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HomeMy WebLinkAbout1994-048-03/15/1994-IRRIGATION WATER RENTAL RATES SURPLUS WATER RESOLUTION 94-48 OF THE COUNCIL OF THE CITY OF FORT COLLINS ESTABLISHING RENTAL RATES TO BE CHARGED FOR THE CITY'S SURPLUS WATER WHEREAS, each year, after the irrigation companies have established the annual assessment rates for their water, the Water Board makes a recommendation to the City Council on the rental rates to be charged for the City's surplus water; and WHEREAS, on February 18, 1994, the Water Board discussed the rental program and recommended the following rates for the 1994 irrigation season: Type of Water Proposed 1994 Rental Charge* NCWCD Water (CBT) $ 16.00 /ac-ft North Poudre Irrigation Co. $ 85.00 /share Water Supply and Storage Co. $ 1,800.00 /share Pleasant Valley & Lake Canal Co. $ 120.00 /share New Mercer Ditch Co. $ 275.00 /share Larimer County Canal No. 2 $ 220.00 /share Arthur Irrigation Co. $ 10.00 /share Warren Lake Reservoir Co. $ 110.00 /share Joe Wright Reservoir Water $ 18.00 /ac-ft Sherwood Res. Co. $ 5.00 /share Sherwood Irrigation Co. $ 330.00 /share * For late season rentals, rates may be adjusted to reflect the remaining yield or the prevailing market price of the water stock being rented; and 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 as follows: Section 1 . That the above rental rates be, and they hereby are, approved for the City's rental of its surplus water for 1994. Section 2. That the Water Utilities Director, or his representative, is hereby authorized to rent the City's surplus water at these approved rental rates for 1994. Passed and adopted at a regular meeting of the Coun it of the City of Fort Collins held this 15th day of March, A.D. 1994. Mayo L ATTEST: nn "a� 6 City Clerk