HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 03/06/2018 - FIRST READING OF ORDINANCE NO. 038, 2018, ESTABLISAgenda Item 7
Item # 7 Page 1
AGENDA ITEM SUMMARY March 6, 2018
City Council
STAFF
Meagan Smith, Water Resources Engineer
Donnie Dustin, Water Resources Manager
Eric Potyondy, Legal
SUBJECT
First Reading of Ordinance No. 038, 2018, Establishing Rental Rates and Delivery Charges for Use of Water
Available Under the City's Raw Water Interests for 2018 Through March 2021.
EXECUTIVE SUMMARY
The purpose of this item is to obtain City Council approval for the proposed formula-based and fixed rates and
charges for rental and delivery of Utilities’ raw water supplies for three years: 2018, 2019, and 2020. This
would be a change from the historical practice of having rates and charges approved for one year at a time.
Staff has utilized the proposed formulas to set rates and charges since 2015. Staff is recommending a reduced
rental rate of $400/acre-foot for fully consumable water (down from $600/acre-foot) to reflect market conditions
and recognize Utilities’ increased availability of these supplies. The rates and charges would be effective
through March 2021, to address the gap between the end of 2020 and anticipated Council approval of new
rates and charges in early 2021.
STAFF RECOMMENDATION
Staff recommends adoption of the Ordinance on First Reading.
BACKGROUND / DISCUSSION
The City is a shareholder in several local ditch and reservoir companies and holds allotment contracts for the
delivery of Colorado Big-Thompson Project (CBT) water. Utilities is responsible for most of these supplies.
The main use for these raw water sources is in the treatment and delivery of potable water for the Utilities’
ratepayers. There are also delivery obligations under existing agreements to provide raw water shares for use
by certain home owner associations (HOAs), the Poudre School District, and some City departments. After
these treated and raw water demands have been met, in most years there is surplus water that can be rented
first to other City departments (if needed) and then to non-City water users.
Staff proposes two categories for pricing raw water. The first category - rental rates - is used to set prices for
surplus raw water for use by non-City water users. Typically, there is demand for much of the City’s raw water
rental sources and there are active rental markets. The second category - delivery charges - sets prices for
sources where the Utilities has an on-going obligation to provide raw water that is used to irrigate some HOA
greenbelts and Poudre School District fields, and some City parks and golf courses, as well as to deliver
additional raw water to other City departments as needed.
Historically, City Council has approved rental rates and delivery charges for the use of Utilities’ raw water each
year after the ditch and reservoir companies have established their annual assessments and prior to the start
of the irrigation season. Beginning in 2015, staff recommended and City Council approved, a formula-based
approach to setting rental rates and delivery charges for all raw water sources except fully consumable
supplies. The formulas are a function of the annual assessment for each ditch and reservoir company plus an
Agenda Item 7
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administrative fee. Over the past three years, staff has received positive feedback from the rental community
regarding this formula-based approach to rate setting.
Staff is now proposing City Council adopt the formula-based approach to setting rental rates and delivery
charges for three years. This would be a change from the historical practice of having rates and charges
approved annually. The rates and charges will be effective through March 2021, to address the gap between
the end of 2020 and anticipated Council approval of new rates and charges in early 2021. Setting the rates via
formula captures any fluctuation in assessments, ensuring the City will recoup its costs for rented water without
the need for annual approval. Moreover, establishing the rates and charges for a three-year period will reduce
the administrative burden of the rental program while increasing the planning certainty for the City’s water
rental community.
The attached tables show proposed calculations for determining rental rates and delivery charges (Table 1),
assessment rates as set by the irrigation companies (Table 2), and raw water rates charged by Utilities for
2016 and 2017 with proposed rates for 2018 (Table 3). Please note, the rates will change with any changing
assessment rates in 2019 and 2020.
