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HomeMy WebLinkAbout1996-032-03/05/1996-IRRIGATION RENTAL RATES SURPLUS WATER RESOLUTION 96-32 OF THE COUNCIL OF THE CITY OF FORT COLLINS ESTABLISHING RENTAL RATES TO BE CHARGED FOR THE CITY'S SURPLUS WATER FOR THE 1996 IRRIGATION SEASON WHEREAS,each year after the irrigation companies have established the annual assessment rates for their water,the Water Board makes a recommendation to the Council on the rental rates to be charged for the City's surplus water in the upcoming irrigation season; and WHEREAS, on February 16, 1996, the Water Board discussed the rental program and recommended the following rates for the 1996 irrigation season: Type of Water Proposed 1996 Rental Charge* NCWCD Water (CBT) $ 16.00/ac-ft North Poudre Irrigation Co. $ 90.00/share Water Supply and Storage Co. $ 2,100.00/share Pleasant Valley &Lake Canal Co. $ 130.00/share New Mercer Ditch Co. $ 300.00/share Larimer County Canal No. 2 $ 220.00/share Arthur Irrigation Co. $ 12.00/share Warren Lake Reservoir Co. $ 110.00/share Joe Wright Reservoir Water $ 30.00/ac-ft Sherwood Res. Co. $ 5.00/share Sherwood Irrigation Co. $ 440.00/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; 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 that the above rental rates be, and hereby are, established for the City's surplus water for the 1996 irrigation season; and that the General Manager of the City's Water, Wastewater and Stormwater Utility, or his representative, is hereby authorized to rent such surplus water at the rates specified above, ensuring, however, that the City's water requirements are first met. Passed and adopted at a regular meeting of the Council. e City of Fort Colli }d this 5th day of March, A.D. 1996. e ayor ATTEST: c� City Clerk