br />"Seller's Property" or "SOLAR Property"), which has appurtenant water rights from the Yakima <br />River, which were confirmed in Department of Ecology v. Acquavella,Yakima County Superior <br />Courl CauseNo. 77-2-01484-5 ("Acquavella"), and which are assigned CertificateNo. S4-83598-J, <br />and which are described in Exhibit B attached hereto and incorporated herein by reference <br />(hereinafter the "SOLAR Water Right"). <br />B. WHEREAS, Purchaser operates a water resource mitigation program and is acquiring <br />the SOLAR water right to provide mitigation for water use by the City of Kittitas through an <br />approved Washington State Department of Health Group A Water System in Kittitas County, <br />Washington, <br />C. WHEREAS, Seller desires to sell and Purchaser desires to purchase all ofthe SOLAR <br />Water Right (both consumptive and non-consumptive) (the "SOLAR Water Right"), all as is <br />hereinafter set forth, for use in the Mitigation Area. <br />NOW, THEREFORE, in consideration of the foregoing, payment of the purchase price and <br />the mutual covenants and conditions hereinafter set forth, the parties hereto hereby agree as follows: <br />1. Purchase and Sale. Seller agrees to sell and convey to Purchaser its entire interest in <br />the SOLAR Water Right which is described in attached Exhibit B. The purchase of the SOLAR <br />Water Right includes water for both consumptive and non-consumptive portions of the water right. <br />2. Purchase Price. Subject to the conditions set forth in this agreement and the <br />contingencies described herein, Seller agrees to sell and Purchaser agrees to purchase the SOLAR <br />Water Right for a total purchase price equal to a Right to Purchase Lump Sum Payment and a <br />Consumptive Per Acre-Foot Sale Price. The Right to Purchase Lump Sum Payment shall be <br />$70,000. The Consumptive Per Acre Foot Sale Price shall be $6,500.00 multiplied by the Solar <br />Water Right's consumptive acre feet available for transfer as determined by the Washington State <br />Department of Ecology ("Ecology") in the change and transfer process described below in Section 4, <br />which amount shall be payable in cash at closing. By way of example only, if Ecology determines <br />that 76.5 consumptive acre feet are available for transfer then the purchase price shall be <br />Page I <br />S"tt"r: Tb <br />'t --Purchaser: l-\)
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