ACTIVE RENTAL MARKETS FOR SURPLUS RAW WATER
North Poudre Irrigation Company (NPIC)
Rental Rates - Utilities expects to have surplus NPIC water available for rent. Each NPIC share has an
agricultural (AG) component and a multiple use (MU) component. The volume of water for each component
varies annually and is set in April by the NPIC Board of Directors based on the company’s water supply
availability. Due to current legal constraints, the AG component can only be used on land served by the NPIC
system and is rented to shareholders under that system. The MU portion of each NPIC share is available for
Utilities' use and is largely comprised of NPIC-owned CBT water. When users in the NPIC system rent either
AG or MU water, both components are delivered through the system in the same manner. Therefore, for
rentals made into the NPIC system, it is proposed both types of water be rented at the same rate per acre-foot
(AF).
Beginning in 2015, a formula was used to set the raw water rental rate, incorporating the NPIC assessment
and share allocation to ensure the cost of the NPIC assessment was fully paid by the renter. This same
method is proposed for 2018 - 2020 and is defined below. The calculated rate will be rounded up to the
nearest dollar, and will not be defined until after the allocation is made in mid-April. The rental rate will remain
fixed until the assessment rate is defined for the next growing season.
In some years there is a special class of NPIC water available for agricultural users for a very limited time early
in the growing season. This Early AG water has a limited rental market and thus warrants a significantly lower
rate. If Early AG water is available in 2018 - 2020, staff proposes a rental rate of $15/AF to reflect its limited
use.
Table 4 provides a possible range of calculated rental rates using the 2018 assessment of $220.00 with
various potential allocations. Please note, rates will change with any assessment changes in 2019 and 2020.
Procedures - If the total volume of rental requests is greater than the available surplus water, Utilities will use
a proportionate allocation method based on the requester’s acreage, as has been done since 2008. This
allocation method uses information provided by renters about their total land holdings served under the NPIC
system. These requesting acreages are then added together and divided into the total volume of City-owned
NPIC water available for rent in each year. This AF/acre ratio is then applied to each of the requesters’ land
holdings to determine the maximum amount of rental water available for each requester. This allocation
method was developed at the request of NPIC renters to provide some water to all requesters each year.
Agenda Item 7
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Colorado Big Thompson Water (CBT)
Rental Rate - Utilities receives CBT water through allotment contracts with the Northern Colorado Water
Conservancy District (Northern) and through its ownership of NPIC shares. Utilities does not typically rent CBT
water from its own allotment contracts with Northern, but when available, Utilities will rent CBT water available
through its ownership of NPIC shares. Utilities holds some of the NPIC MU water for potentially high summer
demands, then rents it to other (non-NPIC) renters later in the year if it was not needed.
To use CBT water from its NPIC shares, the MU portion of the share is transferred as CBT water into the
Utilities’ CBT account with Northern Water. Beginning in 2015, Northern instituted a transfer fee for this type of
operation. The transfer fee is based on the CBT allocation, which varies from year to year. The 2017 fee for
this transfer was $50.88/AF. Depending on the CBT quota, the fee for this transfer in 2018 will likely be closer
to $60/AF. The assessed transfer fee is added to the cost of the rental (resulting in a rental price of $94.88/AF
in 2017). Staff recommends rentals of CBT water be made at a rate equal to the calculated NPIC rate plus the
cost of any transfer fees associated with the rental.
Procedures - Utilities will first meet the CBT delivery obligations to City departments and other entities with
delivery agreements. Surplus CBT water will then be offered to water users on ditches that run through town.
These ditches, known collectively as the “Southside Ditches”, include the Arthur, New Mercer, Larimer No 2,
and Warren Lake Reservoir. The Pleasant Valley Lake and Canal Company (PVLC) is also included in this tier.
Surplus CBT water will next be made available to other Poudre Basin water users. Finally, in the event any
surplus CBT water remains, it will be offered to others within the entire Northern District.
