AGREEMENT TO AMEND
WATER SERVICE AGREEMENT
FOR THE
SKY RANCH PUD
Dated: January 30. 2004
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RE: Water Service Agreement dated October 31. 2003 by and between Airpark
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Metropolitan District ("AMD"); Icon Investors I LLC ("DEVELOPER"); Pure Cycle
Corporation ("PURECYCLE"); and Rangeview Metropolitan District ("RANGEVIEW")
relating to the provision of water services to the Sky Ranch PUD (Arapahoe
County case No. Z01-010).
This Amendment, dated January 30, 2004, shall amend the aforesaid Water Service
Agreement as follows:
Section 4.02 of the above referenced Water Service agreement is hereby
amended to read as follows, with amended language being designated in BOLD
TYPE:
"4.02 Water Tap Fees. DEVELOPER shall purchase Water Taps from PURECYCLE
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for use on the Property in accordance with the "Water Tap Takedown
Schedule" in Exhibit C. FOR EACH WATER TAP PURCHASED BY DEVELOPER FOR
SERVICE FROM 1,501 EQR TO 4,000 EQR, DEVELOPER SHALL PAY THE WATER RESOURCE
CHARGE PORTION OF THE WATER TAP FEE DIRECTLY TO THE XXXXX XXXXXX & XXXXXX
LLP TRUST ACCOUNT. SUCH WATER RESOURCE CHARGE SHALL BE USED TO RELEASE
OUTSTANDING SECURITY INTERESTS ON THE DEDICATED EXPORT WATER."
AIRPARK METROPOLITAN DISTRICT
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, President
ICON INVESTORS I, LLC, a Colorado Limited Liability Company
By: Airway Park Manager, LLC, a Colorado Limited Liability Company
By: /s/ Xxxxxx X. Xxxxx
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Xxxxxx X. Xxxxx, its Manager
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
