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