HomeMy WebLinkAbout1985-040-03/19/1985-AUTHORIZING THE ACQUISITION OF CBT WATER RESOLUTION 85- 40
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE ACQUISITION OF CBT WATER
WHEREAS, the waters of the Colorado Big Thompson project (CBT water)
are especially useful to the City of Fort Collins as a supplemental water
supply ; and
WHEREAS, said CBT waters provide, in dry years, an accelerated per
unit water yield ; and
WHEREAS, because of the yield allocation policies of the Northern
Colorado Water Conservancy District with respect to CBT water, these waters
are deemed by the Council of the City of Fort Collins to be beneficial , and
highly desirable, for the protection of the health, safety and welfare of
the citizens of the City; and
WHEREAS, because of various market supply and demand factors, the sale
price of CBT water has declined since 1980; and
WHEREAS, the present price of CBT water is deemed by the Council to be
of such a nature as to merit the City's investigation into the purchase of
CBT water within the reasonable limits of the City's ability to finance
said purchase from funds presently available in the Water Rights Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Manager be, and hereby is, authorized to expend, from
the Water Rights Fund not more than $150,000 for the purchase of units of
the Colorado Big Thompson project as they become available , provided
that such units can be purchased at a cost to the City of no greater than
$900 per unit.
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 19th day of March, A.D. 1985.
Mayo 4`�L�
ATTEST:
City Clerk