Water Supply and Storage Company (WSSC)
Rental Rates - Water Supply and Storage Company shares can only be rented to water users under that
system. WSSC has an active rental market, and the recent historical rental rate of a WSSC share is $1,000
over assessment. It is recommended this method be used to calculate the WSSC share rental rate for 2018
through 2020.
Procedures - Shares will be offered via lottery as in past years.
Poudre Valley and Lake Canal Company (PVLC) and the Southside Ditches
Rental Rates - The rental market for raw water from the Southside Ditches or PVLC is very limited, however
Utilities can occasionally rent surplus water from these systems. Staff recommends the rate for these supplies
be set at 120% of the assessment rate for each Ditch Company.
Procedures - PVLC and Southside Ditch shares can only be rented to water users under each specific
system. As the market for these supplies is limited, availability of shares to rent will be determined by Staff at
the time the request is made.
Fully Consumable Water
Rental Rates - Utilities has occasional rental demand for fully consumable water to satisfy State requirements
for substitute water supply and augmentation plans. Historically, Utilities has set the price for this water
conservatively high relative to the market to avoid unnecessary demands on our limited fully consumable
supplies. However, with ongoing operational experience at Rigden Reservoir, Utilities has increased its
availability and flexibility of fully consumable supplies. Staff proposes setting the rental rate for these sources
at $400/AF for three years. Based on inquiries with entities renting/leasing water with similar characteristics in
Northern Colorado, this rate is in line with market conditions for short-term agreements for water for
augmentation use (which is one common example of a fully consumable use).
Procedures - Utilities staff will monitor reusable sources and determine availability for rental at the time the
request is made.
Agenda Item 7
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RAW WATER DELIVERY CHARGES
PVLC and the Southside Ditches Delivery Charges
This category sets charges for water delivered for use on City facilities, such as parks and golf courses, or
water delivered for use by other entities having met the Utilities’ raw water requirement. Non-City entities with
raw water delivery agreements are typically HOAs and the Poudre School District. It is proposed the delivery
charges be set at 110% of each ditch and reservoir company per share annual assessment. This is to help
offset administrative costs.
Colorado-Big Thompson Water (CBT)
This category sets charges for CBT water delivered for use at facilities which have met a raw water
requirement, or for use by other City departments for irrigation purposes. In those instances, at its discretion,
Utilities may utilize available supplies through its ownership in NPIC or through its allotment contracts with
Northern Water. Staff recommends setting the rate for delivery of this CBT water equal to the NPIC rental rate
plus any applicable NCWCD transfer fees. This rate will be utilized unless otherwise defined by agreement.
Fully Consumable Water Delivery Charges
Utilities has delivery obligations for reusable water where the Utilities’ raw water requirement has been met.
For these obligations it is proposed to charge a fee of $120 per acre-foot to help offset operational and
administrative costs.
CITY FINANCIAL IMPACTS
Revenue from the rental and delivery of raw water has averaged approximately $750,000/year over the last
five years. These revenues can fluctuate significantly depending upon water supply conditions. Revenues
generated by rentals helps off-set the annual cost to Utilities of raw water ownership.
BOARD / COMMISSION RECOMMENDATION
At its February 15, 2018 meeting, the Water Board unanimously recommended City Council adopt the
proposed formula-based and fixed rates and charges for raw water rental and delivery. The Water Board is
also supportive of fixing the formulas and fixed rates and charges as ongoing, with an annual review and report
to the Board on market rates.
PUBLIC OUTREACH
Announcements were made at the NPIC and WSSC irrigation company annual meetings regarding the
availability of rental water and the processes for making requests.
