HomeMy WebLinkAbout1990-095-07/03/1990-LAKE CANAL COMPANY PLEASANT VALLEY PURCHASE OF SHARES WATER RESOURCES RESOLUTION 90-95
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AUTHORIZING THE PURCHASE OF SHARES IN THE
PLEASANT VALLEY AND LAKE CANAL COMPANY
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 have determined that it is in
the best interest of the City to purchase additional supplies in advance of
actual use; and
WHEREAS, .42 shares of the Pleasant Valley and Lake Canal Company
(PV&L) has been offered for sale to the City of Fort Collins; 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 .25
shares of PV&L from James A. Scott and .17 shares of PV&L from Charles C.
Smith at a total cost of $13,300.
Passed and adopted at a regular meeting of the City Council held this
3rd day of July, A.D. 1990.
a or "-- V
ATTEST:
City Clerk