Page 123 - Beaumont Basin Watermaster
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RESOLUTION NO. 2017-02

                 A RESOLUTION OF THE BEAUMONT BASIN WATERMASTER APPROVING THE
                       TRANSFER OF OVERLYING WATER RIGHTS TO SPECIFIC PARCELS

                       WHEREAS, the Stipulated Judgment establishing the Beaumont Basin
               Watermaster (Riverside Superior Court Case No. 389197) (“Adjudication”) was filed with
               the Superior Count of California, County of Riverside on February 4, 2004; and

                       WHEREAS, Oak Valley Partners, L.P.  (“OVP”) was designated as holding
               Overlying Water Rights within the Adjudication, with an overall water amount of 1806
               acre-feet/year spread over 5,331.65 acres under the then-specified Safe Yield of the
               basin as described in the Adjudication.  As specified in the Adjudication, OVP’s property
               consists of numerous assessor parcels that are identified within Exhibit D of the
               Adjudication (“OVP Adjudication Parcels”).  Section III, 3(G) of the Adjudication outlines
               OVP’s intended development of its property and specifies the process that OVP may
               utilize to arrange the transfer of its Overlying Water Rights to particular development
               parcels eventually to be serviced by one or more retail water service providers upon
               annexation; and

                       WHEREAS,  OVP now desires to have its designated Overlying Water Rights
               acknowledged in the Adjudication assigned to the requisite Assessor Parcel Numbers
               within the Summerwind Ranch Specific Plan (“Project”) that correlate to certain of the
               OVP Adjudication Parcels; and

                       WHEREAS, the OVP Adjudication Parcels listed on Exhibit D of the Adjudication
               that correlate to the Project parcels and which total 2409.02 acres include the following
               parcel numbers from Exhibit D:
                   • 413-040-002;
                   •  413-160-003 through 007;
                   •  413-170-020, 021, 023, 027 through 031, 033, and 035;
                   •  413-180-017 and 019;
                   •  413-190-001 and 011;
                   •  413-200-002, 010, 014, 015, 020, 023, 024, 026 through 030, and 034 through
                       037;
                   •  413-290-003 and 007;
                   • 413-460-038; and

                       WHEREAS, the Assessor Parcel Numbers for the Project parcels that correlate to
               the above-designated OVP Adjudication Parcels as contained in Exhibit D to the
               Adjudication are listed and specified in Exhibit 1 attached hereto; and

                       WHEREAS, OVP desires that Watermaster approve the transfer of all of OVP’s
               Overlying Water Rights designated within the Adjudication to the Project parcels identified
               in Exhibit 1 attached hereto for the development of the Project by OVP and its successors
               and/or assigns; and



               4554311.1 -- N1356.1
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