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HomeMy WebLinkAbout1999-032-03/16/1999-ESTABLISHING RENTAL RATES TO BE CHARGED FOR THE CITYS SURPLUS RAW WATER FOR THE 1999 SEASON RESOLUTION 99-32 OF THE COUNCIL OF THE CITY OF FORT COLLINS ESTABLISHING RENTAL RATES TO BE CHARGED FOR THE CITY'S SURPLUS RAW WATER FOR THE 1999 SEASON WHEREAS, each year after the irrigation companies have established the annual assessment rates for their water, the City's Water Board("the Board") makes a recommendation to the City Council on the rental rates to be charged for the City's surplus raw water; and WHEREAS, on February 25, 1999, the Board discussed the rental program and recommended the following rates for the 1999 irrigation season: Type of Water 1999 Rental Charge* NCWCD Water (CBT)—Ag $ 18.00 /ac-ft NCWCD Water (CBT) —M&I $ 33.00 /ac-ft North Poudre Irrigation Company — Early Ag Use $ 10.00 /ac-ft North Poudre Irrigation Company—Ag Use $ 22.00 /ac-ft North Poudre Irrigation Company— Multiple Use $ 27.00 /ac-ft Water Supply and Storage Company $ 2,500.00 /share Pleasant Valley and Lake Canal Company $ 180.00 /share New Mercer Ditch Company $ 180.00 /share Latimer County Canal No.2 $ 275.00 /share Arthur Irrigation Company $ 14.00 /share Warren Lake Reservoir Company $ 120.00 /share Joe Wright Reservoir Water $ 38.00 /ac-ft Sherwood Reservoir Company $ 5.00 /share Sherwood Irrigation Company $ 450.00 /share Reusable Effluent $ 34.00 /share * For late season rentals,rates may be adjusted to reflect the remaining yield or the prevalent market price of the water stock being rented. WHEREAS,municipal supply and demand will be monitored and quantities available for rent will be determined periodically; and WHEREAS, an adequate amount of water will be reserved to ensure that the City's requirements are met. NOW THEREFORE,BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS,that the rental rates set forth above are hereby approved for the City's surplus raw water for 1999 and the Utilities General Manager,or his representative,is authorized to rent such surplus raw water at said rates. Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this 16th day of March, A.D. 1999. sic ATTEST: City Clerk