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HomeMy WebLinkAbout1998-052-03/17/1998-ESTABLISHING RENTAL RATES TO BE CHARGED FOR THE CITYS SURPLUS RAW WATER FOR THE 1998 SEASON RESOLUTION 98-52 OF THE COUNCIL OF THE CITY OF FORT COLLINS ESTABLISHING RENTAL RATES TO BE CHARGED FOR THE CITY'S SURPLUS WATER FOR THE 1998 SEASON WHEREAS, each year after the irrigation companies have established the annual assessment rates for their water,the City's Water Utilities 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 26, 1998, the Board discussed the rental program and recommended the following rates for the 1998 irrigation season: Type of Water 1998 Rental Charge* NCWCD Water(CBT)—Ag $ 17.00 /ac-ft NCWCD Water(CBT)—M&I $ 32.00 /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 $ 2,400.00 /share Pleasant Valley and Lake Canal Company $ 180.00 /share New Mercer Ditch Company $ 180.00 /share Larimer County Canal No. 2 $ 300.00 /share Arthur Irrigation Company $ 12.00 /share Warren Lake Reservoir Company $ 120.00 /share Joe Wright Reservoir Water $ 37.00 /ac-ft Sherwood Reservoir Company $ 5.00 /share Sherwood Irrigation Company $ 700.00 /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 1998 and the City's Water 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 Councilqfl6kity of Fort ms helc 'this 17th day of March, A.D. 1998. �Jl i ATTEST: - i City Clerk ',