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HomeMy WebLinkAbout1988-040-03/15/1988-RENTAL RATES SURPLUS WATER RESOLUTION 88- 40 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 regarding the rental rates to be charged for the City's surplus water; and WHEREAS, on February 19, 1988, the Water Board discussed the rental rates for 1988 and recommended rates for the 1988 irrigation season; 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 following rental rates for the 1988 irrigation season be, and they hereby are, approved for surplus water for 1988: Irrigation Company 1988 Rental Charge* NCWCD Water (CBT) $ 12.00/ac-ft North Poudre Irrigation Company $ 70.00/share Water Supply & Storage Company $1500.00/share Pleasant Valley & Lake Canal Co. $ 70.00/share New Mercer Ditch Company $ 220.00/share Larimer County Canal No. 2 $ 120.00/share Arthur Irrigation Company $ 6.00/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. BE IT FURTHER RESOLVED that the Water Utilities Director or his representative be, and he hereby is, authorized to rent surplus water at the rates specified above. Passed and adapted at a regular meeting of the Council of the City of Fort Collins held this 15th day of March 1988. Mayor ATTEST::: City Clerk