Payment for Use

Payment for Use. No easement, right-of-way, permit, lease or other instrument authorizing the location and construction or erection of Facilities on the property of the District shall be executed and delivered to the Companies except for fair market value consideration paid for the interest conveyed and containing such terms and provisions determined by the Board as reasonable and necessary to protect the water resources and the residential, commercial, recreational and other rights of the District and its leaseholders in such lands and property.