HomeMy WebLinkAbout1990-068-05/15/1990-693 CBT WATER PURCHASE SIX HUNDRED NINETY THREE UNITS WATER BOARD RESOLUTION 90- 68
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE PURCHASE OF SIX HUNDRED NINETY-THREE
UNITS OF CBT WATER
WHEREAS, population and water demands are expected to continue to grow
moderately during the next several decades; and
WHEREAS, there will likely be increased competition and speculation
for water resources along the Northern Colorado Front Range causing prices
to continue to rise quite rapidly; and
WHEREAS, the Council and the Water Board has determined that it is in
the best interest of the City to purchase additional supplies in advance of
actual use; and
WHEREAS, Platte River Power Authority desires to sell six hundred
ninety-three (693) units of Colorado-Big Thompson Project (CBT) water for a
total purchase price of Eight Hundred Thirty-one Thousand Six Hundred
Dollars ($831 ,600) ; and
WHEREAS, the Water Board and staff recommend that the City purchase
this water.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS that the City Manager be, and hereby is, authorized to purchase
from Platte River Power Authority 693 units of CBT water for $831,600.
Passed and adopted at a regular meeting of the Council of the City of
Fort Collins held this 15th day of May 1990.
11AiL ,
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Mayor
ATTEST:
City Clerk