HomeMy WebLinkAboutBYUI agreement to lease water rights 2015.pdfAGREEMENT TO EXTEND LEASE OF WATER RIGHT
THIS AGREEMENT is effective as of the day of November, 2015, by and between BRIGHAM
YOUNG UNIVERSITY -IDAHO OF 525 S. Center Street, Rexburg, Idaho 83460, hereinafter called "BYUI,"
and CITY OF REXBURG, of 35 N. 11t E., Rexburg, Idaho 83440, hereinafter referred to as "CITY."
This agreement, hereinafter referred to as Lease Extension, certifies that the parties agree to extend the
AGREEMENT TO LEASE WATER RIGHT dated May 19, 2011 and recorded in Madison County, Instrument
#368224, for an additional term of five years beginning January 1, 2016 and continuing until December
31, 2020, at which time, the Lease Extension shall automatically terminate unless the parties mutually
agree to an additional extension.
This Lease Extension binds both parties to the terms and conditions of the original Agreement to Lease
Water Right. The original agreement and this Lease Extension, when combined, comprise the entire
agreement.
IN WITNESS WHEREOF, the parties have executed this Lease Extension.
By: Charles N. Andersen, University Resources
Vice President
CITY:
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By: Richard Woodland, Mayor
STATE OF IDAHO
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County of Madison
Acknowledgment
On this dday of November, 2015, before me, the undersigned Notary Public in and for said State,
personally appeared Charles N. Anderson, known to me to be the University Resources Vice President,
of Brigham Young University -Idaho, that he executed the foregoing instrument, and acknowledged to
me that Brigham Young University -Idaho executgd,thp same.
STATE OF IDAHO
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County of Madison
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On this 'day of November, 2015, before me, the undersigned Notary Public in and for said State,
personally appeared Richard Woodland, known to me to be the Mayor, of the City of Rexburg, an Idaho
Municipal Corporation, that he executed the foregoing instrument, and acknowledged to me that the
City of Rexburg executed the same.
DEE DEE M. TUCKER
NOTARY PUBLIC
STATE OF IDAHO
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Notary Public for Idaho
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