ATTACHMENTS
1. Table 1 - Proposed Rental Rates and Delivery Charges (PDF)
2. Table 2 - Water Assessments (PDF)
3. Table 3 - Rental Rates and Delivery Charges (PDF)
4. Table 4 - Range of NPIC Rental Rates (PDF)
5. Water Board minutes, February 15, 2018 (draft) (PDF)
Table 1
Proposed Rental Rates and Delivery Charges
TYPE OF WATER RENTAL RATES/CHARGES
SURPLUS RENTAL RATES
NPIC – EARLY AG (PER AF) $ 15.00
NPIC – AG OR MU (PER AF) $ [Assessment / (MU+AG Allocation)] + 2.00
CBT (PER AF) $ Calculated NPIC rental rate + any Northern
transfer fee
WSSC (PER SHARE) $ Assessment + 1,000.00
ARTHUR IRRIGATION CO (PER SHARE) $ (120% of annual assessment)
LARIMER COUNTY CANAL #2 (PER SHARE) $ (120% of annual assessment)
NEW MERCER DITCH CO (PER SHARE) $ (120% of annual assessment)
PLEASANT VALLEY & LAKE CANAL CO (PER
SHARE)
$ (120% of annual assessment)
WARREN LAKE RESERVOIR CO (PER SHARE) $ (120% of annual assessment)
SHERWOOD RESERVOIR CO (PER SHARE) $ (120% of annual assessment)
SHERWOOD IRRIGATION CO (PER SHARE) $ (120% of annual assessment)
FULLY CONSUMABLE (PER AF) $ 400.00
RAW WATER DELIVERY CHARGES
CBT (PER AF) $ Calculated NPIC rental rate + any Northern
transfer fee
ARTHUR IRRIGATION CO (PER SHARE) $ (110% of annual assessment)
LARIMER COUNTY CANAL #2 (PER SHARE) $ (110% of annual assessment)
NEW MERCER DITCH CO (PER SHARE) $ (110% of annual assessment)
PLEASANT VALLEY & LAKE CANAL CO (PER
SHARE)
$ (110% of annual assessment)
WARREN LAKE RESERVOIR CO (PER SHARE) $ (110% of annual assessment)
SHERWOOD RESERVOIR CO (PER SHARE) $ (110% of annual assessment)
SHERWOOD IRRIGATION CO (PER SHARE) $ (110% of annual assessment)
FULLY CONSUMABLE (PER AF) $ 120.00
Notes:
(1) Rates may be adjusted to reflect the remaining yield or the prevalent market price of the water
stock being rented.
(2) The April allocation will be used to set the NPIC AG/MU price.
(3) Rates and charges are rounded up to the nearest dollar.
(4) The transfer fee charged on CBT rentals will be based on the quota at the time of the transfer.
(5) The raw water delivery charge for CBT water may differ from above if otherwise defined in writing.
ATTACHMENT 1
Table 2
Water Assessments
0BSOURCE 1B2015 2B2016 3B2017 4B2018
CBT (NCWCD, $/UNIT) 30.50 35.50 42.40 43.50
NORTH POUDRE IRRIGATION CO. ($/SH) 200.00 200.00 210.00 220.00
WATER SUPPLY & STORAGE CO. ($/SH) 2,900.00 2,900.00 3,000.00 3,000.00
ARTHUR IRRIGATION CO. ($/SH) 20.00 57.00 50.00 51.00
LARIMER COUNTY CANAL #2 ($/SH) 350.00 450.00 600.00 700.00
NEW MERCER ($/SH) 450.00 450.00 750.00 925.00
PLEASANT VALLEY & LAKE CANAL ($/SH) 185.00 185.00 190.00 504.00
WARREN LAKE ($/SH) 500.00 250.00 400.00 500.00
SHERWOOD RESERVOIR ($/SH) 160.00 57.00 57.00 57.00
SHERWOOD IRRIGATION ($/SH) 1,500.00 1,500.00 1,545.00 1,545.00
REUSABLE SOURCES ($/AF) n/a n/a n/a n/a
ATTACHMENT 2
Table 3
Water Rental Rates and Delivery Charges
SOURCE 2016 2017 2018
