1994 AGN AUG 16 I14 - Laserfiche WebLink

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P.O. Box 3000 31315 Chaney Street Lake Elsinore, CA 92531-3000 Elsinore Valle Municipal strict (909) 674-3146 Valley ll WtDistrict Fax: (909) 674-9872 1994 The Cities of Anaheim, Azusa Banning, Colton and Riverside, California Re: Letter Agreement Among the Elsinore Valley Municipal Water District and the Cities of Anaheim, Azusa, Banning, Colton and Riverside, California Gentlemen: The Elsinore Valley Municipal Water District ("EVMWD") and the Cities of Anaheim, Azusa, Banning, Colton and Riverside (the "Cities") (collectively "Parties" and individually "Party") have had a dispute regarding the development of the Lake Elsinore Pumped Storage Project ("Project,'). The Cities currently hold a preliminary permit for the Project issued by the Federal Energy Regulatory Commission ("FERC") on May 17, 1993 docketed as Project No. 11261. EVMWD filed a competing preliminary permit application which was denied by the FERC. The Parties now desire to enter into this binding Letter Agreement which will resolve their dispute and settle between them which party will take the initiative as to the development of the Project and establish the obligations and rights of the Parties with regard to the development of the Project by EVMWD. Section I -- Term of Agreement This Letter Agreement shall become effective on the date that it is executed by a duly appointed representative of each of the Parties and shall expire in accordance with Section VI, unless extended in writing upon the mutual consent of all of the Parties.