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OROJECT DrVELOPMENT AGREFN%,P <br /> BETWEEN <br /> ® THE COUNTY OF INDEPENDENCE, KANSAS EXHIBIT A <br /> AND <br /> THE CITY OF BATESVILLE, AR NSAS <br /> FOR THE <br /> WHITE RIVER LOCK AND DAM 1 <br /> HYDROELECTRIC PROJECT <br /> This Agreement between the County of In pendence Arkansas <br /> ( "County") and the City of Batesville , Arkan s (City) for <br /> development of the White River Lock and Dam . 1 Hydroelectric <br /> Project is made this da of November, 1985 . <br /> RECITALS <br /> WHEREAS, the City has filed a license applic -ion before the <br /> Federal Energy Regulatory Commission (FERC) develop a <br /> hydroelectric project at the White River Loc and Dam No. 1 known <br /> as FERC Project No. 4204 (Project 1 ) ; and <br /> WHEREAS, the City is interested in pursuing velopment of the <br /> Project in a manner that completely relieves he City of financial risk; aj <br /> WHEREAS, the County has pending before the F C license applications <br /> for hydroelectric projects at White River Lo and Dam Nos . 2 and 3 , <br /> FERC Project Nos. 4660 and 4659 , .rospectivel (hereinafter Projects <br /> 2 and 3, respectively) ; and <br /> WHEREAS, the development of Project 1 will b fit power production <br /> at Project 2 due to hydraulic impacts from m fication to flow <br /> releases available from construction of a by oelectric project at <br /> Lock and Dam No. 1; and <br /> WHEREAS, the County is interested in develop all three of the <br /> proposed White River Hydroelectric Projects 'make optimum use of <br /> the water resources available for hydroelect development for <br /> local benefit; and <br /> i <br /> WHEREAS, the City is willing to cooperate wi -+the County to enable <br /> development of a hydroelectric project at Lo !and Dam No. 1 for the <br /> benefit of the County and the City. <br /> i That subject to the terms and conditions her set out the City hereby <br /> lets and leases ''unto the County that parcel land located in Indepen- <br /> dence County, Arkansas , and generally referr to as Lock and Dam No. 1 <br /> and more particularly described ip k:xhibit A Cached hereto and made <br /> a part hereof as though set out word for wor figure for figure , and <br /> hereinafter referred to as Lock and Dam No. 1 <br /> r <br /> i <br /> I <br /> -1- <br />