SURPLUS WATER RENTAL RATES
CBT WATER ($/AF) 45.00 + Transfer fee 44.00 + Transfer fee NPIC rate +Transfer
fee
TRANSFER FEE – NPIC CBT TO
CITY ($/AF)
49.14 50.88 Determined in April
NPIC – EARLY AG ($/AF) 15.00 15.00 15.00
NPIC – AG OR MU ($/AF) 45.00 44.00 Determined in April
WATER SUPPLY & STORAGE CO
($/SH)
3,900.00 4,000.00 4,000.00
ARTHUR IRRIGATION CO. ($/SH) n/a n/a 62.00
LARIMER COUNTY CANAL #2
($/SH)
n/a n/a 840.00
NEW MERCER ($/SH) n/a n/a 1,110.00
PLEASANT VALLEY & LAKE CANAL
($/SH)
n/a n/a 605.00
WARREN LAKE ($/SH) n/a n/a 600.00
SHERWOOD RESERVOIR CO
($/SH)
n/a n/a 69.00
SHERWOOD IRRIGATION CO
($/SH)
n/a n/a 1,854.00
FULLY CONSUMABLE WATER
($/AF)
600.00 600.00 400.00
RAW WATER DELIVERY CHARGES
CBT WATER ($/AF) n/a n/a NPIC rate +Transfer
fee
ARTHUR IRRIGATION CO ($/SH) 63.00 55.00 57.00
LARIMER COUNTY CANAL #2
($/SH)
495.00 660.00 770.00
NEW MERCER ($/SH) 495.00 825.00 1,018.00
PLEASANT VALLEY & LAKE CANAL
($/SH)
204.00 209.00 555.00
WARREN LAKE ($/SH) 275.00 440.00 550.00
SHERWOOD RESERVOIR CO
($/SH)
63.00 63.00 63.00
SHERWOOD IRRIGATION CO
($/SH)
1,650.00 1,700.00 1,700.00
FULLY CONSUMABLE SOURCES
($/AF)
120.00 120.00 120.00
Notes:
(1) Rates may be adjusted to reflect the remaining yield or the prevalent market price of the water stock
being rented.
(2) Charges for those who have satisfied the City’s raw water requirements are set at 110% of the
assessments charged by that company.
(3) The transfer fee charged on CBT rentals will be based on the quota at the time of the transfer.
(4) The raw water delivery charge for CBT water may differ from above if otherwise defined in writing.
Table 4
Range of NPIC Rental Rates
NPIC Assessment ($/sh) 220.00 220.00 220.00 220.00
April Ag Allotment (AF/sh) 1.25 1.5 2.00 2.5
April MU Allotment (AF/sh) 2.25 2.5 2.75 3.0
Total April Allotment (AF/sh) 3.5 4.0 4.75 5.5
Assessment Cost ($/AF) 62.86 55.00 46.31 40.00
Administration Fee ($/AF) 2.00 2.00 2.00 2.00
Calculated Rental Rate ($/AF) 65.00 57.00 49.00 42.00
ATTACHMENT 4
Excerpt from the February 15, 2018 Water Board minutes:
2018 Raw Water Rental Rates and Delivery
(Attachments available upon request)
Water Resources Engineer Meagan Smith provided background information and an overview of
the proposed 2018 rental rates and delivery charges. Topics included two pricing categories,
typical rentals, delivery agreements, water types (early agricultural, agricultural, and multiple
use), Rule 11 transfer fee, etc. The current process requires City Council approval annually and
creates pricing uncertainty for the rental community. Staff proposes setting the formula-based
and fixed rates and delivery charges for a three-year term: formula-based rate setting ensures
City recoups costs, increases planning certainty for rental community, and reduces administrative
burden to rental program. Ms. Smith asked for the Water Board’s feedback on the proposed
changes.
