SECOND AMENDMENT TO
AGREEMENT TO AMEND/EXTEND
WATER SERVICE AGREEMENT
FOR THE
SKY RANCH PUD
March 5, 2004
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RE: Water Service Agreement dated October 31, 2003 by and between AIRPARK
METROPOLITAN DISTRICT ("AMD"); ICON INVESTORS I LLC ("DEVELOPER"); PURE
CYCLE CORPORATION ("PURECYCLE"); and RANGEVIEW METROPOLITAN DISTRICT
"(RANGEVIEW") relating to the provisions of water services to the Sky Ranch
PUD (Arapahoe County case No. Z01-010).
This Amendment, dated March 5, 2004, shall amend the aforesaid water service
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agreement as follows:
Section 10.2, Termination Contingency, Subsection (c) shall be amended to
read as follows:
(c) Water Rights. If AMD or the DEVELOPER are satisfied with the opinions
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of water counsel provided pursuant to Section 6.03(e), AMD or the
DEVELOPER shall have the right to terminate this agreement by giving
written notice to RANGEVIEW and PURECYCLE. In the event shall AMD or
DEVELOPER have the right to terminate this Agreement pursuant to this
Section after the Board of County Commissioners of Arapahoe County has
approved the PDP, on March 20, 2004, whichever is latest.
AIRPARK METROPOLITAN DISTRICT
By: [signature not legible]
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ICON INVESTORS I LLC, a Colorado Limited Liability Company
By: AIRWAY PARK MANAGER LLC, A COLORADO LIMITED LIABILITY COMPANY
By: [signature not legible]
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PURE CYCLE CORPORATION, a Delaware Corporation
By: /s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx, President
RANGEVIEW METROPOLITAN DISTRICT
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, Director
