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CONTRACT 4172 Leasing Agreement41 72 • *A WATER RIGHT LICENSE AND AGREEMENT (West Coast Basin) For valuable consideration, the City of El Segundo hereby grants to the City of Manhattan Beach a license to extract 953 acre -feet of licensor's Adjudicated Right allocated to licensor (or predecessors in interest) pursuant to Judgment dated August 19, 1961, and entered in Los Angeles Superior Court Case No. 506806 entitled "California Water Service Company, et al. vs. City of Compton, et al." during the period commencing July 1, 2011 and continuing to an including June 30, 2012 for the amount of $101,018.00. Said License is granted, subject to the following conditions: (1) Licensee shall exercise said right and extract the same on behalf of the City of El Segundo during the period above specified and put the same beneficial use and licensee shall not be the exercise hereunder of said right acquire any right to extract to water independent of the rights of licensor. (2) Licensee shall pay assessments levied on the pumping of said ground water by the Central and West Basin Water Replenishment District. (3) Licensee shall notify the District and Watermaster that said pumping was done pursuant to this license and provide the Watermaster with a copy of the document. (4) Licensee shall note in any recording of water production for the period of agreement that said pumping was done pursuant to this license. (5) Licensee's Adjudicated Right shall be increased by the amount hereby licensed when computing carryover or allowable over extraction as provided by Paragraph V in said Judgment. (6) Licensee acquires hereunder pumping rights only and should be responsible to provide the means and location to effect said pumping itself and shall bear the cost of said pumping. The City of El Segundo warrants that it has 953 acre -feet of Adjudicated Right and it has not pumped and will not pump or permit or license any other person to pump any part of said 953 acre -feet during the period of July 1, 2011 through June 30, 2012. Licensor: CITY OF EL SEGUNDO Licensee: CITY OF MANHATTAN BEACH By: X /\ t j- /i( By: II Doug Willmore Date Dave Carmany bate Title: City Manager ATTESTED: Cindy Mort sea Date City Clerk (SEAL) Title: City Manager ATTESTED: 4 8_S - l I I,if a Tamura Date Ci Clerk (S L)