Discussion Highlights
Board members commented on and inquired about various related topics including the possibility
of promoting and actively soliciting water rentals because it generates revenue (staff indicated
the priority is ensuring treated water customers receive the water they need, but promoting raw
water rentals is a possibility in the future, although policy is to support agriculture and seek only
to recover costs); rental revenue last year ($981,231); impact of proposed changes on water
districts’ budgets; other options for reusable water; questions on the proposed $400 per acre-foot
for fully consumable sources (down from the current $600) and whether staff could add language
for the fee to be “$600 or less” based on an annual adjustment at the Utilities Executive
Director’s discretion, to allow flexibility according to market conditions (staff will consult with
City Attorney’s Office); a board member agreed the $400 reduced proposed free is reasonable
and understood staff’s rationale.
Motion: Chairperson Brett Bovee moved that Water Board recommends City Council
adopt the proposed formulas and fixed rates for the raw water rental rates and delivery
charges for a term of approximately three years through March 2021, as proposed by
Utilities staff.
Discussion on the Motion: A board member inquired whether it is necessary to limit the term to
three years. Staff suggested providing information to the Water Board on an annual basis on
market rates.
Revised Motion: Chairperson Brett Bovee moved that Water Board recommends City
Council adopt the proposed formulas and fixed rates for the raw water rental rates and
delivery charges ongoing with an annual report to the Water Board and if Water Board
suggested changes to the fully consumable rate.
• Board Member Jim Kuiken seconded the motion.
• Vote on the motion: It passed unanimously 7-0.
ATTACHMENT 5
Staff Liaison/Water Resources and Treatment Operations Manager Carol Webb noted that staff
is working with the board of North Poudre Irrigation Company (NPIC) to be less conservative
with its allocations, because conservative allocations has resulted in NPIC giving away free
water and therefore eliminating the possibility of recouping expenses.
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ORDINANCE NO. 038, 2018
OF THE COUNCIL OF THE CITY OF FORT COLLINS
ESTABLISHING RENTAL RATES AND DELIVERY CHARGES
FOR USE OF WATER AVAILABLE UNDER THE CITY’S RAW
WATER INTERESTS FOR 2018 THROUGH MARCH 2021
WHEREAS, the City holds title to or otherwise has ownership interests in various water
rights, water right decrees, shares in ditch and reservoir companies (“shares”), and contractual
rights to the delivery of water that are sources of supply of raw and untreated water (together,
“Raw Water Interests”); and
WHEREAS, the amount of water available under the City’s Raw Water Interests, at
certain times, may be greater than the immediate needs of the City and its inhabitants, and is thus
potentially available for use by persons outside of the City as a rental; and
WHEREAS, the City has various agreements and understandings pursuant to which the
City allows persons outside of the City and certain City departments to use water available under
the City’s Raw Water Interests, provided that a charge for the delivery of such water is paid; and
WHEREAS, pursuant to Article XII, Section 4 of the City Charter, if at any time the
water supply is greater than the immediate needs of the City and its inhabitants, the City Council
may authorize the City Manager to permit the use of such surplus water by consumers outside
the City at such rates as the City Council may prescribe, provided that no vested right shall
accrue under such permits; and
WHEREAS, pursuant to Article XII, Section 6 of the City Charter, the City Council shall
by ordinance from time to time fix, establish, maintain, and provide for the collection of such
rates, fees, or charges for water furnished by the City as will produce revenues sufficient to pay
the cost of operation and maintenance of the City’s utilities in good repair and working order and
to provide and maintain an adequate working capital fund for the day-to-day business operations
of the utilities; and
WHEREAS, City staff has recommended rental rates and delivery charges for the use of
water available under the City’s Raw Water Interests for a period of approximately three years,
through March 2021, which the Water Board has also recommended; and
WHEREAS, City Council finds that the rental rates and delivery charges set forth herein
are appropriate and will provide revenues that offset the cost of operation and maintenance of the
City’s Raw Water Interests and associated infrastructures and to keep the City’s utilities in good
repair and working order and to provide and maintain an adequate working capital fund for the
day-to-day business operations of the utilities.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
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Section 1. That the City Council hereby makes and adopts the determinations and
findings contained in the recitals set forth above.
Section 2. That the City Manager and the Utilities Executive Director are hereby
authorized to make water available under the City’s Raw Water Interests available for use by
persons outside of the City and certain City departments, provided; that such water can be rented
or delivered without adversely affecting the City; that no vested right shall accrue under such
use; and that appropriate rental rate or delivery charge set forth herein is applied, which may be
adjusted as the City Manager or the Utilities Executive Director determine necessary to reflect
the remaining yield for the prevalent market price of the water or shares being rented in order to
prevent undue economic loss to the City; and that the final price may be rounded up to the
nearest dollar.
Section 3. That the City Manager and the Utilities Executive Director are hereby
further authorized: to impose on such rentals and deliveries such additional terms and conditions
as they deem appropriate to protects the interests of the City in and to the City’s Raw Water
Interests; and to deny any request for a rental or delivery, to the extent allowed by law, as they
deem appropriate to further the interests, policies, and values of the City.
Section 4. That all previous authorizations to make water available under the City’s
Raw Water Interests are repealed in their entirety.
Section 5. That the rental rates set forth in the table below are hereby approved as the
City’s rental rates for 2018 through March 2021, provided that the rental rate for fully
consumable water shall apply through March 2021.
RATES FOR RENTALS OF SURPLUS RAW WATER
Type of Water Rate Per Acre Foot
Arthur Irrigation Company 120% of Annual Assessment
Colorado-Big Thompson Water from the
Northern Colorado Water Conservancy District
(NCWCD) associated with Shares in the
North Poudre Irrigation Company
Rental Rate for North Poudre Irrigation
Company (Seasonal Agricultural and Multiple
Use Water) + any NCWCD transfer fees
calculated at the time of transfer
Larimer County Canal No. 2 Irrigating
Company
120% of Annual Assessment
New Mercer Ditch Company 120% of Annual Assessment
North Poudre Irrigation Company:
Early Agricultural Use Water
$15.00 per acre foot
North Poudre Irrigation Company:
Seasonal Agricultural and Multiple Use Water
(Annual Assessment / (Sum of Allocation of
Seasonal Agricultural Use and Multiple Use
Water per share)) + $2.00 per acre foot
Pleasant Valley and Lake Canal Company 120% of Annual Assessment
Fully Consumable Sources $400.00 per acre foot
Sherwood Reservoir Company 120% of Annual Assessment
Sherwood Irrigation Company 120% of Annual Assessment
Warren Lake Reservoir Company 120% of Annual Assessment
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Type of Water Rate Per Share
Water Supply and Storage Company Annual Assessment + $1,000.00 share
Section 6. That the delivery charges set forth in the table below are hereby approved
as the City’s delivery charges for 2018 through March 2021.
RAW WATER DELIVERY CHARGES
Type of Water Rate Per Share
Arthur Irrigation Company 110% of Annual Assessment
Colorado-Big Thompson Water from the
Northern Colorado Water Conservancy District
Rental Rate for North Poudre Irrigation
Company (Seasonal Agricultural and Multiple
Use Water) + any NCWCD transfer fees
calculated at the time of transfer
Larimer County Canal No. 2 Irrigating
Company
110% of Annual Assessment
New Mercer Ditch Company 110% of Annual Assessment
Pleasant Valley and Lake Canal Company 110% of Annual Assessment
Sherwood Reservoir Company 110% of Annual Assessment
Sherwood Irrigation Company 110% of Annual Assessment
Warren Lake Reservoir Company 110% of Annual Assessment
Type of Water Rate Per Acre Foot
Fully Consumable Sources $120.00 per acre foot
Introduced, considered favorably on first reading, and ordered published this 6th day of
March, A.D. 2018, and to be presented for final passage on the 20th day of March, A.D. 2018.
__________________________________
Mayor
ATTEST:
_______________________________
City Clerk
Passed and adopted on final reading on the 20th day of March, A.D. 2018.
__________________________________
Mayor
ATTEST:
_______________________________
City Clerk
ATTACHMENT 3